Planning Your Financial Future September 2011
Hope you survived Hurricane Irene. We lost cable and internet for a couple days, but we were very blessed as we did not have any property damage nor did we lose power. Eventually, schools will start and the children will be walking to schools or bus stops. Drive carefully and keep an eye out for them as they may not be watching for you.
Life without Life Insurance
What if you died tomorrow? Life insurance can help you protect your family for life without you in it.
Do You Need Flood or Earthquake Insurance?
For most of us, disasters caused by floods or earthquakes are rare, yet the impact can be financially devastating. Flood or earthquake insurance is an option to consider, especially if you live in an area prone to recurrent disasters of this type.
Could You Handle a Financial Windfall?
Receiving a financial windfall is often a life-changing event. You might never win the lottery, but the odds are that at some point you’ll receive a substantial amount of money, perhaps from an inheritance, bonus, insurance settlement, or the sale of a home or business. If so, would you be prepared for the financial decisions you might suddenly face?
I’m a stepparent. Is my financial information listed on the FAFSA?
If you’re a stepparent and your spouse is required to fill out the FAFSA, then your income and assets will need to be reported on the FAFSA. A stepparent’s financial resources are counted as long as the stepparent is married to the custodial parent on the date the FAFSA is completed. A noncustodial parent’s financial resources are not counted (except to the extent they are reported as child support and/or alimony by the custodial parent).
When parents are divorced, who fills out the FAFSA?
When parents are divorced, the custodial parent is responsible for completing the FAFSA (Free Application for Federal Student Aid). The identification of the custodial parent is important because the federal government does not require the income and/or assets of the noncustodial parent on the FAFSA in determining a student’s financial need. But it does consider any child support and/or alimony that the custodial parent receives from the noncustodial parent.