Mark Henricks has reported on personal finance, investing, retirement, entrepreneurship and other topics for more than 30 years. His freelance byline has appeared on CNBC.com and in The Wall Street Journal, The New York Times, The Washington Post, Kiplinger’s Personal Finance and other leading publications. Mark has written books including, “Not Just A Living: The Complete Guide to Creating a Business That Gives You A Life.” His favorite reporting is the kind that helps ordinary people increase their personal wealth and life satisfaction. A graduate of the University of Texas journalism program, he lives in Austin, Texas. In his spare time he enjoys reading, volunteering, performing in an acoustic music duo, whitewater kayaking, wilderness backpacking and competing in triathlons.
Life insurance helps protects family members and others against the financial impact of the policyholder’s death. While many people don’t have life insurance, it can be a good idea for many others looking to protect their family’s future. Primary earners with families, especially minor children and non-working spouses are among the best life insurance candidates, for example. Those with sizable debts or who wish to leave a financial legacy by supporting charities may also have good reasons to buy life insurance. To help you with all your insurance and financial decisions, talk to a financial advisor. Read more
Impact investing is a strategy that aims to create a positive social or environmental impact while also providing competitive financial returns. Impact investors may buy shares of a company that promotes women more frequently than other firms or avoid purchasing bonds issued by a weapons manufacturer. Unlike philanthropy, which seeks to advance a social or other agenda by donating money without hope of financial gain, impact investing requires a financial return comparable to other investments. Impact investors also often require some sort of measurement of the effect of their investments on their social or environmental goals. For help with your impact investing decisions, consider working with a financial advisor. Read more
A co-op, or cooperative, is a housing arrangement in which residents of a building with multiple apartment-style units own the building jointly. Residents don’t actually own the specific individual unit where each resides but, instead, they own shares in a corporation that owns the entire building. While reserving use of their own units to themselves, residents can freely use common areas, such as lobbies and laundry facilities, that are owned by the corporation. Co-ops are mostly found in the older urban cores of large cities such as New York and Chicago. Ask a financial advisor for help with homebuying and other major economic decisions. Read more
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