Recent News
The Importance of Long-Term Care Planning
According to the U.S. Department of Health and Human Services, over 70% of seniors will require long-term care at some point in their lives. Despite this statistic, very few people have a plan. Without a long-term care (LTC) plan, your finances will likely suffer if you need to pay for care. You may also put your family members in a challenging situation as they’ll probably take on the role of caregiver or help pay for your care. Here’s a closer look at what long-term care planning is and why it’s crucial.
Financial Planning: Goals, Manage Roadblocks, and Get a Second Opinion
October is financial planning month and a great time to review your financial situation. Regardless of what your goals are, financial planning can help you achieve them. Financial planning is examining your financial situation and designing a specific plan to help you reach your goals.
How to be Smart Using Credit
Taking steps to improve your financial skills includes understanding how to be smart using credit before you ever open any credit account. If you don’t take credit seriously, you may run into issues when applying for a mortgage, car loan, or funding for education through a loan.
What You Need to Know About National Retirement Security
National Retirement Security Week is October 17th through October 23rd. This week, Americans are encouraged to reflect on their retirement goals and determine whether they’re on track to reach them.
National Savings Day: October 12th
October 12th is National Savings Day, a day designated to celebrate the act of saving and share simple ways to polish existing saving habits. Saving money doesn’t need to be difficult, as many people have already perfected the art of saving. Saving money can be fun if you simplify saving automatically as a financial resource for you to use later when you need it. When you’re aware of how to save, budget, and automate savings, you’re well on your way to successfully saving. Here are some tips to get you to start saving:
Alzheimer’s Disease, Dementia, Long-Term Care and Planning
Dementia affects almost 50 million people worldwide, with a new case of dementia diagnosed every 3 seconds. More than 6 million Americans suffer from degenerative brain disease in the form of Alzheimer’s. Dementia is the leading cause of disability and dependency and the sixth leading cause of death among the elderly. Dementia kills more people each year than breast cancer and prostate cancer combined. This makes planning for long-term care essential in the world today.
Making a Difference Through Charitable Giving
On September 5th, consider participating in the International Day of Charity by donating to a cause or organization you value. Here are some types of Charitable Giving vehicles:
401(k): 3 Things You Need to Know
If you plan to retire someday, a 401(k) could help you save retirement money to help you enjoy your retirement years financially secure.
Remembering 9/11: The Event That Forever Changed Our Country
On September 11, 2001, almost 3,000 people died from terrorists carrying out suicide attacks against targets in the United States. These attacks were the deadliest on American soil since the Pearl Harbor attack in 1941. This terrifying, humbling, and startling event triggered major U.S. initiatives to combat terrorism.
Labor Day: Celebrate the Social and Economic Achievements of Americans
In 2021, Labor Day will happen on Monday, September 6th, and celebrates the contributions and achievements of American workers. Traditionally observed on the first Monday in September, the labor movement created the holiday in the late 19th century and became a federal holiday in 1894. For many Americans, Labor Day also symbolizes the end of summer and is celebrated across the country in various ways.
