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Being your personal boss carries sure benefits, however a wealthy advantages package deal isn’t amongst them. Self-employed people put on many hats – gross sales, customer support, HR, advertising, and even IT. It appears every little thing will depend on you. However what occurs when a severe damage or sickness prevents working for prolonged durations of time? How do payments receives a commission with out earnings? In the identical method that many companies present incapacity insurance coverage to guard staff from such occasions, incapacity earnings insurance coverage is obtainable for self-employed people. Claims Examples The commonest causes of long-term incapacity…
One of many good issues about beginning my new job (don’t fear, extra to return on this in a future put up) is that I’ve been capable of lower my bike commute right down to a extremely comfy distance. What was as soon as an 8-mile, 45-minute bike trip to work has now been decreased to a 3-mile, 15-minute leisure cruise. It’s fairly good. When bike commuting turns into a standard a part of your routine, you kind of overlook that for most individuals, biking is one thing out of the bizarre. Even in Minneapolis – some of the bike…
Just a few weeks in the past, I lastly went forward and made my 2017 tax-year contribution to my Solo 401k. Being the lazy man that I’m, I ended up making my contribution on the final minute, actually overnighting a cashiers test to my Solo 401k firm in order that I may meet the contribution deadline (I utilized for a tax extension again in April, so my 2017 Solo 401k contribution deadline was October 15, 2018). This newest contribution marks the second yr that I’ve contributed to my Solo 401k – I made my first contribution final yr after I realized…
The very best job that I ever had was at a small, public golf course by my home. It was a reasonably crappy golf course – poorly maintained, no services past a small placing inexperienced and an outdated professional store, and a stupidly troublesome again 9 the place I misplaced a whole lot of golf balls. I labored at that golf course each summer season throughout school, in addition to within the 12 months between once I graduated school and earlier than I began legislation faculty. The job paid minimal wage, however the cash wasn’t actually vital to me again…
Long-term care insurance protects life savings and assets as we age. More than half of those over the age of sixty-five will need long-term care services 1, and these services are not covered by healthcare or Medicare. In fact, one in six people will spend over $100,000 2, whether it be for care in the home, in an assisted living facility, or in a nursing home, and the average total cost for people using such services is $266,000 3. In truth, the median cost of a room in a nursing home is $108,405 per year 4. As costs of care…
Flood insurance is not covered by standard homeowners policies. If you’ve been a client of ours for long, you’ve no doubt heard this before but the point bears repeating. We regularly speak with clients who believe they have coverage under their homeowners policy for damage caused by flood. Rising water from too much rain? Not covered. River or creek overflows its banks? Not covered. Storm surge due to a surprise weather system? Not covered. The good news is flood coverage for homes is available through a separate flood insurance policy, but even this protection has limitations and restrictions. Let’s review…
When you’re working exhausting to search out nice offers and optimize your vacation purchasing, criminals are working exhausting to steal and use your bank card info. If you happen to haven’t skilled an unauthorized cost on a bank card but, you in all probability know somebody who’s been a sufferer of fraudulent bank card exercise. Thieves don’t look forward to the vacations to steal. However with additional fees on bank cards this time of 12 months – they possible get away with it extra. Warning Indicators of Credit score Card Fraud It’s possible you’ll not even notice somebody is…
As a mother or father, we at all times wish to do what’s finest for our youngsters. Paying for a school training is a troublesome option to make for a number of causes. However, nobody desires their children to be weighed down with tens of hundreds of {dollars} of scholar mortgage debt both. Positive, you’ll be able to wait till your child is sort of prepared to depart for school to fret about the way you or they may pay for it. However what if they cannot? What if the monetary burden of tuition is an excessive amount of?…
Many credit card companies offer rewards to attract new customers. And it works! A 2018 study found 79% of people choose credit cards for their rewards. But is it always a good idea to use credit cards for rewards? Once you sign up for a card, credit card companies hope you’ll continue to use it (and perhaps pay their high-interest rates, too!). Offering rewards pays off for the credit card companies. Credit card points and rewards can be beneficial to you too. They can certainly save you money—when you read the fine print and avoid costly mistakes! Before you…
This put up is sponsored by T. Rowe Value Our mission at Girls Who Cash is to supply reliable private finance info by writing leveled content material to assist folks irrespective of the place they’re on their monetary journey. We’re additionally dedicated to serving to folks discover correct and developmentally acceptable assets to show youngsters about cash. In keeping with a 2018 Dad and mom, Youngsters, and Cash survey executed by the funding agency, dad and mom play an enormous function in shaping their youngsters’s optimistic or destructive monetary habits. Although many colleges are adopting a monetary literacy curriculum,…