THE Wealthier + Wiser Blog

Life insurance: Do you need it?  

The choices in life insurance policies can be confusing. Life insurance needs vary depending on your situation and it can be hard to know exactly where to start. The real question is do you need life insurance? According to the 2019 Insurance Barometer Study (Life Happens/LIMRA), 40% of those without insurance coverage would have immediate …

Boost your retirement savings

When it comes to saving for retirement, maxing out your 401(k) and/or Individual Retirement Account (IRA) is just the beginning. Here are four scenarios in which you may be able to give your savings an extra boost. 1. Your spouse doesn’t work So long as you have earned income, your nonworking spouse can maintain a …

Credit score: .25% could cost you thousands

Many people don’t understand the value of a good credit score. It’s more than the prestige of having a high number. It’s your ability to get a car loan, an established credit card and borrow when you’re ready to buy a home. As a consumer and an investor, you want to have access to credit …

Should you lease or buy your next car?

How do you determine whether you should buy or lease your next vehicle? Well, it really depends on what you want out of that vehicle, your financial picture, and who you are as a driver. It’s complicated and involves a lot of moving parts. Don’t worry, we will break it down to help you make …

Hidden expenses of going on a cruise

Have you ever seen a commercial for a cruise? Everyone is frolicking in the pools on the deck of the ship while zipping down waterslides. There’s a quick shot of a couple eating a delightful dinner with white linen table clothes and expert servers unloading endless dishes of fanciful cuisine. Finally, a view of the …

6 tips to protect your business from ransomware attacks

Ransomware is something that keeps IT directors and cybersecurity professionals awake at night, but many people have no idea what it is or how it could drastically affect their lives. The simple explanation is that ransomware is a software virus used to take over a company’s database until that company pays a ransom. These attacks …

A better cash strategy

Cash in with a better cash strategy, earn higher interest Do your bank deposits still earn next to nothing? They shouldn’t be, and you don’t have to take it anymore. I know that banks haven’t paid much in interest since the last financial crisis, but times have changed. Your accounts should be yielding something closer …

Millennials and their money habits: Part II

If you ever spend time watching financial gurus bark loudly on television about how to live your best financial life, there is no doubt you have heard them talk about spending less. On financial radio shows, I hear similar stories imploring people not to spend. The guidance is to save more, save early and save often! While that …

What does your investment advisor do all day?

If you think financial advisors spend all day golfing, you need a new advisor. Rendering financial advice is challenging and it takes a competent and intelligent professional (who is supported by a team of competent and intelligent professionals) to do the job right. An advisor cannot stay at the top of their craft by polishing …