When it comes to choosing a life insurance policy, universal life insurance is a popular option because of its flexibility and potential for cash value growth. With universal life insurance, policyholders can adjust their coverage, premiums, and savings components to better suit their individual...

More people are considering Universal life insurance policies as an investment vehicle that may offer loans, dividend payments and life insurance payouts. One of the most popular life insurance policies you may have heard of is IUL or Index Universal Life that offer a cash value policy for loans...

In the coming years, a significant transfer of wealth is expected to occur as the silent and baby boomer generation passes on their assets to the next generation. This transfer of wealth presents a unique opportunity for adult children to inherit and grow their family's wealth, but it also comes...

Inheriting money from a 401k or an IRA can be a significant windfall for many people. The temptation to spend this money may be strong, especially if you have been struggling financially or if you have big-ticket items on your wish list. However, spending the money inherited from a 401k or IRA...

In today's digital age, it may come as a surprise to many that a significant portion of the American population remains unbanked. According to recent statistics, approximately 7.1 million households in the United States do not have a bank account. This means that nearly 5.4% of American...

As financial planning becomes an increasingly important aspect of our lives, many individuals are looking for ways to maximize their retirement savings and minimize their tax liabilities. One popular strategy that is often considered is converting a traditional Individual Retirement Account (IRA)...

Many people believe that keeping their money in a big bank is the safest and most secure option. However, when it comes to larger sums of money, such as $10,000 or more, big banks may not always be the best choice. There are several reasons why storing such a large amount of money in a big bank...

Let's discuss the importance of maintaining a good credit score even if you're not planning to make any significant purchases or apply for new credit. I will share my personal experience of not understanding the value of a good credit score in my 20s while emphasizing the importance of being...

Hello everyone, Sheila here, your dollar strategies coach! Let’s talk about credit cards, particularly how to use them to your advantage to boost your credit score. Here are some key strategies and answers to common questions related to credit card use.  

The 30% Rule: Managing Your...

How can you enjoy credit card perks without drowning in high-interest debt? The key to harnessing the power of credit cards lies in paying off your balances in full each month. By doing so, you eliminate interest charges and avoid carrying over debt, keeping your financial health in check. This...

Understanding the average return on investments like 401k, Roth IRA, and direct stock investments is critical for informed decision-making. This blog post will help you compare potential investment gains or losses, offering clarity on how different investment options might perform for you. This...

Thinking about dipping into your 401(k) for some quick cash? Think again! Before you make a move that could impact your financial future you need to make some crucial considerations about borrowing from your 401(k), from understanding the hefty penalties and taxes to recognizing...