These days, a greater number of people in long-term relationships are opting to live together without marriage. One reason may be the idea that if the couple splits up, they will not incur the property loss associated with divorce. It is true that, generally, a married couple has property rights not available to single, cohabitating […]
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One of the few things people know about Social Security is that contribution is mandatory, and when they get old enough to retire, they will receive a certain amount of money per month as long as they live. An annuity has some similarities; when properly designed, it can provide guaranteed income in retirement and help […]
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Your home is one of the largest investments you will make during your lifetime. There are so many decisions, such as location, style, construction type and whether to buy an existing home or build a new one. Then comes the price tag, including closing costs, monthly financing, attorney fees, utility deposits and the dreaded insurance […]
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Starting your business gives you plenty to do and think about. You must develop a legal corporate structure, set up your tax ID, register with the state, determine a location, hire staff, set up your accounting system and buy insurance. Each industry is different, but the best way to start is to understand the specific […]
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Financial planning without life insurance is like rearranging the deck chairs on the Titanic. For life insurance to make a difference in your financial plan, you must buy it and keep it. One of the first things you should do is go to lifehappens.org and click on the “calculators” tab. This tab has options to […]
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If a person dies suddenly without a last will and testament, the Mississippi intestacy laws govern what happens to the assets that pass through the decedent’s estate probate process. That is why you often hear people say “the state” decides who gets the assets if you don’t have a will. Without a valid last will […]
With businesses closed, work hours reduced and jobs eliminated due to Covid-19, many people now find themselves in the grip of a financial crisis. Even before the pandemic, America had a savings and retirement problem. Statistics tell us that 45 percent of American workers have no retirement savings, and according to the Federal Reserve, over […]
