Tag Archives: expenses

More than one-third of Americans have little to no money saved for retirement. Most of them are part of generation X, who were most affected by the Great Recession of 2008.1 They lost almost half of their net wealth during a time when they carried hefty financial obligations including mortgages, aging parents, and children – […]

Saving for retirement to sustain your standard of living is a continual effort to prevent your quality of life from declining in later years. Unfortunately, for many retirees, this goal can be difficult to achieve. Even with planning, 52% of working-age households may not be able to sustain their lifestyles in retirement.1 You can take […]

Saving money before and during retirement so their standard of living doesn’t suffer is important for many retirees. Unfortunately, many Americans aren’t saving nearly enough and are falling short of setting aside adequate funds to support their retirement needs. The average retirement savings for people aged 56-61 is only $163,577. Meanwhile, retirees can spend nearly […]

Life insurance policies and annuities can be helpful in providing extra protection and income for you and your family. But you can also increase the value of these benefits with certain tax advantages that each investment provides. Here are some ways that life insurance and annuities provide you with tax benefits. Life Insurance Tax Benefits […]

Enjoying a comfortable retirement depends on how well you prepared ahead of time to support your desired lifestyle, and how well you keep a pulse on your financial well-being after you retire. You may need to check periodically to ensure you can continue to afford retirement and health-care needs, no matter how much planning you […]

Home loans often make up significant amounts of household debt, and reducing as much debt as possible before entering retirement can seem like a promising idea. But, as with many other financial questions, there is no precise answer; it all depends. The Consumer Financial Protection Bureau estimates that 30% of homeowners 65 and older—about 6.5 […]

Family Conversations: Financial Hardship & Life Changes When is the last time you talked about your insurance plan with your family? If you’re assuming that you should just take care of it yourself and avoid the conversation, think again. It can be hard to talk about what life would be like for your family if […]

Being free from the burden of debt might sound too good to be true, but it’s possible. Mindy McIntosh talks with Fox 66 Profitt Report: “Some people feel like financial independence is being very wealthy,” says Mindy, who has a simpler view of what it means to be financially free. “It’s more of ‘okay we […]

For teenagers, a summer job is the first taste of financial freedom. But parents have a job, too: teaching those teens financial responsibility. Financial professional Mindy McIntosh talked with WSMH FOX66 Profitt Report about how parents can provide an education with that first paycheck: 1. Everyday Expenses 2. Long-Term Savings 3. Very Long-Term Savings 4. […]

What started out as a financial-literacy awareness day more than a decade ago is now a month-long campaign that has been recognized by Congress every year since 2004. The program is designed to highlight the importance of financial literacy and teach people of all ages how to manage their money wisely. And, according to recent […]

Weddings are expensive – and not just for the bride and groom! Everybody seems to love a wedding but not everyone loves the price tag that comes with it. In fact, a recent survey shows guests are paying a little more than $700 per wedding this year – from new clothes to gifts to travel expenses. Financial […]