To figure out how much you money you take home each month, gather all your pay stubs, interest statements, child support payments and any other information that shows income earned. From those, you’ll want to calculate what’s called your net income, which is the amount your household actu...
Insurance premiums (health, liability, property) Employee salaries Utilities (phone, internet, electricity) Accounting and legal fees Loan payments These are the costs that stay relatively stable month to month, and you can usually predict them pretty accurately.Subtract all of these from your revenue...
Finally, what else do you expect from your health insurance provider? Hire them as you would for any other member of your team and consider at least three options to make the best choice for you. What unanswered questions do you have about buying a health insurance policy?
Most Americans struggle to figure out which health insurance plan will save them money. A studyof almost 24,000 employeesat a major Fortune 100 company found that 61% of them chose the wrong plan for their needs. The researchers at Carnegie Mellon University who conducted the study estimated ...
To figure out what type of insurance plan would best suit your needs, Pérez said you should make a list of all of your health concerns and then “identify which doctor or hospital provides your healthcare. Before making a decision, consider narrowing the list down to the providers who are...
Health insurance premiums Life insurance premiums Cable Internet Phone Cell phone Student loan repayment Car payment It is important to understand that “fixed” expenses aren’t always necessary expenses. Expenses like cable TV and your cell phone bill are optional expenses. Nevertheless, “fixed” ...
$3,500 a month is equivalent to $42,000 a year. You need enough term insurance so that if you were to pass away, you could invest the proceeds and earn $42,000 after tax. How do you calculate that? Glad you asked. You can figure this out by simply asking the question a bit dif...
Life insurance ridersare a way to get more benefits out of your policy. For example, some riders allow you to access a portion of the death benefit while you’re still living if you need it for health-related expenses. Others allow you to stop premium payments if you become disabled. ...
Reach Out to a Broker For Help Brooker pointed out that a qualified health insurance broker can take many of the steps above for you or help you do so. A health insurance broker or agent can help you figure out how to calculate income, even if you’re self-employed or retired...
Adjusted gross income or AGI is your total income minus deductions you're eligible to take or "adjustments to income," as the IRS calls them. Gross income includes wages, dividends, capital gains, retirement income, and rents. Deductions might include self-employed health insurance premiums, stud...