Law enforcement can be a rewarding profession, but it often comes with stress, unpredictable work schedules, and financial stress.
Although some law enforcement positions offer a pension, often it is not enough to last their lifetime. In addition, many law enforcement professionals do not have another retirement savings plan in place. Also, life insurance carrier options can be limited due to the underwriter’s views of occupational risk and early death. Here we examine why financial planning is essential to law enforcement professionals due to their unique profession.
With billions of people connected through technology delivered through multiple devices, the likelihood of a data privacy security leak and cyber-attacks will not decrease but will continue to increase. Continue on to read more about data privacy and cybersecurity and reducing risk.
Writing down your financial goals for this year and having them visible is essential to your success. Much like a written financial plan, you are more likely to follow your financial goals when they are in writing.
After you’ve written down your goals, tell others about them, your progress, and your failures to help you be accountable to them. Here are eight financial goals to implement this year to help set you up for financial security:
Some changes are coming for converting your traditional to a Roth IRA as part of the Build Back Better Bill that the U.S. House approved in November 2021. If you are considering a ‘backdoor’ Roth IRA conversion or are curious about what it is, this article will help you understand the changes coming to this strategy starting in 2022.
There’s no better way to start the New Year than with a list of goals you’d like to achieve. Whether you’re pleased with your current financial situation or wish to improve it, 2022 is a great year to focus on your finances. Here are simple tips to help you save in 2022:
Sixty-five percent of military families have experienced financial stress, according to a finance and lifestyle survey by Military.com. This statistic is no surprise as they often face frequent deployments, high moving expenses, cost-of-living adjustments, and inconsistent pay. Here are some quick financial planning tips for all our veterans.
In 2010, American Express created a holiday called “Small Business Saturday.” It takes place every year on the Saturday after Thanksgiving to encourage Americans to support small businesses. This Small Business Saturday on November 27th, consider “shopping small” as you purchase holiday gifts. Here are several reasons why it’s essential to support small businesses.