Author - Forrest Baumhover

1
Five Things You Might Not Have Known About Life Insurance
2
New Advantages to Long Term Care Planning
3
Free Tax Filing and Preparation for Military Members
4
5 Disadvantages of a VA Loan
5
Best Tax Software for 2019

Five Things You Might Not Have Known About Life Insurance

Disclosure: This article is sponsored by Navy Mutual.

September is Life Insurance Awareness Month, although it is entirely possible that life insurance has been on your mind since the start of the COVID-19 pandemic. The pandemic has focused the attention of many in our country on the need to ensure the financial safety of their family. Ensuring that financial security is even more challenging when the pandemic creates so much uncertainty in the job market, financial markets, and everyday living.

There is an old proverb that tells the two best times to plant a tree. The best time is …

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New Advantages to Long Term Care Planning

Disclosure: This article is sponsored by Navy Mutual.

Have you ever considered long term care coverage? If not, you should. An overwhelmingly large percentage of the population will need some form of long term care as they age.

As many as 69% of the people turning 65 this year will need some level of long term care. 15% of those people will spend $250,000 or more on those care costs.

Let that sink in for a moment. Without proper planning, long term care expenses have the potential to significantly impact your life savings or create an excessive financial burden …

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Free Tax Filing and Preparation for Military Members

One of the little-known benefits of being in the military is access to free tax filing and preparation services. There are several options for military personnel to file their taxes for free, including free tax preparation assistance on base, and free tax prep software you can use to prepare your own taxes and file your taxes online. Some local communities may also offer free tax preparation. We can’t cover each of the local opportunities, but we can let you know about how military members can get free tax preparation on their military installation or through many online tax software programs.… Read More

5 Disadvantages of a VA Loan

Nearly any mortgage lender will tell you a VA loan is one of the very best deals in the industry. Some would even say it’s the best.

But despite all its benefits – no down payment, relaxed credit guidelines, and less restrictive income requirements – there are disadvantages of a VA loan.

There are only a few, but they’re well worth being aware of before applying for a loan. In some cases, you may even need to apply for a different type of financing.

What are the disadvantages of a VA loan?

1. You’ll Have Zero Equity in Your Home

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Best Tax Software for 2019

Regardless of whether you are doing your personal or business taxes, you need a tax software program that accommodates your needs. Incomplete forms and errors are the last things that you want to deal with when filing your taxes, and filing as a military family can add even more confusion as you may be dealing with more unique complications. Having a high-quality and accurate product that is developed for your specific situation is critical. We’ve taken the time to find the top 15 tax software products on the market, outlining their key features to help you pick the right one.… Read More

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