The signs aren’t looking too good for the American economy. We may have a recession that could go into 2024. It promises hard times for many people, and those facing bankruptcy will be the hardest hit. Bankruptcy happens for many reasons. It is embarrassing, but sudden emergency expenses sometimes drain…
Effective communication is a necessary quality for any employee benefit plan. It does not help if assistance is only provided with a webpage; employees have a right to expect more. Some issues require a person to be able to express individual concerns and seek remedies. An employee benefit that has…
Buying a home is a lesson in large-scale investing. A person goes into mortgage debt to purchase a home that will appreciate in value as the years go by. The first time anyone buys a house is a learning experience where major mistakes are possible. It helps to know who…
Group legal plans will offer services that help employees manage everyday legal situations. For example, the vendors will assist in drafting simple wills and living wills. Sometimes, the language could be more straightforward. For example, a plan member might need help figuring out who is an executor instead of someone…
Consumers rely on credit cards to make numerous transactions, and retailers encourage the use of plastic. It is convenient and easy to process, but identity theft is a severe problem. It is why credit monitoring is a critical service. Good credit monitoring can detect signs of identity theft, alert consumers…
Some significant changes in college debt will take place in the coming months. First, the US Supreme Court is expected to rule on the Biden Administration’s loan forgiveness plan on or about June 30. In addition, the student loan moratorium is due to expire on August 30. Either way, the…
An organization’s group health insurance plan protects an employee from the burden of the total cost of a surgery or medical procedure. However, it does not necessarily mean the employee pays nothing. There are copayments and deductibles that need to be met, and these can be substantial. Family coverage is…
A simple will is a testament to what a person wants to be done with their estate once they have died. The document is no more than six pages long and, if properly drafted, will ensure a person’s wishes are fulfilled. However, some things need to be in the paperwork…
Folks are easily exasperated by their experience with government agencies. People do not understand why everything is so complicated and sometimes give up on obtaining the needed services. However, there are reasons why government services are not readily obtained, and there are ways to get them successfully. The Biggest Problems …
College debt will cause a young employee to panic. A five- or six-figure loan obligation can compel anyone to make drastic decisions, including foregoing marriage or buying a house. However, there are ways to manage college debt that does not require destroying your financial future. One possibility is a repayment…