It’s a common plight among small business owners: Taking on too many responsibilities, only to figure out later that others can do these tasks more efficiently.

“Barbara, I don’t mean to pry,” said her family’s long-time attorney, “but did you or Roger manage your home finances?”

Two weeks earlier, Barbara lost her husband of 30 years only to a heart attack. The emotional toll has been terrible, but still she knew the importance of this question. Barbara worried about it often. “It was Roger,” she replied. “He wrote the checks, paid the bills, managed the budgets, everything. And I’m not even sure how to order new checks. What should I do next?”

Social distancing, check. Mask, check. Weekly run to the food store, check. Zoom call with your parents, check. Worry about your job and kids not in school, check!

Owning life insurance gives you the peace of mind knowing that your family will be financially protected if something happened to you. But your policy isn’t a set it and forget it product and it’s important to give your life insurance policy a review once in a while. It’s not something you are thinking about on a regular basis, so it can be easy to forget. Out of sight, out of mind, right?

The Importance of Financial Literacy in the COVID-19 Pandemic As highlighted in my recent Facebook post, April is Financial Literacy Month, and the topic of financial literacy is critical to everyone concerned about their financial security and future in the era of COVID-19.

Getting a Big Refund Check: What’s not to Like? Actually, the US Treasury check you received last April and paid for your 2-week summer vacation may not be the best approach. Think of it another way: instead of saving, investing, or pocketing all that money yourself, you are giving the federal government (and possibly the state government as well) interest-free loan.

The Double-Tax Free Benefits of 529 College Savings Plans The 529 college savings plan is an attractive way to save for a child’s or grandchild’s education for a number of reasons. However, one of the best arguments for opening a plan is that it is double-tax free. In some states, it may even have an additional tax benefit.