Managing the Hefty Price Tag of Healthcare Costs

With all the advances in medicine and technology, it’s no surprise that people are living much longer than before. The rapid rise of health care costs could have a large impact on quality of life now and in retirement. Save and save again Unfortunately, health insurance doesn’t cover all of your medical expenses. As a result, some workers are tempted to...

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Empty Your Nest, Not Your Savings: Five Tips When Saving for College

If you're like many parents, you want your child to go to college. Paying for their education however, can be a huge financial burden. As tuition costs climb each year, saving early is an important step for parents. Here are five tips to help you save for your child’s college expenses. Estimate the cost of college According to a U.S. News...

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Creating a Balanced Spending Plan

Planning for retirement is an important goal. But competing financial priorities, such as reducing debt or saving for a home, often get in the way. How do you make it all work? Start with the fun part! Write down what matters most to you. Ask yourself: How much money do I need for basic living expenses? What do I want to...

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Will You Be Able to Pay for Life’s Surprises?

Life is full of surprises. Sometimes, those surprises cost money. An emergency fund can help you minimize the financial stress when the unexpected happens. Here are a few common life events that can put a financial strain on your family: Job instability or loss If your job goes away, your daily living expenses stay right where they are. An emergency fund that...

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New Year, New Resolution for Retirement Savings Planning

Remember the way simple word problems helped you grasp abstract mathematics when you were in grade school? The same principle applies to retirement planning: Steven spends $5 per day on an extra-large coffee during his morning break at work. If he works five days a week, with 20 days off per year, how much does Steven spend annually on his...

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