When it comes to financial planning, people tend to assume that the term only encompasses a systematic method of saving money for a rainy day. While saving money is one of the aspects of financial planning, others such as investing wisely to improve returns on investments, protecting these returns from taxation, providing for one’s funeral expenses to be covered etc. Questions are sure to be aplenty when it comes to financial planning. Here are some and their answers. Does financial planning involve only saving money? Directing a portion of your income towards saving is important in financial planning, but equally important is wise investments that fetch good returns and also risk protection in the form of life insurance and health insurance. Should I invest in debt funds or equity funds? Making a choice to invest in debt funds or equity funds depends on how much you wish to invest and what degree of risk you are willing to take. Generally, if your financial planning requires you to be very prudent with your investments, then you would do well to opt for a debt based fund, where the firm is legally bound to pay the investors. By contrast, equity funds are very closely tied in with the market and rates of interest could vary when the stock market is volatile.

If you are earning money and have thought about saving some for the future, surely you have thought about using the services of a professional financial advisor. Assessing the financial needs of an individual or family, financial advisors help with advice on investments in an assortment of shares, bonds, mutual funds, and insurance policies, while at the same time educating them about tax laws and government policies and regulations. Enabling clients to plan for short term or long term expenditure like a college education, weddings, purchase of property or saving for retirement life, financial advisors always have the client’s needs and abilities in mind while making investment decisions for them. In order to meet clients to understand their financial objectives, explain the financial services they provide, give clear recommendations for investing money and the potential risks involved in each of them, clarifying doubts, managing their wealth with keen observation on market conditions and possessing astute abilities in deducing the best possible options for ensuring large returns on the capital invested, financial advisors are paid handsomely. They watch the investment portfolios thoroughly and continuously and make necessary changes when required, after either discussing with the client or giving them the necessary update on the modifications made, to help their capital perform better.

Jardiance 25mg (empagliflozin) is an oral pill taken by type 2 diabetic patients to help control blood sugar levels. It is also used to reduce the risk of heart attack, stroke or heart failure among people suffering from type 2 diabetes. Empagliflozin helps the kidneys to eliminate glucose from the bloodstream, thereby controlling the blood sugar levels. Jardiance 25mg should not be taken by people with type 1 diabetes, severe kidney disease or who are undergoing dialysis. Taking Jardiance 25mg can also result in side effects such as urinary tract infection, anxiety, fast heartbeat, dehydration, dizziness, genital infections, bloody urine, headache, and weakness. Jardiance 25mg is often suggested along with diet and exercise in order for it to be highly effective in controlling blood sugar levels. The commonly recommended dosage for Jardiance is 10mg taken every morning. The dosage can be increased to 25mg for patients who are tolerating Jardiance. Jardiance is approved by the U.S. Food and Drug Administration after its safety and effectiveness were tested in seven clinical trials with over 4500 people suffering from type 2 diabetes. Medicare offers coverage for Jardiance 25mg prescription drugs. Medicare Part D and Medicare Advantage plans cover this drug by 67%.

The insurance for identity theft is provided by most of the major ID protection services. However, what the policy would cover would most definitely differ from one company to another. Most of the times, the costs associated with reclaiming your identity and legal fees are covered. Some of the other costs that are usually covered would be the coverage for lost wages because of the time is taken off from work in order to deal with the identity fraud situation etc. However, the amount of coverage that would be provided is up to the company’s discretion. Some identity theft insurance providers might also offer to pay for child and elder care. However, it is absolutely important to pay special attention to what the identity theft insurance covers exactly in order to not fall into further trouble when you’re already facing charges and are a victim. Here are some of the best identity theft insurance companies available in the market: LifeLock: This company provides more than just the coverage of the legal fees associated with reclamation of your identity. They also pay for the wages which would be lost if you would have to deal with an identity fraud issue and they also cover any travel expenses that you would incur in the process.

Installment Loans is a type of loan that must be paid over a scheduled period. For e.g. Mortgage is an installment loan. These are considered safer than payday loans, title loans, and credit cards. A person from Tomball or Washington D.C. can apply for installments loans with the right documents. Benefits: Installment Loans are relatively quicker in availability especially during the times of need. In installment loans, the documentation requirements are minimal like proof of income, checking account with the statement along with a valid proof of ID. The qualification of the loan is based on your income and no traditional credit checks. You can get emergency cash within 15 minutes and in some states like Arizona and Nevada, you can use your car as collateral. The installments depend on your payday, with weekly, bi-weekly or monthly payments. There is no prepayment penalty attached. In addition, there is no restriction on spending the money. Disadvantages: Firstly, Lenders charge you an interest rate. There is a fixed rate or a variable rate. The fixed rate will be higher and will not change due to market conditions even if the rate becomes lower. This might make you pay you more even when the rates are lower.

Retirement is one of the aspects that one is supposed to plan thoroughly and absolutely make sure that in a time with no employment all the needs and requirements are made with no difficulty in the process. And for this purpose, there are several retirement plans available in the market which allow you to save up your income with various benefits involved. However, most of the conventional options deal with investments in stocks and bonds. There are several other options for retirement plans where you can invest in specific objects such as precious metals like gold. Although, it is important that you secure your hard earned money and make sure it reaches you when the time comes and this would need a thorough knowledge of the investments you are making and the expectations you would set, whether it is gold options trading, buying gold coins for investment or any other option. Here are some of the best gold IRA companies: Advantage Gold: This company is known for having one of the best customer services and experience in this industry. They have a full-service IRA department and provide a fully insured storage. Equipped with a team of leading gold IRA experts, this company focuses on educating their clients on the kind of investment they would be making and all the particulars.

Selling gold has to be done appropriately to ensure that you are selling at the right place in exchange for the right cash value. While the amounts may not be large but just a small amount of dollars, taking precautions to go through the right channels when parting with your gold is crucial. Here are some tips that can help you filter out the best place to sell gold, and ensure that you have done the right research when taking such important decisions: Consider alternatives before deciding to sell a valuable piece of gold jewelry, because once you have sold it the possibility of getting it back would be close to impossible. The best prices of jewelry that can be sold would be broken or outdated items that cannot be fixed. Thinking your decision through will definitely be the best starter to decide whether you want to sell your gold jewelry. When you have decided to sell, check out the cost of the jewelry and its buying price in the market and then get a quote from a few buyers. Getting an appraisal from an antique or design jeweler can help you evaluate the appropriate price to sell your gold jewelry for since market buyers buy based on weight and wastage charges.

There are usually gaps in a policy holder’s medical or dental coverage. Supplementary insurance is the insurance that a policyholder purchases in order to fill in that gap. When you’re annual spending is reached, then gaps can occur in your coverage. Many health plans do not include dental insurance as part of the plan hence most of the time dental insurance itself is acquired as a supplementary policy. Supplementary dental insurance is a good option in case you need extra dental coverage to help you with the costs that are not covered by your existing dental plan. Sometimes it happens that your dental plan may not cover the procedure that you need to get done. This is the kind of classic scenario wherein the supplementary dental insurance comes into play as it helps bring down the high payments and also offers extra coverage. The most common Supplemental dental plans are PPO (Preferred provider organization) Plans where they have a network of dentists whom you can choose from. If you already have dental insurance but are looking to bring your rates further down, you can get enrolled in a Dental Discount Plan. They are easy to enroll, don’t cost as much and they help you save more money.

A reverse mortgage can be understood of as a kind of home equity loan for older homeowners which also does not require mortgage payments every month. The loan is repaid when the borrower moves out or happens to die. Reverse mortgage for seniors acts as a good retirement plan nowadays and is also considered to be one last source of income. The very first reverse mortgage which was federally insured (also called as equity conversion mortgage or HECM) was introduced in 1989. These loans can be taken up by people who fall above the age of 62 who can use the reverse mortgage for retirement purposes by tapping a portion of their home equity without the necessity of having to move out. Reverse mortgage for senior citizens is particularly beneficial because of the facts that they wouldn’t have to move out, will be able to afford the cost of maintaining their house and can also access the equity of their house in order to supplement the income or save the money obtained for a time in the future. This reverse mortgage can also be used by people to eliminate the existing mortgage and increase the existing cash flow of each month.

An unsecured loan is a loan approved and supported only on the basis of the borrower’s creditworthiness without the need for collateral. In this type of loan, a borrower does not pledge any property (such as a house or a car) as collateral for the loan which is a generic method of reinforcing security for a lender providing the loan. Unsecured loans expose lenders to unnecessary risks including other problems such as legal fees when pursuing defaulters. Therefore, they usually have higher interest rates. A payday lender does not issue secure loans in a traditional sense. Their loans are not secured by tangible collateral as mortgages and car loans are. However, they do make sure that repayment is secured by other means. In particular, payday lenders have borrowers give them a postdated check or agree to an automatic withdrawal from their checking accounts to repay the loan. They may also start calling, sending letters from lawyers and contacting the relatives or friends the borrower used as references when he took the loan. Lastly, legal action will be taken against a defaulter which may lead to penalties like wage garnishing (deduction of money from the defaulter’s salary as a result of a court order) or subsequent acquisition of personal property.

Launched by the Federal Housing Finance Agency or FHA in the United States in the year 2009, the HARP – Home Affordable Refinance Program – is a home loan initiative targeted specifically at homeowners who have negative equity and are looking for options to refinance their mortgages. That is, for those people who own property and are continuing to pay the regular mortgage and the property has a value below the outstanding balance on the mortgage that was used to purchase it. In other words, the current market value of the property is an amount lesser than the balance on the outstanding mortgage, or more simply put, an own home with little or no equity in it. While banks require a loan-to-value ratio of 80% or less to qualify properties for refinancing without private mortgage insurance, the HARP allowed those homes with a loan-to-value ratio exceeding 80% for refinancing, with the same condition on private mortgage insurance as banks. From an initial 105%, after increasing it to 125%, now the HARP 2.0 program extended the offer to those over 125% and to those with or without a private mortgage insurance. The concept of guaranteeing mortgage lenders that they would not be penalized for home loan frauds on the original loan amount greatly enthused more participants into this program.