Top 5 Ways to Start to Saving for Retirement in Your 20s

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Make Retirement Less Stressful

The earlier you start saving for retirement, the better. When you’re in your 20s, saving for retirement in your 20s may feel like it’s a long way off, but it’s one of the most important steps you can take to ensure that your later years are comfortable. A GoBankingRates survey conducted in 2018 found that the majority of young millennials, referring to those who are between 18 and 24 years old, had less than $1000 saved, and nearly half hadn’t saved anything at all. While many people put off saving until they reach their 30s, with today’s economy and the uncertainty of social security, if you wait, you’ll likely find yourself way behind when you reach retirement age. If you’re … Read more

How Life Insurance Works and Your Employer’s Policy Is Not Enough

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Note – The following post about how life insurance works is sponsored by USAA. All opinions are my own. My wife and I have life insurance through our employers. But, here’s a secret Americans don’t talk about much – Our life insurance from our jobs isn’t always enough. In fact, most of the time it’s not enough coverage to protect our families should the unthinkable happen (the death of an income earner in the family). I’m in the US Army. I have Servicemembers Group Life Insurance (SGLI) to the turn of $400,000 in coverage. While SGLI’s $400k is a very generous term life insurance policy and it has very low premiums, it’s still not enough insurance coverage. I have four … Read more

Credit Scores vs. Credit Based Insurance Score – How Your Credit Affects Everything!

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Your credit score affects nearly everything finance-related in your life, from credit card and loan applications to even your romantic life. Unfortunately, the prominence of credit in our lives means that you could find yourself in quite a pinch if you ever miss a payment or two, consistently max out your credit cards, or have no lines of credit in your name yet. In order to keep your credit in good condition, it’s important to understand exactly what your credit score effects. It may seem obvious that a good credit score is well, a good thing to have, but studies have shown that many of us are a little delusional when it comes to how good our credit scores really … Read more

Financial Preparation Services Launches

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Financial Preparation Services of Irvine, California is dedicated to helping their clients find the best possible loan solution. They understand what it’s like to live with debt, and not all money lenders are honest and want you to be able to pay them back. In fact, recently, there are large-scale loan service providers that have come under fire for unethical actions involving how they treated their clients and actually made it harder for them to pay off their loans. As loan companies make money on interest that borrowers are paying, the longer it takes to pay back the loan, the more money they make on your interest payments. The services offered by the Financial Preparation Services team are 100% dedicated … Read more

Setting Up an Estate Plan – 10 Reasons to Do It Now

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Setting Up an Estate Plan

Famed pop musician Prince passed away suddenly in April 2016, felled by the opioid epidemic ravaging America. As fans across the world mourned, reports emerged that the “Purple One” had died intestate — without a will outlining his final wishes, nor a trust set up for the benefit of his heirs. Prince’s situation was further complicated by his lack of direct heirs. He had no living children, who’d normally stand to inherit his vast wealth. After months of contentious legal battles, Prince’s several surviving half-siblings walked away with the lion’s share of his fortune, shrunk considerably by legal fees. The whole mess could have been avoided with a comprehensive estate plan. To be fair, most of Prince’s A-list compatriots do … Read more

Five Red Flags Proper Bookkeeping Can Warn You About

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Save Money in Your Small Business

As a small business owner in today’s highly competitive economic climate, it’s vitally important to make sure your company’s financial records stay up to date. If you’ve been doing your own bookkeeping, but you notice that more than a week has gone by since the last time you reconciled your accounts receivable with your accounts payable, it’s probably time to begin thinking about outsourced bookkeeping. Outsourcing your bookkeeping will free up a lot of time that you may be able to spend more profitably to grow your business. This solution may also help you better identify warning signs that mean you need to change some of your business practices. Here are some bookkeeping red flags that should alert you to the … Read more