In 2015 the average American spent $9,990 on healthcare. Compare that figure to $146 ($1164.55 with inflation calculated) in 19601 and it’s evident that healthcare costs have increased appreciably. Fortunately, there are pre-tax programs you can utilize to help lessen the burden of healthcare expenses.
Planning for our later years, or saving to accomplish certain goals, tend to be the primary focus for many in financial planning. Equally important, we believe, is the importance of incorporating life insurance strategies into a financial plan that will address specific needs such as providing for loved ones, or ensuring a business’ continuity, if and when one is gone.
You may not even know your tax identity has been stolen until you file your return. Only then do you find out that someone has already claimed a refund – in your name. This type of fraud is a serious problem, and is getting worse. Here's what you need to know
We recently surveyed a few of our clients to find out what led them to partner with an Advisor for the first time. Based on this feedback we identified four key questions to ask yourself about your financial life. Are you in any of these situations? How would you answer these questions?
The first step to improving your financial foundation is to have an honest understanding of your current financial condition. To help we created The Six8 Advisors Financial Health Quiz.
If you have never worked with a financial advisor, then you may be wondering why start now. The truth is that having a guide, a coach, a confidant, a voice of reason... can make the process of setting financial goals, tracking your progress, and managing your investments less stressful and often more successful.
One of the key components of the Employee Retirement Income Act of 1974, Individual Retirement Accounts, or IRAs, were created as a means to help individuals save for retirement in a tax advantaged way. Originally restricted to individuals who were not covered by an employer sponsored retirement plan, in the years since their inception, legislation has eased the restrictions on IRA eligibility, and “traditional IRAs” as they are now known, are currently available as a retirement savings vehicle for most all taxpayers age 70½ or under.
The kids are grown and the house is paid off. So, your life insurance policy may seem to have outlived its purpose. You may be tempted to cash it in or let it lapse. Rather than give up the protection you’ve paid for over the years, why not repurpose it for another financial need — long-term care?