by SDP Team | Apr 18, 2023 | Money in A Growing Family
In 2021, the average flood claim payout from the National Flood Insurance Program was $44,401.1The financial loss that comes with flooding can be devastating. Yet, many Americans are not protected against flood damages, primarily because flooding is not covered under...
by SDP Team | Apr 18, 2023 | Money in A Growing Family
Retirement spending typically changes with time in several ways: Early Retirement: In the early years of retirement, many people may spend more than they did during their working years. This is because they have more free time to travel, pursue hobbies, and engage in...
by SDP Team | Apr 18, 2023 | Money in A Growing Family
Want to give your child or grandchild a financial head start? A Roth IRA might be a choice to consider. Read on to learn more about how doing this may benefit both of you. Rules for setting up a Roth IRA. If your teen has an earned income, you may be able to set up a...
by SDP Team | Apr 18, 2023 | Money in A Growing Family
The U.S. personal saving rate stood at 3.4 percent at the end of 2022, down from the 7.5 rate at the end of 2021.The personal saving rate is the federal government’s estimate of what percent of their incomes U.S. households are saving. But market watchers and...
by SDP Team | Apr 18, 2023 | Money in A Growing Family
It’s natural to wonder exactly how a bank safeguards your money. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance exists for this very reason: to help protect your funds once deposited. Read on to explore the purpose of FDIC insurance, how...
by SDP Team | Jan 18, 2023 | Money in A Growing Family
In exchange for fixed premiums, an insurance company promises to pay a set benefit when the policyholder dies, but also offers additional benefits as well. Whole life insurance policies can build up cash value — effectively a cash reserve that pays a modest rate of...
