2014 is the first year that individuals in the U.S. may have to pay a penalty if they don’t have sufficient health insurance under the Affordable Care Act. If you have minimum essential coverage through your employer or that you’ve purchased on your own or through your state’s marketplace, you likely don’t need to worry […]
Archives for September 2014
Answer These 6 Questions before You Co-Sign a Loan for a Family Member
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What’s the simplest answer to whether you should co-sign a loan for a family member? “No.” That’s what all too many co-signers wish they had said when they were asked to co-sign a loan, even for an adult child or a parent. Co-signing a loan does not always turn out badly, however. There are times […]
Read This Before You Let Your ACA Plan Autorenew for 2015
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If you are enrolled in a health insurance plan you purchased through the Affordable Care Act exchanges (or marketplaces), your plan is set to autorenew this fall. You don’t have to do anything extra to keep your policy in force for 2015. That’s the good news. The bad news is that if you don’t look […]
How to Update and Correct Your FAFSA before It’s Too Late
Submit any necessary corrections to the student aid application FAFSA before the deadline this fall. If you filled out the FAFSA (Free Application for Federal Student Aid) earlier this year to apply for student aid, there’s a good chance you need to go back and make corrections to it now. It’s important to make the […]
Life Insurance: Something You Need, But Hope to Never Use
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What is it that you really need, but you hope to never use? The answer? Life insurance, of course. We want our family to be taken care of in the event of a tragedy, that’s why we purchase life insurance polices. But, at the same time, we hope to never cash in on a policy for ourselves […]
4 Common Money Mistakes Millennials Make
Ever kick yourself for not planning ahead financially or for making purchases you later regretted? You’re not alone. It’s easy to make a few missteps when you’re first starting out and learning how to stick to a budget. Although there are a few things other generations can learn from Millennials, here’s a look at four […]
5 Ways to Avoid Bumping Your Income into a Higher Tax Bracket
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What can you do to avoid paying higher tax rates when you have a year with more income? If your income level fluctuates from year to year, you may find yourself paying more than you expect at tax time. That’s because when you have higher income, your income may be bumped into another tax bracket, […]
