Money Management Questions

Have questions about special needs trusts, Roth IRAs for children, or the proper age for you to start collecting social security? This article is for you! Liz Weston for the LA Times answers these questions and more about the best ways to preserve your income and leave the most lucrative inheritances for your family.

What is a special needs trust and how does it work?

Make the Most of Your Money

Want some creative ways to save money, preserve your savings, and even earn extra cash?
Try these tips:
Use a debit card that pays you for every purchase.
Be sure you’re not overspending on items.
Comparison shop for car insurance twice a year.
Invest in the stock market. It doesn’t take as much money as you might think.
Earn extra money with InboxDollars.com.
Purchase life insurance.
Add points to your credit score.
Try the real estate business.

Read more here. 8 Strange Money Moves to Make Before Tomorrow Ends

Best Practices Financial Q & A

Ever wonder about the best way to handle certain financial needs? Liz Weston for LA Times Business offers insight into these three situations: hospital bills, home ownership, and retirement savings. Read more for quick tips that can help you make the most of your money. For example, did you know that most hospitals offer financial assistance at low or no interest to patients who qualify?

Here’s why you shouldn’t put that huge hospital bill on a credit card

Living Off Your 401K?

Recently unemployed? Considering dipping into your 401K to stay afloat?  Here are some options to consider. Fees are waived for withdrawals made from 401K accounts. Taxes must be paid but can be spread over three years. These are some of the most lenient restrictions ever imposed. Even if you decide not take money out of your account, you may want to consider moving your 401K into an IRA.  Mark Miller for the New York Times in his article, Lost Your Job but Still Have a 401(k)? Here’s What to Do With It, offers advice and tips on best managing your retirement funds and money for daily living during this turbulent time.

How To Manage Your Money When Illness Strikes

FullSizeRender-27No one wants to think about major healthcare crises, but there are ways to ease the financial impact that these unexpected events often cause.  In the article, 4 Ways to Help Clients Plan for Unexpected Medical Expenses, an AICPA blogger offers insight into dealing with illness, Medicare, health savings accounts and proper planning for the surviving partner.