YOUTUBE
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Rich to Wealthy
R2W: Personal finance topics for high-earners striving to build wealth for many generations to come.
Prescription costs can be a financial strain, but there are effective ways to lower these costs without compromising your health. Here are some of the basics:![]()
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💊Shop Around for Best Prices: Prices can vary significantly between pharmacies. Use tools like GoodRx or pharmacy discount programs to compare costs.![]()
💊Consider a 90-Day Supply: For long-term medications, buying a 90-day supply instead of a 30-day refill can reduce costs over time.![]()
💊Opt for Generics: Generic medications are typically much cheaper than brand-name drugs and are equally effective.![]()
💊Review Your Insurance Plan: Some insurance plans have preferred pharmacies or discount programs that can reduce your costs.![]()
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#PrescriptionSavings #healthcarecosts #budgetingtips #InsuranceBenefits #AffordableMedication #medicationcosts #HealthSavings
How to Save on Prescription Medication
www.kiplinger.com
Struggling to afford your prescription medication? You're not alone. Three out of ten Americans have had to go without prescription medication due to the cost.
Both I Bonds and EE Bonds are safe, government-backed options for growing your savings, but each offers unique benefits. Here are some of the basics:![]()
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🔍I Bonds: Inflation Protection with Flexibility![]()
Benefits: I Bonds offer semi-annual inflation adjustments, helping protect your investment’s purchasing power. You can also purchase an extra $5,000 in paper bonds with a tax refund.![]()
Risks: Returns may be modest during low inflation, and you’re locked into holding the bond for the first year.![]()
🔍EE Bonds: Guaranteed Growth Over Time![]()
Benefits: EE Bonds offer guaranteed growth, doubling in value after 20 years, which translates to a reliable 3.5% return. Ideal for conservative, long-term investors.![]()
Risks: Limited inflation protection and lower yields compared to higher-risk investments mean EE Bonds may not be suitable if you seek higher returns.![]()
🔍Tax Benefits: Both bonds are exempt from state and local taxes, and interest can be tax-deferred until redemption, adding flexibility to your tax strategy.![]()
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#SavingsBonds #IBonds #EEBonds #FinancialSecurity #LongTermSavings #SafeInvesting #WealthBuilding
The Benefits of I Bonds vs EE Bonds To Store Your Savings
www.kiplinger.com
All of the information you'll need to choose between Series I and EE savings bonds.
Managing finances can be challenging without a clear sense of priorities. Establishing what matters most can help you make informed decisions and set yourself up for long-term success. Here’s some guidance for you:![]()
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🛡️Build an Emergency Fund: Start by saving for unexpected expenses to protect yourself from financial setbacks.![]()
🛡️Ensure You’re Insured: Insurance is essential to protect against life’s uncertainties. Prioritize life, health, and property insurance to shield yourself and your family from unexpected expenses.![]()
🛡️High-Interest Debt Payoff: Reduce costly debt quickly to free up funds and reduce financial stress.![]()
🛡️Retirement Contributions: Ensure you’re saving for the future by prioritizing retirement accounts, like IRAs and 401(k)s.![]()
🛡️Focus on Long-Term Goals: After covering essentials, focus on long-term goals like retirement and debt reduction. Secure your financial foundation before splurging.![]()
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#FinancialPlanning #SmartInvesting #WealthBuilding #DebtManagement #RetirementSavings
How to Rank Your Financial Priorities
www.kiplinger.com
Circumstances are different for everyone, but this adviser with 20-plus years of experience shares some insights on getting your financial priorities in order.
Retirement planning is key to achieving financial freedom and enjoying a fulfilling future. Creating a solid retirement plan helps you stay on track to meet your goals, even as circumstances change. Here’s how to get started:![]()
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📅Define Your Retirement Goals: Outline when you’d like to retire, what lifestyle you envision, and what income will be needed to support it.![]()
📅Calculate Savings Targets: Based on your goals, estimate how much you’ll need to save each year to achieve your target retirement income.![]()
📅Build an Emergency Fund Before Heavy Investing: An emergency fund shields you from financial setbacks without dipping into retirement. Aim for 3-6 months of expenses saved, which is essential for a stable retirement foundation.![]()
📅Optimize Tax-Advantaged Accounts: Prioritize maxing out 401(k)s, IRAs, and other tax-advantaged accounts to grow your savings faster.![]()
📅Build a Diversified Portfolio: Invest in a mix of assets that balance growth potential with risk, suited to your retirement timeline.![]()
📅Adjust as Needed: Regularly review and adjust your plan to stay on track as life circumstances and market conditions change.![]()
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#RetirementPlanning #FinancialGoals #WealthBuilding #InvestmentStrategy #TaxEfficiency #FinancialIndependence
The Best Way to Create a Retirement Plan | White Coat Investor
www.whitecoatinvestor.com
What's the best way to spend your money in retirement? You need a plan. Here's one example for how to end up with more than you began with.
Liability coverage is essential to protect your assets if you’re found at fault in an accident or incident. From car accidents to home mishaps, liability insurance can shield you from significant financial loss. Here are some of the basics:![]()
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💰Covers Legal and Medical Costs: Liability insurance helps cover legal expenses, medical bills, and damages if you’re responsible for injury or property damage.![]()
💰Types of Coverage: Auto, homeowner’s, and umbrella insurance policies often include liability protection, and each of them come with specific benefits and coverage limits.![]()
💰Auto Liability: Covers bodily injury and property damage if you’re at fault in a car accident. Essential for drivers, it includes medical expenses, lost wages, and legal fees for affected parties.![]()
💰Homeowners Liability: Protects you against claims if someone is injured on your property, covering medical costs and potential legal expenses.![]()
💰Umbrella Policies for Extra Protection: Umbrella insurance extends your liability limits, providing broader financial security beyond standard policies.![]()
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#LiabilityInsurance #AutoLiability #HomeownersInsurance #UmbrellaPolicy #AssetProtection #FinancialPlanning #InsuranceBasics
What Is Liability Insurance and What Does It Cover?
www.kiplinger.com
Liability insurance protects you if you injure someone else or damage their property with your car.