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Posts by Jess Ullrich:
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 loan from your policy, withdraw the cash value it’s accrued over time, use a living benefit rider or sell your policy. A financial advisor can help you integrate a life insurance policy into your financial plan. Find an advisor today. Read more
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 aside, buying a home is generally considered a safe investment. But there are some important risks to consider and your individual plans also play a role. In general, though, when you put your money towards buying a home, you can see a return on your investment over time. Here’s why buying a house could be a good investment. You can also consult with a financial advisor to see if it’s a good investment for you. Read more
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 considerably since the 1990s. In fact, 10% of all divorces now involve couples age 65 and older, according to the American Bar Association. Going through a divorce after retiring can be complicated, as you’ve likely spent many years saving and planning for your future as a couple. You and your spouse may have already begun collecting Social Security benefits and drawing down your pension or retirement savings, making these assets trickier to parse out. A financial advisor can help you map out your finances and plan for retirement after your divorce. Read more
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… Read more
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… Read more
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… Read more
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… Read more
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… Read more
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… Read more
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… Read more
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… Read more
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,… Read more
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… Read more
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… Read more
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… Read more
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