Finance and Family Archives

Consider Long-term Care Insurance

March 25, 2015
David S. Chang

With the average life expectancy of Americans at 77.8 years, the likelihood that we will need long-term care (LTC) has increased dramatically. In fact, more than half of us will spend part of our lives in situations that require some sort of LTC. Americans who reach age 65 will have a 70 percent chance of […]

20 Things and Habits the Rich Do Every Day

March 16, 2015
David S. Chang

[tp widget=”select2/tpw_select2.php”] In previous articles I have talked about how almost 95% of the decisions we make everyday are habits, not conscious choices. This is why our habits largely dictate our level of success in life. Here is one habit that separates the rich from the poor. We all want to have more money, get to our […]

Why You Need a Financial Plan Part 3

November 12, 2014
David S. Chang

In this series so far we covered how a financial plan can help you optimize your Social Security benefits. Click here to read part 1 and part 2. With advances in technology, you can easily analyze and compare different strategies and the results that follow. The purpose of a financial plan is to discover and establish […]

Why You Need a Financial Plan Part 2 – Maximizing Your Social Security

October 31, 2014
David S. Chang

In this series, we are covering the importance of a personal financial plan. You can read Part 1 here. Studies have shown it is the primary way for people to feel confident about their money and retirement, especially when it comes to Social Security. With advances in online technology, a good financial plan can help […]

Financial Plan for financial independence

Why You Need a Financial Plan and How to Create One Easily!

October 21, 2014
David S. Chang

Many people think that a financial plan is only for people with money. Studies show however that a comprehensive financial plan benefits everyone, regardless of income, age, and net worth. In fact having a financial plan is one of the sure ways to get into a higher income bracket! Interested in getting one for free? […]

July 5, 2014
David S. Chang

401(k)A 401(k) plan is an employer sponsored retirement savings plan. 401(k)s are largely self-directed: You decide how much you would like to contribute, and which investments from among those offered by the plan you would like to invest in. Traditional 401(k)s are funded with money deducted from your pre-tax salary. Your earnings are tax deferred […]

July 5, 2014
David S. Chang

Getting Ready for Retirement When you retire, you have more control over your time, and finally have enough leisure to do what you want. While taking control of your time may not require a lot of advance planning, taking control of your retirement finances does. You need income you can count on, year in and […]

July 5, 2014
David S. Chang

Everyone should have a financial plan, regardless of age, income or net worth. It will help plan for the future and meet goals. Having a skilled financial adviser can be vital in helping create a financial plan. Some people like to do it themselves, but for those who do not have the time, desire or […]

May 7, 2014
David S. Chang

The average cost of a private college is $40,000 per year and for a public college it is $18,000. The cost of college has increased by 80% the past decade and is growing twice as fast as medical care costs! The costs are expected to continue rising which is why college savings is a high […]

The Top 10 Financial Scandals in History

April 21, 2014
David S. Chang

Financial scandals have been a part of history since the invention of money, and as the financial system gets more complicated, so do the scandals. But the common underlying factor is that people are in a position to take advantage of others, and continue to do so until they get caught, can’t keep up with […]