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Budgeting
(McNeely Content/Blog)
... measure your progress. How does the budgeting process work? The budgeting process begins with gathering the data that makes up your financial history. Next, you use this information to do a cash flow ...
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Establishing a Financial Safety Net
(McNeely Content/Blog)
... shouldn't consider lenders as a primary source for your cash reserve. Where to keep your cash reserve You'll want to make sure that your cash reserve is readily available when you need it. However, an ...
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Establishing a Budget
(McNeely Content/Blog)
... (e.g., entertainment, vacations, hobbies). You'll also want to make sure that you have identified any out-of-pattern expenses, such as holiday gifts, car maintenance, home repair, and so on. To make sure ...
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Are you planning to retire? Or will you be surprised?
(McNeely Content/general)
... are afraid to make a mistake with them. They may have an inheritance coming from their parents, but they are also concerned about their care. They may have some college funds for their kids, but are ...
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Health Insurance in Retirement
(McNeely Content/Blog)
... company or insurer that has been approved by Medicare. Unfortunately, Medicare won't cover all of your health-care expenses. For some types of care, you'll have to satisfy a deductible and make co-payments. ...
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Health Insurance for College Students
(McNeely Content/Blog)
... so if your child doesn't know his or her health-care options. You'll want to make sure that your child's health insurance is in place before you pack up the car. There are basically two ways to insure ...
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Gift and Estate Tax
(McNeely Content/Blog)
... you make, either during life or at death, to someone who is two or more generations below you, such as a grandchild. The GSTT is imposed in addition to, not instead of, federal gift tax or federal estate ...
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Immediate vs. Deferred Annuities
(McNeely Content/Blog)
... parties, and an annuity is purchased that provides that amount. Deferred annuities With a deferred annuity, you make a lump sum or a series of premium payments and defer the payout until some time in ...
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Funding a Business
(McNeely Content/Blog)
... obstacle is to find the right angels. There are many people out there who want to invest in small businesses, but it's not easy to find the right fit. If you opt for this route, make sure that all parties ...
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Evaluating a Job Offer
(McNeely Content/Blog)
... may be looking to make more money or seeking greater career opportunities. Or, you may be forced to look for new employment if your company restructures. Whatever the reason, you'll eventually be faced ...
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Fixed Annuity Contracts
(McNeely Content/Blog)
... A fixed annuity is a contract sold by an insurance company. The purchaser makes contributions (investments) into the annuity either as a lump sum (referred to as a single premium annuity) or over a period ...
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Understanding Long-Term Care Insurance
(McNeely Content/Blog)
... LTCI policies Before you buy LTCI, it's important to shop around and compare several policies. Read the Outline of Coverage portion of each policy carefully, and make sure you understand all of the benefits, ...
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The Roth 401(k)
(McNeely Content/Blog)
Employers can offer 401(k) plan participants the opportunity to make Roth 401(k) contributions. If you're lucky enough to work for an employer who offers this option, Roth contributions could play an important ...
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Wills: The Cornerstone of Your Estate Plan
(McNeely Content/Blog)
... you make to your beneficiaries are not reduced by taxes and other expenses, you can provide in your will that these costs be paid from your residuary estate. Or, you can specify which assets should be ...
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Working with a Financial Advisor
(McNeely Content/Blog)
... goals which addresses your current financial weaknesses and builds on your financial strengths * Make recommendations about specific products and services (many advisors are qualified to sell a range ...
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Sticker Shock: Creative Ways to Lower the Cost of College
(McNeely Content/Blog)
Even with all of your savvy college shopping and research about financial aid, college costs may still be prohibitive. At these prices, you expect you'll need to make substantial financial sacrifices to ...
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Advantages and Disadvantages of Self-Employment
(McNeely Content/Blog)
... a regular paycheck? When you're self-employed, you must be willing to make sacrifices for the sake of the job. You're going to work long hours, which means that you won't have as much time as you used ...
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401(k) Plans
(McNeely Content/Blog)
... What is a 401(k) plan? A 401(k) plan is an employer-sponsored retirement savings plan that offers significant tax benefits. You contribute to the plan via payroll deduction, which can make it easier ...
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Accidental Death and Dismemberment Insurance
(McNeely Content/Blog)
... receive a check. Lots of factors could make the insurance company decide what you suffered wasn't due to an accident. To be covered for life insurance, a death must occur within 90 days of an accident. ...
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ABCs of Auto Insurance
(McNeely Content/Blog)
... your coverage needs. B is for bodily injury coverage Bodily injury and property damage make up the portion of your policy known as liability coverage. This is mandatory in most states. If you cause ...
