Disclaimer: Due to the large variety of health insurance options available and extensive scope of this topic, we encourage you to consult with a health insurance professional to assess your unique circumstances and health care needs. What Is Health Insurance? Health...
What Is Disability Insurance? Disability insurance is a type of insurance policy that pays you a portion of your income if you become disabled and unable to work. Why Is Disability Insurance Important? Most people insure their assets (i.e. house, car, etc.) against...
What Is an Emergency Fund? An emergency fund is a predetermined amount of cash set aside to cover expenses in case of unforeseen events such as unemployment, disability, illness, automobile repairs, medical deductibles, etc. An emergency fund is not an investment but...
Maximizing Financial Freedom Funding How do you choose which investment accounts are best for you? Before you start, make sure you have laid a solid foundation according to the previous steps in the path to financial freedom: Paid off all consumer debt Have adequate...
What Are Active & Passive Investing? There are two approaches or schools of thought when it comes to investing: Active investing – the portfolio manager attempts to outperform a standard index or benchmark by making proactive investment decisions Index investing –...
What Is Dollar Cost Averaging? Dollar cost averaging is another strategy in investing where investors contribute an equal dollar amount periodically into their investment accounts over time. The outcome of this strategy is: When prices are low, the contribution buys...
