Bedel Blog

In today's litigious society, a single accident can threaten your financial future. This is where umbrella insurance shines as a powerful yet often underused defense. Standard home and auto policies provide a basic level of protection, but when faced with court judgments, their coverage is often quickly exhausted.

By extending the repayment period well beyond a traditional 30-year loan, supporters of a 50-year mortgage argue it could make monthly payments more manageable and open the door to homeownership for more Americans.

If you “superfund” the account with no intention of using it before retirement, keep all receipts from qualifying expenses to enjoy tax-free withdrawals later, and don’t forget to review your beneficiary designation often.

The biggest change was made after I reviewed the percentage of cashback I was earning for different types of charging activities. I have been using my Costco credit card for most of my purchases, but I've learned that my other credit card offers a 3% reward for online retail purchases, such as those made through Amazon.

Preventive coverage is also expanding, including a broader range of colorectal cancer screenings and other early-detection services, all designed to help beneficiaries stay healthy and avoid more serious issues later in life.

Deal flow is the stream of business proposals, investment opportunities, and transactions making their way to investors or companies looking to buy or invest in others.

Primarily, catch-up contributions pad retirement accounts with extra funds in the final stretch towards retirement. Pre-tax contributions can help save on taxes in higher-income years before retirement, and Roth contributions help build up an ever-so-important tax-free bucket of money.

Did your estate attorney recommend changing ownership of your accounts, home, vehicles, etc., to help with an efficient transfer of assets after you're gone? It's important to implement any recommended change immediately.

Cutting rates tends to encourage both hiring and spending; yet, when inflation is already climbing, those same cuts risk adding fuel to the fire. Today, the central bank is walking a tightrope that may prove harder to balance than many think.

Unfortunately, some employees feel overwhelmed and confused by the benefits offered by their employer, causing open enrollment to become a source of stress rather than an opportunity. Below you will find some considerations when it comes to common benefits offered to employees.

While high inflation is unlikely to surpass investment returns, it does diminish the impact of the gains you get from those returns. Inflation is normally factored into retirement planning, but unexpected or unaccounted-for inflation over a long period of time can start to harm those plans.

Working through the details and getting the proper documentation in place, as early as possible, helps ensure the farm can continue for another generation.