Tim McMahon, Author at Your Family Finances

How to Avoid Retirement Savings Mistakes

Everyone dreams of a comfortable retirement. Often we can’t wait to reach that moment and finally transform our lives into one long vacation. Unfortunately, saving money for that day can be a constant struggle. No matter how much you earn, there are always alternatives to saving for retirement. The most common financial worry among retirees is outliving their savings. To avoid that possibility, it’s necessary to work on a financial strategy for retirement to ease your mind. Finding ways to earn more money and make the best of what you already have will boost your retirement savings and help you sleep better at night.

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How to Manage Your Wealth During Difficult Financial Times

Money Management / By Tim McMahon

With inflation above 5%, it should come as no surprise that these difficult economic times have hit many people hard. It seems like the perfect time to learn how to manage your wealth during difficult financial times. Here are some tips.

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Benefits of Working With an Independent Insurance Agent

Insurance / By Tim McMahon

Choosing an insurance agent can be among the most important financial decisions you make. Why? Because your insurance agent has a tremendous impact on how easy and smooth your entire claims process goes. There are three types of insurance agents:

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Intro to Home Additions

Home Improvement / By Tim McMahon

There are a few basic types of home additions catering to the needs of homeowners in terms of living area, affordability, and aesthetics. Home additions range from low-cost extensions to pricey full-size conventional expansions. If you need additional space, rather than moving to a bigger house, consider adding on to your home. It is a

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7 Dirty Tricks Insurance Companies will Play

Should You Say That? Tips for Talking to Insurance Companies After an Accident

Car / By Tim McMahon

After a car accident, your insurance company and the insurance company of the other driver will ask for your version of the incident. Your version of the events will directly affect their findings and how much compensation you get. You don’t want to make a mistake by saying the wrong thing, but you also need to provide your statement. Learn the best tactics when talking to your insurance company after a car accident with these simple tips.

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Essential Car Maintenance Costs

Car / By Tim McMahon

Although you may not need a personal vehicle if you live in a large city with public transportation, having a family vehicle is convenient and provides the independence necessary if you live outside the city. However, along with the benefits comes the responsibility (and cost) of maintaining the vehicle. That is why it’s advisable that you buy a family car that’s easy to maintain and has a good record of reliability. Nonetheless, if you own a family car, here are some of the essential maintenance costs you are most likely to incur at some point in time.

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Planning Financially for Your Retirement

Retirement / By Tim McMahon

Many people want to know exactly how much money they need to retire with. More important than an exact amount is knowing the right actions to take when financially planning for retirement. The average retirement period varies from 20 to 40 years, and you may have even less time to prepare. Here are 3 suggestions to plan for your financial future.

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Make Your Mortgage More Affordable After Retirement

Retirement / By Tim McMahon

One of the perks of retirement is no longer having to work. But that’s also one of the drawbacks because it often means living on a fixed income. Some bills, like electricity and insurance, are only going to keep going up despite your retirement. That doesn’t mean you can’t save money, though. Your mortgage is one area where you can have a more affordable payment each month.

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7 Essential Money Lessons to Teach Your Kids

Children / By Tim McMahon

Since our schools don’t teach our kids about money, it falls upon parents’ shoulders to ensure their children are financially literate. That is why it is so important to teach these essential money lessons to your kids. Contrary to what some parents might think, it’s never too early to begin money lessons for kids. The

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How New Couples Can Keep Their Savings Accounts Healthy

Banking / By Tim McMahon

Unfortunately, financial issues are the number one reason why couples get divorced. Finances and how you will handle them after you are married is a conversation you need to have before you get married. If not, it should be on the conversation table within the first few months of marriage. You need to know what your money habits will be in this new arrangement.

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How to Get a Good Price on Health Insurance for Your Family

Health / By Tim McMahon

There is never a single hack that can help you get cheap medical insurance. Sometimes, there are a lot of options that will leave you wondering with too many questions. However, before you start working towards that goal, you need to understand how the health insurance system works. If you need to find a reasonable price on a health insurance plan for your family, read through the tips below.

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Protect Your Business

Legal, Small Business / By Tim McMahon

Yesterday we looked at Personal Injury Claims so I thought that today we would look at “Business Liability”. In a personal injury claim you could be suing either an individual or a company for injuries you sustained due to their negligence. But what if you are on the other side? What if one of your employees did something stupid like goofing around with a forklift and injured someone? In that case, hopefully your business would have “Liability Insurance” and that is what we will look at today.

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