The Beneficiary Liquidity Plan Series. Are There Families Who Cannot Pay?

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The Beneficiary Liquidity Plan Series 

Are There Families Who Cannot Pay?

According to Phil Graham, Founder of The Beneficiary Liquidity Plan, sometimes, there is no one to pay for the funeral expenses. Perhaps the parent that passed away had money, but their children do not. Or, the children do not want to volunteer to pay even if they do have money. In rare cases, there is no family at all and a neighbor is the one left coordinating the final arrangements.

What Solutions Are Available? 

Some families must resort to the Department of Human Services. No one is excited about this solution and it also limits what services are available to the family. There are short-term loan businesses that offer funeral assistance, usually at a high interest rate. Funeral homes are less likely to accept the collateral assignment of an insurance policy, however there are third-party business that will for a fee, of course.

A Closer Look at 2025 FEHB Premiums

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A Closer Look at 2025 FEHB Premiums

Open Season is just a few weeks away, and costs are increasing this year. What does that mean for federal employees?

Federal employees and retirees should expect to pay much more for health coverage next year: the enrollee share of FEHB premiums is going up 13.5% on average, which is almost double from last year. OPM cites price hikes from providers and suppliers, more prescription drug usage, and behavioral health spending as the principal drivers for this increase. Follow link to read more from Government Executive. https://bit.ly/4dEyP6K

How the Fed’s Interest Rate Cut Could Affect Military Families

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How the Fed’s Interest Rate Cut Could Affect Military Families

Marine Corps Gunnery Sgt. Patrick Dooley, assigned to the 12th Marine Corps District, tours Broadway Pier with his daughter during Fleet Week San Diego 2023.

As a military retiree and a financial planner, I’ve seen firsthand how the unique challenges faced by the military community amplify changes in the economy and U.S. government policy.

On Sept. 18, the Federal Reserve implemented a larger-than-expected, 50-basis-point (0.5%) interest rate cut, and while many may view this through a broad economic lens, I want to take a moment to look at how this affects military families, in particular. Follow link to read more. https://bit.ly/3N7omG4

The 2024 Presidential Debate

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The 2024 Presidential Debate

During last night’s debate, both candidates talked about their economic ideas, but neither laid out a plan for how they would pay for their proposals or how to tackle our $35 trillion national debt.

With interest costs on the debt on track to reach historic highs over the next decade, America’s fiscal future is a critical issue for our next president. As interest rises, it crowds out important public and private investments that can fuel economic growth. We already spend more on interest than on Medicaid or veterans’ benefits, and this fiscal year was the first in which interest costs surpassed what we spent on defense. Follow link to read more from The Peter G. Peterson Foundation. https://bit.ly/3zgEEsU

 

The Class Of 2024 is Applying to More Government Jobs, Says College Networking Website

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The Class Of 2024 is Applying to More Government Jobs, Says College Networking Website

Handshake’s report says more college graduates are applying to government jobs, as hiring slows in technology and professional services.

The class of 2024 is applying to more government jobs, according to a report released this month by a popular networking website for college students.

In total, roughly 7.4% of job applications from this year’s college graduating class on the website Handshake were sent for government openings. In comparison, that number for the class of 2023 was 5.5%. Follow link to read more. https://bit.ly/3WC7zRv