My Financial GPS
A program called My Financial GPS that helps guide you through your financial options. It always helps you work towards the quickest mathematical solution to zero debt by utilizing banking principals to strategically payoff debt without having to increase your monthly expenses.
The more you know, the better choices you will make. This is especially important when it comes to financial decisions. You need to do your homework not only to find the best answers for your situation, but also to discover questions that you didn't even know to ask!
Are you just deferring taxes? What if tax rates go up in the future? Is your retirement plan tax efficient? What if there were a way to opt out of the tax system with your retirement savings? Interested? You should be. Taxes will have a major effect on your retirement NET, SPENDABLE INCOME.
Most people purchase life insurance to provide a legacy of financial security at the time of their death. But doesn't it make sense for the benefits to extend and be available for the difficult financial times they have to face if a chronic, critical or terminal illness precedes death? The industry calls the benefit an "Accelerated Death Benefit Rider." We refer to it as real Living Benefits.
Retired military service members and veterans have an option to convert to VGLI (Veterans' Group Life Insurance) upon leaving active duty. VGLI is guaranteed available to you regardless of health for the first 120 days after you leave service. For one year after that you can still obtain VGLI, but you will have to answer health questions. VGLI starts out fairly inexpensive, but starting at age 30, it increases in price every 5 years. The cost becomes quite expensive as you become older. Spouse and child coverage under SGLI cannot be converted to VGLI. If a veteran is relatively healthy, he or she can save tens of thousands of dollars over a lifetime by shopping around. The same can be said for Federal Employee's FEGLI Option B coverage. As you get older it becomes extremely expensive. Always best to comparison shop.
SMART Consumer Group
The SMART Consumer Group (SCG) is an educational organization offering ideas to help you save more and spend less. Through this web site and our series of free workshops, SCG introduces the keys to being a SMART consumer.