As of September 21, 2018 under the new Economic Growth, Regulatory Relief, and Consumer Protection Act, consumers in states who previously had to pay fees to freeze their credit will no longer have to pay these fees. This is good news for consumers, as taking measures to protect your personal information should be available without incurring additional costs. In addition, this new law can be used by parents to freeze their children’s credit who are under age 16. Guardians, conservators, and those with a valid power of attorney can get a freeze for their dependent(s).
As a successful business owner, you don’t want to think about your operations being interrupted by a natural disaster or other unexpected event. Yet the possibility is a real one. According to the Insurance Information Institute, 91 natural catastrophes occurred in the United States in 2016, totaling $23.8 billion in insured losses. But natural catastrophes represent just a portion of the crises that your business could face.
Most people consider insurance an important part of their financial plan. But do you also have an insurance philosophy that you use to determine exactly how much coverage you need? We share four important questions that will help you crystalize your insurance philosophy.
Insurance can be one of the most powerful tools you have as part of your portfolio. For a relatively small amount of money, the benefits are generally leveraged to many multiples greater and the payoff occurs at a time when it is needed most, such as an emergency, a disaster, an accident or a death. When implemented properly, investing in an insurance plan is designed to provide benefits that may otherwise be difficult to achieve.
Financial planners take a holistic approach to a client’s finances, and while growing investments is an important goal, protecting the client’s wealth should be another. Generally speaking, the more wealth a client has, the greater the likelihood that they are going to have some significant gaps in their insurance coverage. As a planner, the nature of our work is in part as a risk manager, as risk to losses due to litigation, natural disaster, or theft may be no less than the risk of losses due to a bad investment strategy.
As of December 12, the Thomas Fire has become California’s fifth largest fire, has burned through an estimated 257,000 acres and has destroyed more than 1,000 structures. The catastrophic events that have unfolded in California have left many wondering how they can prepare for a wildfire before and what steps should be taken after a wildfire strikes. We found some helpful tips from Cal Fire and from a local attorney and real estate agent to help you prepare and recover from a fire in your area.
As of December 7, an estimated 96,000 acres have been ravaged by the Thomas Fire and more than 50,000 mandatory evacuations have been issued in Ventura County.
Client Advisor, Amanda Thomas, gives tips on how you can keep your accounts safe and secure.
In light of the recent Equifax security breach, our clients are even more aware of the risks to their credit, liquid assets, and their identity. Many clients have reached out asking for ideas on protecting their identity. Here are 10 tips on how to protect yourself.
A data breach at Equifax has exposed the sensitive data of as many as 143 million people. Hackers may have accessed information including full names, Social Security numbers, addresses, birthdates and some driver’s license and credit card numbers. We want you to understand your options and be able to decide where to go from there.
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