article thumbnail

How to protect your Cash

MainStreet Financial Planning

Determining the total coverage for trust accounts can be more complex since you will have to examine beneficiary designations. FDIC also has a very useful calculator FDIC’s Electronic Deposit Insurance Estimator (EDIE). Are my Retirement Accounts, such as IRA, 401k, or Investment Brokerage Insured?

article thumbnail

The SVB Situation and Your Financial Picture

Integrity Financial Planning

If you have bank accounts covered by the FDIC of under $250,000 (or $500,000 for a jointly owned account with your spouse), your money is legally insured from a potential bank failure. IRAs, trusts, and other accounts are also subject to limits on coverage amounts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Homeowners Insurance Companies of 2022 – Updated for December

Good Financial Cents

Because Lemonade uses newer technology, it can provide speedy insurance quotes with just a few clicks of a button. Although the bulk of its insurance claims are handled electronically, Lemonade also offers human customer service agents who can answer questions along the way. What Doesn’t Home Insurance Cover?

article thumbnail

How Much Does A Million Dollar Life Insurance Policy Cost?

Good Financial Cents

This alone can require a $1 million life insurance policy. Also, keep in mind that most insurance companies have a maximum multiplier you can apply to your income for life insurance coverage. For example, it wouldn’t make much sense for a 22-year-old making $27,000 per year to get a $2 million life insurance.

article thumbnail

Why do Physicians Need Financial Advisors and How to Find Them

WiserAdvisor

This often leads to the acquisition of luxury items, expensive electronics, big homes, high-end vehicles, extravagant vacations, and various other indulgences. They are exposed to the potential threat of lawsuits from patients, which is why they need comprehensive insurance coverage.

article thumbnail

12 Steps To Creating A Solid Financial Plan For Yourself

Clever Girl Finance

your short, mid-term, and long-term goals) The right types of insurance coverage (Life, health, disability, home, etc.) Insurance is essentially your backup plan, protecting your assets in the event a life circumstance occurs that requires a large amount of money to resolve.

article thumbnail

6 Financial Planning Mistakes Physicians Make

WiserAdvisor

More often than not, people are drawn toward luxury items, expensive electronics, cars, lavish vacations, and other extravagant indulgences. Overspending and lifestyle inflation Physicians may overspend and be affected by lifestyle inflation. When people fall into a high-income bracket, their needs and desires gradually increase.