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Understanding Trump Accounts
A Trump Account is a tax-advantaged investment account designed to help a child build long-term savings. It works like a traditional IRA for a child, and special rules apply while the child is under age 18. These accounts were created under IRC §530A. This article is meant to help readers understand how Trump Accounts work and…
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Retirement Basics
Experts suggest that every person needs between 70% and 85% of their pre-retirement...
Everything You Need to Know About Chronic Illness Coverage
According to the CDC, six of every 10 adults in the United States have a chronic...
Common Reasons You Could Be Denied Life Insurance
Being denied for a life insurance policy can (and does) happen. Companies perform both...
Understanding Grace Periods
When many people think of grace periods, they think of them in terms of credit cards. A...
Advantages to Long-Term Care Planning
Situations requiring long-term care will most likely affect many of us in our lifetimes....
Budgeting Basics: Creating an Effective Spending Plan
The secret to budgeting is that there is no big secret to budgeting. It begins with...