“Tropical Storm Eta’s record rainfall left behind flood-damaged homes across South Florida. And it also left behind a stark reminder that your property insurance policy may not have you covered.” “A lot of people don’t know that their homeowner’s or renter’s insurance doesn’t include flooding,” says Logan McFaddin of the American Property Casualty Insurance Association. […]
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Why A Juicy Auto Insurance Rebate May Be Headed Your Way
It’s not often you get money back. But billions of dollars in auto insurance rebates may be headed your way, according to the Insurance Information Institute. Industry sources say auto insurers will be giving back to policyholders $10.5 billion in premiums and benefits either as policy credits, percentage discounts, dividends, or added insurance coverages. One […]
Furlough Versus Layoff: What’s The Difference?
More than 22 million Americans filed for unemployment benefits over the last month, as scores of businesses scaled back their workforce in response to the COVID-19 pandemic. Unfortunately, some of our clients and their family members are among those suddenly sidelined. We’re helping them adjust to the new reality and make the financial accommodations called […]
How To Retire Early Without Losing Your Health Coverage
Almost every day, we talk to people who are at least considering retiring before their 65th birthday. 65 is, of course, the age at which you become eligible for Medicare. For many early retirees, their biggest concern is how to hang on to their health insurance until age 65 when they can sign up for Medicare. Here’s […]
It’s Medicare Open Season: Do You Need To Take Action?
If you are 65 or over, there’s an important deadline coming up you need to know about. It’s open enrollment season for Medicare, and it runs from October 15 to December 7. What does that mean? During the October 15 through December 7 annual enrollment period (AEP), you can make changes to your Medicare coverage for […]
Don’t Relax Quite Yet …..
We made it through Dorian, but don’t put away the hurricane supplies just yet. “Hurricanes love Florida in October,” say storm experts. “Florida is still a big target in October,” Colorado State University hurricane expert Phil Klotzbach told the Palm Beach Post. “The odds for Texas and the Carolinas get lower, but Florida is still […]
Getting Health Insurance Through Your Job? Typical Family Coverage Now Costs $20k
You know it’s expensive. But just how much does your health insurance actually cost in 2019? The cost of family coverage for the typical employer health plan just passed the $20,000 mark ($20,576 to be exact), according to the nonprofit Kaiser Family Foundation. Your employer, on average, is picking up 71% of the cost. That’s […]
Getting Ready For Hurricane Dorian: 5 Lessons We Learned From The Last Destructive Storms
Attention, East Coast residents. It’s hurricane season again! The season officially runs from June 1 to November 30, and Hurricane Dorian is already bearing down us in Florida. Two years ago, our state was hit by Hurricane Irma, the strongest storm ever recorded in the Atlantic Ocean. It killed over 75 people in Florida and caused […]
Workers Agree This Is The Most Valuable Employee Benefit
Is it a competitive salary? Extra vacation? Work/life balance? Or is it a big 401(k) match? Workers were asked what they feel is the most important employee benefit of all, and their answer may surprise you. They overwhelmingly said that health care coverage was the most valuable on-the-job perk. That’s the benefit that’s top of mind […]
Spotlight On HSA Accounts: Which Ones Are The Best?
You may have already heard that a Health Savings Account (HSA) is a great, tax-friendly way to cover those future medical bills. Think of it as something like an IRA for health care. But if you have a Health Savings Account (HSA), like I do, you’ve probably asked yourself more than once whether your account […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
