if one spouse expects a large bonus or equity distribution in the current year, it might benefit both parties to stay married through December 31stto file Married Filing Jointly to enjoy a lower tax bracket. Or deferring retirement for a year or two might enable the non-employee spouse to b...
When you're trying to manage the family finances, you need the full support and cooperation of your spouse. When your spouse is bad with money, it's up to you to take the steps to protect your family financially. Step 1 Assess the situation. Is your spouse bad with money because they ...
No matter where your spouse may be on that scale, sometimes it can be quite difficult to come into agreement on your financial situation and how to handle it. However, if you want to succeed financially as a couple and a family, it's absolutely crucial that you and your spouse work toge...
You no longer need coverage:If your family is grown and your spouse or partner is able to manage financially independently without a death benefit, life insurance may no longer need to be part of your financial portfolio. You are changing your investment strategy:You may have realized that the...
How many years until my mortgage is paid off? How many years until my spouse and I retire? How many years until my other long-term obligations are met? Use the largest number of years to select a policy for that time frame. Another option is to layer multiple policies together to cover...
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What if you needed help or advice from your boss, but he said, “Not now… I’m too tired from my other job?” How long would that company last? The same thing happens in many homes every day. Try something different! Would your family be better served if one spouse stayed home?
Devoting myself to seeing patients and trusting the office staff to do the clerical work. They either didn't perform well or stole from me. Seeing patients who need help but do not believe that they need to pay their bills.[Editor's Note: Good luck with this, emergency docs!] ...
You want life insurance to cover large debts like a mortgage that you don’t want to saddle your spouse with after your death. You want to replace your income if you die during your working years when people depend on you financially. You want to protect your interest in a business. Term...
A spousal IRA is a type of individual retirement account (IRA) to which a working spouse can contribute in the name of the nonworking spouse. Typically, individuals must earn income to contribute to atraditional individual retirement account (IRA)or aRoth IRA. However, if you’re married, yo...