inflation
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Accident Forgiveness: How Much Does Insurance Go up After an Accident?
The cost of insurance goes up by a great degree after an accident, but does that mean that you should enroll in (and pay for) accident forgiveness coverage? A driver's age and location, alongside their current good driver discount, determine whether or not an accident forgiveness plan is worth it.
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What Is Inflation and How Does It Affect Your Personal Finances?
Statistics show that inflation has risen in January 2020 and soared past forecasts to touch 2.49%
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What Are the New Tax Laws for 2019 Filing?
When individuals and households understand how they can take advantage of the modified tax laws, the savings are worthwhile.
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Part Three: Preparing for Inflation-Adjusted Premiums
In January, your tax credits and average health insurance cost, per month, are going to change. Whether it’s a private plan, an employer-sponsored one, or Medicare, all consumers’ income brackets are going to be adjusted for inflation. In short, if your household earnings go up, your premiums might not because of the higher income brackets. Moreover, consumers may even qualify…
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Part Two: Inflation and Your Health Premiums
Generally, the government takes care of a portion of your health insurance premiums. The amount is based on someone’s income bracket, which changes every year because of inflation. In a previous article, we discussed how this impacts the average monthly health insurance cost, even if a household’s income doesn’t go up or down. The change will effect the 2019 Medicare…
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The 2020 Inflation Adjustment and Your Health Premiums
Starting next year, inflation will impact the average monthly health insurance cost and the Medicare premiums 2020 rates. More specifically, even if your income doesn’t change, inflation might diminish your taxable earnings. In turn, you may qualify for lower premiums and tax savings. Having said that, higher health insurance options are also on the table. If your income increases, so…
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Five Reasons to Invest in Real Estate
Investing in real estate means that you purchase a future income stream from a property. You probably don’t realize that you could be earning money at the same time as using renter’s money to pay off your investment. By doing this, you’ll get more stability, higher returns, and diversification. Investing in real estate is especially beneficial if you’re about to…
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