I went to school for eight hours a day, but I knew that in the long run, I would make the same amount of money or less than the average person. Putting in my all for someone else’s company and making the same amount no matter how hard I worked. When I explain this to … Read more
Social Security Disability Insurance (SSDI) is a federal program that provides financial assistance to individuals who cannot work due to a severe, long-term disability. To qualify, applicants must have a medical condition that meets the Social Security Administration’s definition of disability and have earned enough work credits through their employment history. SSDI benefits are meant … Read more
Being responsible for someone else’s property after they die isn’t easy, let’s face it. One of the most important things to know if you’re an executor in someone else’s will or looking for information about the person who is taking care of your loved one’s estate is whether or not the executor gets paid. The … Read more
There is no more lucrative financial move than to have a teenager or young adult open a Roth IRA. Now I know that may be a hard sell. Suggesting someone that young open an investment account for their retirement does sound a bit, well, crazy. But it is crazy smart. And parents and grandparents who … Read more
Did you know that if you had $1 million in dollar bills, it would literally weigh a ton and take you about 12 days to count it all? No matter how you slice it, that’s a lot of money!. For a long time, a $1 million nest egg was the measure of retirement planning success. … Read more
Are you torn between paying down your mortgage faster or building up your retirement nest egg? You’re not alone! This financial dilemma keeps many Canadian homeowners up at night, wondering if they’re making the right call with their hard-earned dollars. As a financial advisor who’s helped countless families navigate this exact question, I want to … Read more
When designating beneficiaries for a retirement account, one option is to leave the money to a trust. In the financial world, estate planning lawyers and financial advisors have been arguing about the pros and cons of this path for a long time. Thinking about naming your revocable trust as the beneficiary of your IRA? You’re … Read more
Are you worried about creditors coming after your hard-earned money? You’re not alone Many people face financial challenges that might lead to debt collection efforts, including bank account garnishment The good news is that not all bank accounts can be touched by creditors. In this comprehensive guide, I’ll walk you through the types of bank … Read more
If you have an inherited IRA, you may have to either take out money every year, no matter what age you are when you open the account, or you may have to give away all the money in the account within a certain number of years, or sometimes you have to do both. If you’ve … Read more
Coming into some money is normally a cause for celebration – but could an inheritance or other surprise windfall disrupt government benefits that you may count on? Unfortunately, yes. While receiving an inheritance seems like it should help, not hurt, government program rules can mean extra assets cost you the monthly support checks you rely … Read more