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Financial Life Hacks For High Schoolers and Young Adults

Finances may be a dull yet essential part of life, mastering you money opens pathways to achieveing your goals and to your future. Financial literacy is “having a basic understanding of your money, where it’s coming from, and where it’s being spent.”Read on to learn more. “Whether you are living paycheck to paycheck or looking…

Database of State Incentives for Renewables and Efficiency

The recently passed Inflation Reduction Act offers numerous tax incentives for improving the energy efficiency of buildings and rebates on electric vehicles. This website: https://www.dsireusa.org/ has links to the opportunities in each state or you can search by zipcode. Many of the incentives are for businesses as well as consumers. One example of a nation-wide…

Last Chance to Buy I-Bonds Paying 9.62%

I-Bond rates change each May 1 and November 1, based on inflation during the prior 6 months. While the media are saturated with news about how bad inflation is, the reality is that rates on new I-bonds purchased November 1, 2021 – April 30, 2023 will decline to about 6%. So you have just a…

Considering Studying Abroad?

50 facts and statistics about the most popular countries to study abroad https://moneytransfers.com/study-abroad-facts-and-stats/ in 2022 If you or your child is considering study abroad, this publication provides a great overview of the reasons for study abroad and a variety of statistics. Check out https://moneytransfers.com/study-abroad-facts-and-stats/ “It’s often said that your university years are some of the…

Avoid Predatory Lending

How to Avoid Predatory Lending: A Practical Guide for Financial Consumers Knowing what’s a good deal and what’s not with personal loans is challenging. Predatory lending takes advantage of this by offering tempting deals that wind up being too good to be true. So it’s essential to know what to look for to avoid becoming…

Don’t Move to Another State Just to Reduce Your Taxes

 “We know lots of friends who are considering moving from a high-tax state, such as New York, to a state with low or no state income taxes. They think they will end up with more money, although they are torn because they may also be moving away from family and friends just to escape state…

Responsibilities of an estate executor

“An executor is responsible for sorting out finances such as assets, liabilities, taxes, etc. of the deceased and distributing the assets to the heirs. An executor is not required to be legal or financial expert but takes on a fiduciary duty by maintaining highest degree of trust, impartiality, good faith, diligence and honesty” explains Komal Matwani,…

Widow Brain: What To Expect After Your Spouse Dies & 9 Ideas to Help

Elliott Appel provides the following perspective and advice: “Losing a spouse and becoming a widow is a life changing and emotional experience.  Emotions come and go: anger, fear, sadness, grief, loneliness, pain, shock, guilt, worry, and more.  Brain fog, or “widow brain” can appear, causing even more frustration.  Let me begin by saying everyone experiences…

7 Steps to Estimating Your In-Retirement Cash Flow Needs

 Like many of my posts I’m sharing links to excellent advice from other writers. Christine Benz from Morningstar offers suggestions on how to plan for spending needs in retirement.  “Ultimately, it may be difficult to forecast your actual income-replacement needs with a great deal of precision. Even as you attempt to anticipate every in-retirement expense…

Medicare Eligibility for People with Disabilities

Many people think of Medicare as a program for people who are 65 and older. While this is true, some may not know that a younger person with a disability can also qualify for Medicare coverage. Not every disability is a qualifying one, so it’s important to understand if you meet the requirements before you…