Health Savings Accounts (HSAs) were established in 2003, as part of the Medicare Prescription Drug, Improvement, and Modernization Act, and have since become an increasingly popular option for consumers and employers seeking to manage their healthcare costs.
Having life insurance when you’re a caregiver can be a beneficial piece of long-term planning when it comes to the anticipated continued care of your loved one with special needs. Giving them the care and support they deserve is a lifelong commitment, so putting some safety nets in place can be that much more important — and complex.
Planning for significant life transitions is central to financial planning. As recent first-time parents, we can say with confidence that there may be no greater transition in life than starting a family.
Saving money is a big goal for all of us. So in a single-parent family, when one parent bears the responsibility of raising kids and making financial ends meet, saving for something like your own retirement might be further down the priority list compared to your other financial goals.