Lower Car Insurance With These 4 Tips

(FinancialHealth.net) - Automobile insurance is a must-have when it comes to responsible car ownership. In most cases, it covers you in the event of an accident, whether you're to blame or not. However, there's a good chance that you're not paying the lowest premium that you could be. Many people don't take advantage of discounts and cost-saving methods that are...

Retirement: How Many Years of Annual Income Should Be Saved?

You Should Save at Least ___ Times Your Highest Annual Income for Retirement
Smart Quiz: Retirement: How Many Years of Annual Income Should Be Saved? 20 5 15 10 Answer: 10 (FinancialHealth.net) - Are you on track to live a comfortable life after you retire? Financial experts recommend having at least 10 years of income, based on your annual earnings, saved for retirement. What would you need to save each year to have enough...

Why Set Up a Trust Before Retirement

Why Set Up a Trust Before Retirement
(FinancialHealth.net) - When is a good time to set up a trust? After retirement might seem like the obvious answer, but there are plenty of reasons to set one up earlier than that. Trusts aren’t just about the distribution of assets at the time of the grantor’s, or owner’s, death. The truth is, a trust can also be used...

Medicaid Can Go Back _ Years to Seize Assets to Pay for Long Term Care

How Far Back Can Medicaid Go to Seize Assets to Pay for Long Term Care?
Smart Quiz: Medicaid Can Go Back _ Years to Seize Assets to Pay for Long Term Care a. 7 years b. 2 years c. 5 years d. 1 year Answer: 5 years (FinancialHealth.net) - Advances in medicine means people are living longer, but it’s also leading to the need for long term care. Even the best insurance only covers limited hospitalization and recovery periods. A...

4 Changes That Can Save Money

Think Outside the Box to Spend Less (FinancialHealth.net) - Sometimes what everyone else is doing simply isn’t good enough. For those with serious financial goals to accomplish, saving more money might require thinking outside the box. These are financial tips for those who are already switching to LED, clipping coupons, carpooling to work and making car improvements to save on gas....

What You Can Give Away Without Triggering the Gift Tax

Up to $15,000 Per Person Per Calendar Year (2019-2020) Is Safe From the Gift Tax Many people choose to gift assets to members of their family (or even friends and partners) over the course of their lifetime. Usually, this is part of their financial planning efforts. While it can be a great way to distribute wealth and avoid paying estate...

5 Often Overlooked Tax Exemptions

Which Type of Account Saves Pre-Tax Dollars?
When It Comes to Tax Time, Every Little Bit Helps! When it comes to tax time, everyone wants to get the most out of their return by minimizing what they owe. Most people get some type of refund, depending on their financial circumstances. Claiming all possible deductions ensures the taxpayer’s money is actually working for them. Check out these five...

Beware This Major Telephone Scam

The Only Time It’s OK To Give Out Personal Financial Information Over The Phone Is When…
(FinancialHealth.net) -  Calls from sophisticated scam artists often appear to come from a legitimate bank on Caller ID. The caller might even seem to have access to private financial data, such as banking account numbers, home addresses, employment status, maiden names, or the individual's date of birth. But that doesn't mean you should trust them. Scammers can access almost anyone's personal...

5 Simple Money Saving Tips

You Can Save Money When...
(FinancialHealth.net) - Imagine if you had extra cash left over at the end of the month and all the bills were paid. Even a few extra dollars can seem like a lot if you've been struggling to make ends meet. No matter what your financial situation you can decide to start saving money, right now. Cutting back on expenses, finding...

4 Medical Expenses You Can’t Deduct

(FinancialHealth.net) - It’s that time of year again, time to think about filing our taxes. Those who receive a lot of medical care throughout the year will definitely want to consider all the deductions available to reduce how much they owe. There are several expenses that can be claimed on a 1040 schedule A, but which ones should you NOT...

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Popular Gas and Electric Collection Scams Involve Agents Demanding a Payment

New Utility Company Scam — Agents Demanding A Payment By…

Smart Quiz: New Utility Company Scam Involve Agents Demanding A Payment... a. By Email b. By Postal Mail c. By Text d. By Phone Answer: By Phone It’s the hottest...