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Plan Well, Retire Well

Saving and investing your money
Insurance
healthcare

Test Your Knowledge about Health Insurance

Just how well do you understand health insurance policies? It's a challenging topic! Kaiser Family Foundation surveyed people about health insurance terms and concepts; only 4% answered all of the 10 questions correctly. However, that quiz is from 2014. With the Health Insurance Marketplace (sometimes referred to as Obamacare) enrollment period now open, this seems like a good time for a new qu...

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Don't risk a lot to save a little. Or said a different way, stupid ways you can waste your money!

"Don't risk a lot to save a little." That simple phrase has stuck with me through many years since I learned it while studying for my Certified Financial Planner designation. It was one of three basic principles of risk management. (I've forgotten the other two.) The idea is, don't try to save a nickel when that decision might end up costing you $10. Over the years, I have often thought...

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If Only I was 25 Years Old Again!

Too often when I talk to people in their 50s about money, I hear "If only I had known or done ____ when I was 25!" There's no doubt that it's hard to change spending and saving behaviors after decades of practicing those not-so-helpful behaviors. So, what is the most important thing for someone in their 20s or 30s to know about money? That's a challenging question! I like to talk to peo...

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Shopping for insurance

My Insurance Shopping Adventure

Last summer, Sasha gave tips for shopping for car insurance . I have had shopping for insurance on my To Do list for months, maybe years. Her post encouraged me to actually do it. Since I'm trying to get my financial house in order , now seemed like a good time to tackle this task. I learned a several things fro...

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Health Insurance Helps Protect Our Financial Security

Sometimes we spend money on fun things and sometimes we spend money on things we need or to protect our future financial security. Paying for health insurance falls under the category of needed, but not fun. We buy health insurance to protect ourselves from unknown financial risk. While we can't predict our future health needs, we can use insurance to protect our finances in case we hav...

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Insurance Check

Insurance Check - Shopping for Car Insurance

When was the last time you shopped around for car insurance? If you're like most Americans, you don't. According to a June 2015 survey conducted by Princeton Survey Research Associates International and commissioned by insuranceQuotes.com , 66 percent of policyholders never or rarely check to...

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Plan Well Retire Well Wins National Award

I'd like to take a minute to toot our own horn. The writing team behind the Plan Well Retire Well blog just won two awards for Internet Education Communications from the National Extension Association of Family and Consumer Sciences (NEAFCS) at their annual conference held November 2-5, 2015 in White Sulfur Springs WV. We received first-place in the Central regi...

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Dear Young Friend: “Cheap Insurance” for the Things You Worry About

Dear Young Friend, If you're twenty-something, what do you worry about? Karen ___________________   That's the question I posed on my Facebook page when I was working on last month's post, How to Think about Risk and Insurance , as part of my...

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Sasha Learns  How to Buy a House - the Players

Sasha Learns: How to Buy a House - The Players

When you buy a home for the first time or even your 100 th , there is a group of people you need to work with to get the home purchase accomplished. In a previous post we talked a lot about Finding a Realtor , but today we'll be more focused on the other players who help make your dream a reality. Who...

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Dear Young Friend: How to Think about Risk and Insurance

Dear Young Friend, We haven't talked much about insurance and risk. Before we wrap up our conversations, I wanted to share some thoughts on this. Karen ________________   Here's a question for all my twenty-something friends: What do you worry about? What kinds of things should...

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An Extra Chance to Avoid the Tax Penalty: Purchase Health Insurance NOW for 2015

The Affordable Care Act requires that United State citizens have health insurance. However, for some, this information is coming as a surprise when they files taxes this year AND they're surprised by the penalty they need to pay too. If you're one of the ones who first learned of this when you were preparing your taxes, then there's a special enrollment period just for you! You can stil...

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Health Savings Accounts: Ten Things to Do and Not Do

My husband is contributing to a Health Savings Account (HSA), so of course I wanted to learn all the in's and out's of this relatively new animal. If this is new to you, check out the benefits and who qualifies in last month's post . If you take a few moments to learn the rules, you can reap significant benefits for y...

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Health Savings Accounts: What's Not to Love?

If you like avoiding taxes, you'll want to learn about Health Saving Accounts. Odds are, someone in your family has a high deductible health plan (HDHP). That makes them eligible to have a health savings account, commonly called an HSA. High deductible health plans have become more common as employers look for ways to reduce the cost of health insurance. And many of the bronze level pla...

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Have You Read Your Home Insurance Policy Lately?

We go along living in our homes, tidying up, shoveling snow, and don't often think about losing our homes from a disaster like a tornado or fire. Then a disaster hits nearby and it makes us think. One thing it makes me think about is whether or not my home insurance policy meets my needs. While we can't protect ourselves from all loses, home insurance can help replace personal property...

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Driving During the Holiday Weekend? Check out this useful phone app!

I love my smartphone! Why? Because it's like a handy toolbox that can hold lots of useful tools in a small amount of space. Some of the "tools" or apps are ones that I use daily. Others I hope I don't have to use, but I like to have them "just in case." The National Association of Insurance Commissioners (NAIC) has a new mobile application that fits this description: the WreckCheck. Wit...

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You Don't Think It Will Happen to You ...

You don't think it will happen to you but sometimes it does. The good news is that everyone got out of the burning building safely. The bad news is that the fire destroyed the house and all of my son's possessions. The good news is that we have insurance. The bad news ... we don't have an inventory of all the items that my son had in the house. Blogging is about sharing our experiences...

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