Archives for Lifestyle

How a Furlough (or Layoff) Affects Your Finances…and Retirement

  Here are six things you need to know if you or a family member has been furloughed—or laid off—from their job A furlough is an unpaid leave of absence. You don’t report to work, you don’t get paid, and you may lose some of your benefits. Getting fired or laid off is different because it is permanent; whereas, being furloughed means your employer wants you back as soon as things get back to normal, typically at the same position and income level as before the furlough. Here are six things you should know:   Filing for unemployment Whether furloughed
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Categories: Financial Planning, Legislation, and Lifestyle.

Financial Vows for Money-Savvy Couples

February is a good time to celebrate your relationship with your significant other—and renew your commitment to your mutual financial success. Here are some ideas to say “I do” to this month. Vow to protect yourselves from emergencies During the government shutdown early this year we learned that 40% of Americans don’t have enough money set aside to handle even a $400 emergency. Whether you determine you want an amount equal to six months’ or 12 months’ worth of living expenses, vow to set aside an emergency fund in liquid, readily-accessible accounts so that you have adequate cash on hand
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Categories: Financial Planning and Lifestyle.

Managing Your Finances

We work with dozens of people to help them create retirement plans. But in order to get to a successful retirement, there are thousands of small decisions along the way. Like, should you drive through your local coffee place and grab a latte this morning? Go with the office gang for lunch at that little bistro across the street, which usually costs you around $15? Should you order pizza delivered for dinner tonight because you didn’t go to the grocery store yesterday? Grab that new shirt because it’s 50% off? Sticking to a budget is the beginning of mastering your
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Categories: Financial Planning and Lifestyle.

5 Tips for Setting Better New Year’s Resolutions

If you typically give up on your goals by March, you’re not alone. Try these tips for 2019.  Go ahead and set them again. Even if you’re one of the majority of people who have set New Year’s Resolutions in the past but gave up on them within a few weeks, try again. Because there is good news about setting goals, even if you haven’t quite mastered the follow-through. According to one study published in the Journal of Clinical Psychology, people who set New Year’s resolutions are 10 times more likely to actually change their behavior than people who don’t
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Categories: Lifestyle.

Vacation Tips for the Traveler

Whether you’re planning a modest long-weekend trip or an elaborate European vacation, here are some tips for travel this summer. PACKING Consider borrowing luggage from a friend if you don’t travel often. Pack as lightly as possible—have no more than a week’s supply of fresh, washable, weather-appropriate clothing. If flying and checking luggage, mark the bags in some way so that they stand out in the airport baggage claim carousel (i.e. big pink ribbon), and make sure your current address and phone number are securely attached to the outside of bags in case they get lost. Speaking of lost luggage,
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Categories: Lifestyle.

Financial Resolution for 2018: Buy More Time!

When the New Year rolls around, many of us focus on making financial resolutions. These goals often include things like getting out of debt, saving more or negotiating a higher salary. These are all worthy endeavors and they all have something in common: The result of achieving any of these goals is reduced stress and happiness. But the fact is, limiting stress in your life can actually mean spending a little more money, too. The results of a study published earlier this year in the Proceedings of the National Academy of Sciences of the United States of America, suggests that
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Categories: Financial Literacy and Lifestyle.

How to Live Longer and Better: New Research.

Work Longer, Live Longer. People who retire early tend to die sooner than those who delay retirement, and recent research provides new proof. A 2016 study by Oregon State University provided some startling numbers. Researchers found that healthy adults who retired one year past age 65 had an 11 percent lower risk of death from all causes, even when taking into account demographic, lifestyle and health issues. Even adults who described themselves as unhealthy were likely to live longer if they kept working. “It may not apply to everybody, but we think work brings people a lot of economic and
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Categories: Lifestyle and Retirement.

New Year’s Resolutions: 17 Ideas for 2017

If you find yourself making the same old New Year’s Resolutions each and every year, we wanted to help shake things up a bit by offering you some new ideas you might want to add to your list of goals for 2017. Say “no” more. Let’s face it, we’re all busy. If there are things on your schedule that don’t edify you in any way, consider saying no to the next invitation. If that committee never really gets anything done or your friends just want to sit around and complain, give yourself permission to say “no” and do something else
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Categories: Lifestyle.

Remembering in the Month of May

Mother’s Day and Memorial Day both happen in May, and as we spend time with loved ones and remember those who’ve gone before us, it’s important to also consider our future legacy. The last thing you want to leave behind for your family is financial hardship.   We’ve put these quick tips together to remind you about some of the insurance and estate pitfalls we’ve seen–and can help you avoid!   Planning ahead and planning well for your family is one of the most loving things you can do.     Make sure you have the right amount of coverage
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Categories: Lifestyle.