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Previous Financial Wellness Articles - 2022

Preparing for that Long Holiday Drive

Do you typically endure a road trip to see family or friends for the holidays? Whether long or short, it takes planning to avoid overspending during those few hours or days.

Protecting Your Loved One

The National Council on Aging estimates thatelder financial abuse robs our most vulnerablepopulation of $2.6 billion to $36.5 billion everyyear. Part of the reason why this is such a largerange is because many cases of financial abusego unreported. Because an elderly loved one may not beable to spot financial abuse, it’s important thatyou're vigilant in protecting your loved one.

Making the Most of Your HSA

It is common for many people to consider their expenses and look for cost savings throughout the year. Many people have done just thatthrough HSAs or Healthcare Savings Accounts, which work in conjunction with high-deductible health plans (HDHPs).

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The Doctor Will See Your Wallet Now

 

Whether you need to save up for a medical condition you have, copays for regular expenses or medical emergencies, knowing the amount you may need can save you not only money but also save you stress when you get to the hospital or doctor’s office and don’t have the funds.

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Deferred Compensation Plan Website

The State of Illinois Deferred Compensation Plan website at www.myillinoisdcplan.com is a great resource to help you track your progress toward the retirement you want.

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Medical Debt

How often do you check your medical bills? If you're like most people, not often. It’s common to assume the bill is accurate, make payment arrangements and go on with our lives. Unfortunately, medical billing errors are common in the United States.

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401(k) Plans vs. 457(b) Plans

We all want to be sure that we have enough money in our retirement savings to live comfortably when we reach the age where working and earning wages is no longer possible.

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Being Financially Prepared for a College Bound Child

For many young people, having a college degree is the starting point for getting a job in the career field they desire. College affordibilty has become challenging to manage as the cost of earning a degree has steadily risen over the last several years.

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Everything You Need to Know About Managing Financial Stress

We all make financial blunders and mistakes. Part of being an adult is learning from these blunders and not repeating the same actions over again.

 

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Five Steps Towards Financial Relief

When faced with navigating your financial stressors, you might be feeling as though there’s nothing you can do to improve your finances. However, small changes can make a big impact over time.

 

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The Changing Nature of Emergency Savings Accounts

If you encounter a situation where you need to draw on your emergency funds, the chances are that you will need access to the money right away. For this reason, emergency savings are typically kept in cash or in a traditional savings account.

 

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How to Plan Ahead With an Annual Budget Review

The end of the year is a busy time for everyone. In the midst of all this busyness, taking the time to pause and reflect on the year gone by can help us appreciate the past, live in the present and prepare for the future.