Next Gen Money Coaching

02/02/2022

Most estate planning discussion favors those with a spouse and children, but there are still a number of unmarried people who need to plan their estates. This is especially true of non-financial documents, such as the health care proxy and financial power of attorney.

Single people need estate plans, and the priorities often are different than for married people.

02/01/2022

01/17/2022

Lowe's Livable Home campaign is just one sign of the growing desire to "age at home." More and more seniors are expressing their desire to skip the old folk's home and spend the rest of their lives in their house. Yet this comes with its own unique expenses, which must be considered.

Here's what to know.

01/14/2022

The so-called "Great Resignation" has a lot of people thinking about quitting their jobs, with some older Americans even considering starting their retirement early. Yet unless you're not planning to make it to 75, stepping down now is not a good idea unless you have something else lined up.

More Americans are quitting their jobs than ever before, and many of them don't plan to come back to the workplace. A record 4.4 million voluntarily left their jobs in September.

01/12/2022

"How much life insurance do you need?"

A simple question, but not necessarily an easy answer! Almost everyone should have some kind of life insurance in place, but how much depends on how much you earn, how old you are, and how big your family is.

01/10/2022

Did you know: 32 U.S. state do not apply any type of death taxes when it comes time to manage someone's estate. Yet there are some other hidden expenses you might not know about, so it is important to be aware of your states' tax and other financial requirements when planning your own estate.

In the U.S., 32 states do not apply death taxes—either inheritance or estate taxes—but there are reasons you still might get hit with a bill.

01/06/2022

If you have student loans, you'll have to go back to paying them starting at the end of the year. For some, now might be a good time to refinance your loans before you have start paying on them again, but it isn't necessarily the best option for everyone. This helpful guide helps break down if it's right for you.

Start with these five steps if you’re considering refinancing your student loans.

01/04/2022

Health savings accounts (or HSAs) are fairly uncommon, but many financial advisors are now encouraging clients to look into them. While they aren’t as widely understood or embraced as 401(k) plans or IRAs, as they can greatly reduce the amount of taxable income on your federal returns

Advisors often don’t receive compensation for offering advice on health savings accounts, but some do it anyway in order to generate goodwill with clients and keep a competitive advantage.