Financial Planning Blog & Articles

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Millennials & Their Money: 5 tips to help you save your first $1,000

Photo courtesy of pixabay

by Maurie Backman for The Motley Fool

If you’ve yet to save your first $1,000, take comfort in the fact that you’re in good company. An estimated 69% of Americans have less than $1,000 in a savings account, and 34% have absolutely no savings at all.

Whether your lack of savings stems from too many bills or not enough self control, here are five tips to help you finally hit that goal.


Read more here.

Buying a New Car? Asking These Questions Might Save You Money on Your Auto Insurance

Photo courtesy of Pixabay

Prepared by Broadridge Investor Communication Solutions, Inc.

The price of your new vehicle, not how much you’ll pay to insure it, is your main concern when you’re shopping for a new car. But a vehicle whose price seems right at the dealership may end up costing you a lot more than you expect once you factor in the cost of insuring it.

How much will it cost to insure the vehicle?

Before you put down a deposit or sign a purchase agreement at the dealership, find out how much it will cost to insure your new vehicle. Auto insurance premiums are based in part on a vehicle’s sticker price and the likelihood that it will be damaged in a crash, stolen, or have high repair costs. You can save a substantial amount of money each year if you buy a vehicle that has a good safety and repair record, especially if you live in a state where auto insurance premiums are high.

Get quotes from several insurers, though. The cost of insuring the vehicle of your dreams may be higher at one company than another. Premium rates depend in part on the insurer’s claims experience with the particular model you’re buying.

What safety features does the vehicle have?

If the vehicle you’re considering has certain safety features, such as anti-lock brakes, airbags, and daytime running lights, you may save money on your auto insurance. Insurers in many states offer discounts for these, and other, safety features.

Is the vehicle equipped with an anti-theft device?

Buying a vehicle equipped with an anti-theft device not only gives you peace of mind, but it can also save you money on your auto insurance. Insurers frequently offer discounts for anti-theft devices because they reduce the chance that the vehicle will be stolen.

But before you purchase an anti-theft device at the dealership, find out if your auto insurer offers a discount for the type of device you’re installing. Not all security devices (or discounts) are the same. For instance, your insurer may offer a larger discount for a vehicle equipped with a vehicle recovery system than for one equipped only with an alarm.

Does the vehicle manufacturer offer roadside assistance?

Many manufacturers now offer complimentary roadside assistance for a certain number of years to customers who purchase new vehicles (or certified used vehicles). Most of these plans include 24-hour customer service, towing, flat tire changes, and other services. If the vehicle you’re buying includes roadside assistance, you can save a few dollars every year by not purchasing this optional coverage from your auto insurer.



Broadridge Investor Communication Solutions, Inc., Mutual of Omaha Investor Services, Inc. and its representatives do not provide tax or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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Best Possible Retirement: 4 Things You Can Control

By Pam Krueger

Retirement is supposed to be an exciting new chapter in our lives. We’d like to think we can live well within our means once we stop working. But when we hear that most Americans will never be able to retire, our alarm bells go off – even when the rational side of our brain tells us to stay calm, that things will work out.

It doesn’t help to realize how much of the situation is completely out of our hands: ordinary individuals can’t change the direction of interest rates or stock prices. All the same, we have more control over how our retirement will play out than many people think, even as it’s about to start. Four decisions you make can have a huge impact on how comfortable you will be in this next chapter of your life. And they have nothing to do with the stock market or the economy.

Read more here.

Top Paying Freelance Jobs

By Tim Parker

Which are the top-paying freelance jobs of choice today? And do they allow a person to make a living solely as a freelancer?

Read more here.


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This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Registered representatives offer securities through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Investment advisor representatives offer advisory services through Mutual of Omaha Investor Services, Inc. Family Wealth Management and Mutual of Omaha Investor Services, Inc. are not affiliated.