Alfa Pride Financial Blog
There are many life decisions that can significantly impact your financial situation. You might be surprised how your choices influence your debt, future earning potential, and retirement. People who are financially successful regularly consider the potential impact of all decisions, including those that are not related to money. Keep reading for clarity on 3 major life decisions that have the greatest impact on your financial future.
Yes, it’s great that you have employee benefits at your job. However, don’t get too comfortable and overly confident. The reality is they are not enough to provide financial security. There are several downsides to those benefits you may not be aware of. Unfortunately, you may not realize this until it’s time for you to actually use them. To learn what they are, and how to address them, keep reading.
A comfortable and enjoyable retirement is the dream of every working person. While you can retire anywhere you want, where you choose to retire can have a significant impact on your finances and lifestyle.
Health care can easily become expensive, especially if your options are limited by geography or finances. Luckily, federally qualified health centers seek to fix this!
When planning for retirement people often have many misconceptions about what it takes to retire successfully and happily. Others are completely unaware of the major challenges or hurdles they must plan for to successfully do so. It requires careful planning and preparation to achieve a worry free retirement.
The rising cases of Covid-19’s Omicron variant has created much uncertainty and concern for 2022. Not knowing what to expect for the year makes it extremely important to reassess your situation, and update your financial plans. Keep reading for three recommendations on how to improve your finances.
Life Happens, a national nonprofit educating consumers about the importance of life, disability and long-term care insurance in a complete financial plan, is partnering with four-time Grammy award-winning singer, songwriter, author, businesswoman, actress, and mother Kelly Rowland to underscore the value of life insurance for Life Happens' annual Life Insurance Awareness Month in September.
As a newly wed couple, you may not always agree on things; however, when it comes to financial survival, the both of you will need to put your heads together and make some decisions with regard to money management.
According to the 2020 annual report of the Social Security Board of Trustees, the surplus in the trust funds that disburse retirement, disability and other Social Security benefits will be depleted by 2035. That does not mean Social Security will no longer be around; it means the system will exhaust its cash reserves and will be able to pay out only what it takes in year-to-year in Social Security taxes. If this comes to pass, Social Security would be able to pay about 79 percent of the benefits to which retired and disabled workers are entitled.
Estate planning is not just for wealthy individuals who have multiple homes, businesses, and assets. Nor is estate planning something only the elderly should be concerned about. Nearly everyone has an estate, and when, (not if) something happens to you, having an estate plan will ensure everything you leave behind is taken cared of as you wish.