Odds are that your home is the single most valuable investment that you own and the largest line item on your monthly budget. So, it only makes sense that you’d want to make sure it’s protected. What’s surprising is that many homeowners never think twice about their homeowner’s insurance policy, let alone read and understand it. They know how much it costs each year but probably couldn’t tell you what’s covered and the limits. BUT, knowing what is covered and what’s not can make all the difference when disaster strikes. Continue reading “Homeowner’s Insurance 101 – What you need to know”
If you haven’t heard about National Preparedness Month, which was started in 2004, now it the perfect time to learn about it and implement some of the key principles within your business. Even though the whole month of September is designated as National Preparedness Month, that doesn’t mean you should only revisit your emergency plans at that time, it’s a yearlong endeavor that takes some organization and teamwork. Even with warnings from the news and weather channels, you still never truly know when disaster will strike and the severity of the situation. Continue reading “September is National Preparedness Month. How is your business preparing?”
It’s certain that the next few years will see some significant changes in the American health insurance system. With price fluctuations and carriers coming in and out of the market, it’s been difficult for families to budget. Currently, there is one program that will help you reduce monthly fees and get a tax break: Health Savings Account (HSA). Here’s what you need to know about HSAs, and how they’re changing in 2017. Continue reading “Health Savings Accounts in 2017 — Your Questions Answered”
For families who are approaching that point in life when elderly parents are less and less able to care for themselves and increasingly in need of help, the task of deciding what to do and when to do it can produce wildly conflicted emotions—if not outright conflict—on all sides. But it need not. Confronting the need for new living arrangements forthrightly with all parties involved and at an early point in the aging process can help alleviate many of these issues, but the decisions can still be difficult, for the parents and for their adult children. To ease the potential for trauma—and drama—there are some things you can do. Continue reading “Estate Planning, Part 3 – Finding a Caring Environment for Elderly Parents”
One of the hardest tasks the adult children of elderly parents may have to do is to involve themselves in the legal and financial affairs of the parents. Issues of privacy, independence and judgment can quickly bubble to the surface and make a difficult situation worse. But it is important for everyone involved that these issues be clarified, especially if a parents’ memory and/or physical capacity are in decline. The financial and emotional well-being of the parents, the children, and the grand-children are often at stake. Continue reading “Estate Planning Part 2 – Helping Your Parents Get Their Affairs in Order”
We applaud the entrepreneurial spirit of those who take the plunge to start their own business. Whether you will be cleverly filling a retail niche or hanging a professional shingle, there are “must do’s” that apply to virtually all start-ups.
A key takeaway is that even if you are striking out on your own as a solo practitioner, you really do have to build a team to be effective and successful. Most of our tips involve making sure you have the right folks in place to support your nascent enterprise.
When planning your business, add these five “must do’s” to your agenda:
The trend toward employers offering high-deductible health plans (HDHP) — and no other option — seems here to stay, like it or not. HDHP coverage is growing at a 15% pace, annually. In 2005, such plans covered 1 million people. Now, they cover more than 15 million, including 10% of those in Connecticut who are under 65 and have private insurance.
Some consumers fear a HDHP because they worry about being on the hook for that deductible, should they need significant medical care. The silver lining, though, is the ability to pair an HDHP with a tax-advantaged Health Savings Account (HSA).