You’ve probably seen the TV commercial with the older couple talking about how happy they are after getting cash from selling their life insurance policy. If you’re in your 60s or 70s, should you sell your life insurance policy for quick cash, too? The answer: possibly. But it depends on the kind of life insurance you have, why you bought it and how old you are.
At least 1 million U.S. children experience a mild traumatic brain injury each year.
Calculate Your Family’s Monthly Needs The first place to look when deciding how much insurance you need is your budget. If you don’t have a budget, it’s time to make one! A budget helps you understand where your money goes over the course of a typical month and acts as a blueprint for the first steps in buying life insurance.
The average woman makes 80 cents for every dollar the average man earns. If you suspect (or know for sure) that you’re being paid less than your male counterparts who have comparable levels of experience, and you’ve asked for a raise to no avail, entrepreneurship may be tempting. You might think, I’ll get to set my own rate, and therefore salary, and as long as I work hard, I’ll make what I deserve. Not so fast.
Your net worth represents the relationship between the decisions you make regarding your assets and those that affect your liabilities. As the ways in which you direct your money change, so does this relationship. Knowing your net worth can help keep you on track for a better financial future.
Since millennials (men and women age 22 to 37) are just getting started managing their money and launching their careers, many of their boomer parents are giving them financial advice. But here’s a twist: Some millennial kids are trying to help their parents get a better handle on money, arranging for their moms and dads to meet financial advisers.
