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Why We Left Traditional Health Insurance

Family Balance Sheet

Health insurance is a touchy subject. Instead I’m writing about my family’s experience with traditional health insurance and how it has affected OUR finances. Let’s start at the beginning: Health insurance wasn’t always so stressful for me and my husband and to begin our story I need to go back a few years.

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What Can Go Wrong – Naming a Beneficiary

Prairie Eco-Thrifter

All of your estate planning needs to head in the same direction and should be reviewed in whole to insure that the distributions you intend to make are actually clear in the documents. Being the smart person you are, you you sign up for a 401K with company matching and do the right thing by starting to pump as much into it as possible.

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Totally Money Blog Carnival #18 – 6 Ways to Save Money Edition

Prairie Eco-Thrifter

Ramsay presents Borrowing From Your 401k. Among the many benefits afforded to many 401k participants is the ability to borrow funds from the account for personal purposes. Also, make sure you aren’t paying unnecessary fees for things like credit card insurance. South County Girl presents Car Insurance Changes Again, Part 2.

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How Long Should You Keep Financial Documents

Family Balance Sheet

However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. Any bills for big purchases like jewelry, appliances, computers, etc, should be kept permanently for insurance and warranty purposes.

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Carnival of Financial Planning – Money Management Edition #241 – June 15, 2012

Prairie Eco-Thrifter

PFP presents Tax Management posted at Pasadena Financial Advisor , saying, ” You should also consider how to “locate” your investment asset allocation with respect to more optimal taxation.” Insurance and Risk Mac Hildebrand presents What is catastrophic health insurance coverage?

Money 124
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Carnival of Financial Planning – Money Management Edition #236 – May 11, 2012

Prairie Eco-Thrifter

PFP presents Investment Tax Management posted at Pasadena Financial Planner , saying, ” As you move your cash, bond, and stock financial assets into lower cost, more broadly diversified investment mutual funds and/or ETFs, you should also consider how to “locate” your investment asset allocation with respect to more optimal taxation.”

Money 113
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Seven Retirement Lessons Learned

Prairie Eco-Thrifter

Health insurance is a bit more pricy than when employed, but less than a lot of other people pay. Remember to include taxes as an expense. However, I haven’t learned this lesson too well, as I still have the second plan, which is a 401K. We found that we could afford it (Happy, happy days!). Lesson Two – Exit Smartly.