Everything you need to take your finances into the 21st century.
Record Keeping Guidelines
Types of Life Insurance
Life Insurance Needs Worksheet
Life Insurance Retirement Plan
More Resources from Jonda
A pension is a regular payment received during a person's retirement from an investment fund to which that person or their employer has contributed during their working life. This is a retirement benefit that you cannot outlive and used to be quite popular. More than likely your parents and/or grandparents worked for a company for 30-40 years and retired with a pension; guaranteed income for...
Deflation is the opposite of inflation. It is the decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Let’s break that down. If the Federal Reserve wants to contract or reduce the amount of money consumers have to spend, they increase interest rates. As a result, consumers do not borrow as much money resulting in...
From 1987 to 1994, the Estate Tax Exemption was set at $600,000. If your estate was valued more than the exemption, you were assessed estate tax which could be as much as 55%. At that time, people often used their annual Gift Tax Exclusion to reduce the size of their estate and avoid estate tax. Over the last 30 years, the Estate Tax Exemption has increased to its 2024 level of $13.61 million...
Inflation is real and a serious threat to your retirement plan. Living comfortably on $8,000/month now could mean a second job 20 years from now considering historical inflation rates. In this post, I want to cover three things you can do now to beat inflation later. That sounds simple but many of you have not considered the impact inflation will have on your retirement savings plans. If your...
It’s never easy losing a spouse to divorce but when it comes to receiving Social Security Benefits it could certainly have its advantages. Check this out from ssa.gov. If you are divorced, your ex-spouse can receive benefits based on your record (even if you have remarried) if: Your marriage lasted 10 years or longer. Your ex-spouse is unmarried. Your ex-spouse is age 62 or older. The benefit...
As I mentioned in another post, Life Insurance is not just about dying anymore. The policies today do so much more than they did even 10 years ago. It’s true. Life Insurance is designed to protect us from an untimely death and we’ve also learned that your death benefit can be advanced while you are alive for a Chronic, Critical or Terminal illness. But there’s more. Several years ago while...