Recently, I had an inspiring experience and learned a great lesson from a surgeon that I met through Zoom telehealth. I injured my right knee on hiking several weeks ago and went to my orthopedist for diagnosis. She did an X-ray and MRI and concluded that I have a lateral meniscus tear and need a surgery.
According to the American Psychological Association, about 40 to 50 percent of married couple in the United States divorce. The divorce rate for subsequent marriages is even higher1. What does this mean for you if you own a business? This is one of the most challenging issues you will have to face during a divorce.
The Social Security Act was signed into law by President Franklin D. Roosevelt in 1935, when he created Social Security, a federal safety net for elderly, unemployed and disadvantaged Americans1. The original purpose of the bill was to pay financial benefits to retirees. The bill also included financial assistance for widows.
Over the past several months, millions of Americans have lost their jobs due to the Coronavirus pandemic. This sudden loss of income has shown how many of us are unprepared to withstand a financial emergency. While the stimulus check and unemployment benefits have helped bridge the gap, it still may not be enough to cover your monthly expenses. What are some of your options if you need to access cash?
A divorce is the second most stressful life event you can experience, after the death of a spouse1. Financial disruption can add to the stress. Read on to learn the 7 easy steps on how you can create a post-divorce budget that can help you take control and purse your goals.
A beneficiary is the person(s) or entity you wish to inherit your account/assets to when you die. You (the account/asset owner) are responsible for selecting the beneficiary designation. You can list a primary beneficiary who is the first in line to receive the account or assets. You can also list multiple primary beneficiaries and stipulate how the asset would be allocated.
According to a June 2020 report from the Transamerica Center for Retirement Studies, only six in 10 women are saving for retirement, which is significantly less than men (78%) 1. Women continue to fall short in their overall retirement savings. What can they do to fix this issue?