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Jess Ullrich

Posts by Jess Ullrich

4 Ways to Use Life Insurance While You're Alive
Life Insurance

4 Ways to Use Life Insurance While You’re Alive

Life insurance is often regarded as financial protection for surviving family members after a policyholder’s death. But depending on the type of policy you have, you may also benefit from your coverage while you’re alive. You could potentially take a… read more…

is a house an investment
Mortgage

Is a House an Investment?

It can be a complicated decision to determine if you should rent or buy a home. And if you’re leaning toward buying, high housing prices and high mortgage rates are likely making that decision even more difficult. Current economic conditions… read more…

How to Navigate a Divorce After You Retire
Retirement

How to Navigate a Divorce After You Retire

Retirement is a major milestone that most couples look forward to. But some couples find the transition to retirement negatively impacts their marriage, sometimes resulting in irreconcilable differences and divorce. Rates of late-in-life divorce, also called “gray” divorce, have risen… read more…

roth ira emergency fund
Retirement

How to Use a Roth IRA as an Emergency Fund

Building an emergency fund is essential so you don’t run into financial trouble if you lose your job or unexpected expense crops up. But keeping your emergency fund in a traditional savings account may not be the best solution. To… read more…

SmartAsset: What Are Unrealized Gains?
Investing

What Are Unrealized Gains? Investment Guide

Like most investors, you’ve probably watched your investment account balance fluctuate depending on market conditions, company or fund performance and other factors. Of course, you’d likely prefer to see your account balance grow rather than shrink. It’s exciting to see… read more…

tax deductible insurance
Taxes

Guide to Tax Deductions Related to Insurance

Claiming tax deductions you’re eligible for is an effective way to reduce your tax burden. But identifying all the deductions available to you can be challenging and you can’t claim deductions if you don’t know they exist. You may be… read more…

alternatives to annuities
Retirement

Alternatives to Annuities for Retirement Income

Annuities are a popular choice for retirees concerned they might outlive their retirement savings. These retirement savings vehicles work a bit differently than traditional or Roth retirement accounts. Instead, annuities are a type of contract you enter into with an… read more…

broker in insurance
Insurance

What Is an Insurance Broker?

If you’re shopping for homeowners insurance, auto insurance, life insurance or another type of policy, you’ll probably notice there are a ton of options out there. Narrowing down which insurer and coverage levels are suitable for your situation can be… read more…

how to go to college debt free
Financial Advisor

How to Go to College Debt-Free

Education is an important milestone to kick off your career, but college tuition is no longer affordable for many families. As tuition costs have increased, people have become more reliant on student loans to offset their higher education costs. Fortunately,… read more…

betterment vs sofi
Investing

Pros and Cons of Betterment vs. SoFi Invest

Betterment and SoFi Invest make it simple to start investing, with each offering low-cost, fairly intuitive automated investing solutions. As a pioneer in the robo-advisor space, Betterment’s core offering has focused on automated investing since its founding in 2008. SoFi… read more…

gifting savings bonds
Investing

How to Give Savings Bonds as a Gift

Savings bonds are generally considered a safe investment that could grow over time. And certain savings bonds offer high-interest rates during periods of high inflation, making them even more attractive to potential investors in 2022. You can either purchase savings… read more…

SmartAsset: What Is the Expected Family Contribution (EFC)?
Financial Advisor

What Is the Expected Family Contribution (EFC)?

If you’re relying on federal student loans to help you pay for college, you’ll first need to complete your Free Application for Federal Student Aid (FAFSA). The information you provide on the FAFSA, including your family’s assets, will help determine… read more…

SmartAsset: How to Pay for Nursing Home Care With Social Security
Retirement

How to Pay for Nursing Home Care With Social Security

According to a recent study by Genworth Financial, the median cost of nursing home care in the United States was $8,910 per month for a private room and $7,800 per month for a semi-private room in 2021. These costs are… read more…

SmartAsset: How Commission Income Is Taxed
Taxes

How Commission Income Is Taxed

Earning a commission income is like the icing on the cake for a job well done. Whether you’re a sales manager that’s just closed a major deal or a real estate agent who’s recently sold a high-end home, your commission… read more…

SmartAsset: How the 529 Grandparent Loophole Works
Financial Advisor

How the 529 Grandparent Loophole Works

A 529 plan can be a powerful way to save for college, offering tax-free growth and other tax benefits. These accounts are so powerful, in fact, that many grandparents choose to open them for their grandchildren. In the past, there… read more…