The beneficiaries you name in your will to receive your assets after your death or to care for your minor children are more than likely very close to you or even members of your own family. While the death of a beneficiary is a sad time in a family’s life, it is also a time that you have to take an introspective look at your own estate plan. That is the time that you need to update your will and any beneficiary documents. Most investment companies that manage your Roth IRAs, 401ks, and other investment accounts allow you to name a beneficiary … [Read more...] about The Dangers Of The Death Of A Beneficiary
You can make money while sitting on the couch. You can continue to make money in retirement. What if you could make money without even trying? What if your money could make money for you? That’s exactly what is passive income and what it means. There are several ways or investments listed below that I have been using to earn a passive stream of income. What Is Passive Income? What is passive income? Passive income is making money without having to do anything. Passive income is earning an income on autopilot. Passive income is setting … [Read more...] about What Is Passive Income? Here Are Two Ways To Earn Passive Income
Buying a house is still part of the American Dream. There are several great benefits of buying a house that you should be aware of. While today’s housing market and the significant lack of available credit makes owning a home more difficult, it is not impossible to purchase a home. With good credit and a down payment, you can find a mortgage to purchase a new home. LendingTree.comRenting should not be your default option when there are so many great benefits of buying a house. Four Great Benefits Of Buying A House Forced Savings One of … [Read more...] about Top 4 Great Benefits of Buying a House You Need to Know
You may have noticed that learning to play the guitar has been on my list of 100 goals to complete before I die. Not only have I been taking guitar lessons from a teacher locally, but I have also really enjoyed the lessons that Nate Savage from GuitarLessons.com puts on his site and on YouTube. Recently Nate sent out an email to his newsletter subscribers (you can subscribe to the Money Q&A newsletter here) about meeting an incredible guitar player and one of his heroes that inspired him to strive to become a better guitar … [Read more...] about Ten Ways To Inspire Yourself To Save And Invest
For years car insurance companies have used your credit history in order to help them determine the likelihood that you will file a claim on your car insurance. According to studies like the one conducted by the industry group, the Insurance Information Institute, drivers with low credit scores tend to file 40% more insurance claims with their car insurance companies. It is estimated that those with poor credit scores can find themselves paying anywhere between 20% and 50% more for insurance than someone with better credit. How Much Does Bad … [Read more...] about Does Bad Credit Affect Car Insurance Premiums?
Many people mistakenly think that they do not need to create a will. It typically stems from the belief that you do not have enough assets to justify it, or you incorrectly assuming that your assets will pass to your spouse of loved ones. Each state is different as to who receives your property when you die without a will. If you want to ensure that your wishes are carried out, then you need to have a will in place. Getting a will does not have to be a long drawn out affair with lawyers like most people assume. Three Reasons You Need … [Read more...] about Why You Need To Create A Will To Protect Your Family