Preparing To Adult: Millennials & Money

adulting Well-educated, collaborative, technology savvy and socially conscious are just a few terms that are often associated with Millennials. Their comfort with technology and the incessant pace of change makes them prized employees in many organizations.

Less comforting, however, are the numerous challenges that Millennials face as they become card-carrying adults: crushing student loan debt, the ongoing economic hangover from The Great Recession, and housing prices that are quickly approaching pre-recession levels. Add in an uncertain labor market, and slow economic growth and it’s no wonder many Millennials feel anxious about life and money.

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You Graduated With Student Loan Debt: Now What?

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Congratulations to the class of 2016, your hard work and perseverance has paid off. You are newly minted graduates and may be facing a variety of decisions surrounding your life and career that you feel totally unprepared to make. Should I take that crazy job teaching English in Tibet, or the stuffy office gig with a 401 (k)? Mom and dad said I could move back home, but living with my friends in a sixth-floor walk- up apartment just seems like more fun. Do I need to start saving for retirement already, oh, and what about my student loans? Continue reading

11 Reasons Why Year-End Tax Planning Matters

15to16.jpgAs the end of the year draws to a close, it is a great time to consider some planning strategies that can help lower your tax bill. While good tax planning may help save you money, it can also you achieve a variety of other financial goals.

Here are a just a few benefits that year-end tax planning may provide: Continue reading

Comparing Medicare Supplement Insurance and Medicare Advantage Plans

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It’s true: Original Medicare does cover most health care expenses, but it comes with significant deductibles and coinsurance payments that can quickly add up. As a result, many American seniors will opt to defray these costs with a Medicare Supplement Insurance (Medigap) or Medicare Advantage Policy.

In our most recent blog post- 2015 Medicare Open Enrollment Checklist– we discussed the services provided by Original Medicare and some important considerations for augmenting this coverage for the upcoming year. This week, we’ll compare Medigap and Medicare Advantage plans and review some important considerations that could  make deciding between the plan types easier.

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2015 Medicare Open Enrollment Checklist

healthcareIt’s that time of year again. If you’re one of the roughly 50 million Americans enrolled in Medicare, get ready for some year-end shopping.

Medicare open enrollment for Medicare Advantage and Medicare prescription drug coverage runs from October 15th until December 7th, and presents a great opportunity for senMedicareCardiors to manage their health care costs for the coming year. On offer are prescription-drug and Medicare Advantage plans, as well as the opportunity to switch plan types.

“It’s like deja-vu, all over again”

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Employee Benefits: An Open Enrollment Checklist

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The final months of the year are a great time to reflect on your accomplishments and plan for the upcoming year. Many employers use this time to evaluate the cost and effectiveness of their employee benefit programs, with the goal of ensuring that they offer the right mix of incentives to attract and retain key talent. Employees, in turn, may be asked to make important elections or decisions that relate to their benefits. Following are some tips to help employees get the most out of their workplace benefits.

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Homeowners Insurance 101: What You Need To Know

homebuyersThe purchase of a home is an important decision and often represents the single largest financial transaction that Americans enter into. To protect that investment, homeowners insurance is recommended, and is generally mandated by a mortgage lender.

In addition to protecting your home from a catastrophic loss, and satisfying your lender’s requirements, homeowner policies protect you in other ways that you may not have considered.

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Common Questions After An Auto Accident

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Common Questions After An Auto Accident

Accidents happen, and even minor fender benders can be an unnerving experience. Advanced technology, including driverless cars, may eventually make accidents a thing of the past, but until that happens, we need to be prepared for when they do occur. This week’s blog post comes courtesy of our friends at Cook Maran & Associates, an insurance brokerage firm specializing in personal lines insurance. Personal Insurance Executive Director, Tim Brenneman, discusses what to do if you have been involved in an auto accident. Please click the link below to be directed to the original post.

http://www.cookmaran.com/blog/common-questions-after-an-auto-accident/

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Automobile Insurance 101

carcrashcartoonInsurance planning is part and parcel with retirement planning. The ability to share common risks at a reasonable cost protects us from a truly catastrophic loss and can help to ensure the continuity of our financial and estate plan. Automobile insurance, mandatory in most states, plays a foundational role in asset protection planning, and is at the same time both widely utilized and overlooked. In this week’s blog post, we will review the most important provisions of a personal automobile insurance plan and provide simple tips to help you design a thorough and cost effective plan of coverage. Before we begin, it is important to note that insurance is regulated at the state level and provisions or policy definitions that apply in one state may be different in another. Thus, the coverage areas outlined are general in nature and based on those found in a typical New York policy.

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Being Retirement Ready

retirereadyRetirement planning is a topic that is often addressed in a strictly numerical context. A certain amount of assets must be accumulated and these assets are then turned into income that, hopefully, will last through the remainder of your lifetime. Sound familiar? While this can be a useful framework for conceptual purposes, it fails to address many of the non-financial intricacies, human emotions and behaviors that can have a huge impact on retirement readiness.

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