Blog - North Light Financial Services

Managing Drug Costs

Managing Drug Costs How can households meet the challenge? Are prescription drug costs burdening your finances? This problem is far too common today. Consider the price tag of some of the drugs used to treat arthritis, hepatitis C, cancer, and multiple sclerosis. A Kaiser Family Foundation study notes that the cost of medications such as Zytiga, Humira, Gleevec, and Revlimid may run anywhere from $4,000-12,000 a year. For the record, Medicare Part Ds catastrophic coverage threshold for prescription medications is [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:13-04:00December 21st, 2016|Healthcare, Medicare, Personal Finance|Comments Off

Characteristics of the Millionaires Next Door

Characteristics of the Millionaires Next Door The habits and values of wealthy Americans. Just how many millionaires does America have? By the latest estimation of Spectrem Group, a research firm studying affluent and high net worth investors, it has more than ever before. In 2015, the U.S. had 10.4 million households with assets of $1 million or greater, aside from their homes. That represents a 3% increase from 2014. Impressively, 1.2 million of those households were worth between $5 million [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:13-04:00December 7th, 2016|Estate Planning, Personal Finance, Savings and Investing|Comments Off

What Expenses Could Change When You Retire?

What Expenses Could Change When You Retire? Some costs could rise, fall or even disappear. Your retirement may seem near at hand or far away, but one thing is certain: your future will differ from your present. Financially, that fact is worth remembering. Some of the costs you have paid regularly all these years may suddenly decrease or fade away. Others may increase. Will your insurance costs rise with age? Maybe not. You may find that your overall insurance expenses decline. [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:13-04:00November 23rd, 2016|Personal Finance, Saving & Budgeting, Savings and Investing|Comments Off

How Much Home Can You Afford?

How Much Home Can You Afford? That depends on a number of factors. Check on them to see if you are ready to buy. Does buying a home make sense for you financially? It may or may not, depending on some financial, career, and lifestyle factors. Your savings, your credit, your salary, your level of disposable income, and your housing preferences all count. If you are serious about becoming a homeowner, you should have three priorities: keeping your credit score [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:13-04:00November 10th, 2016|Financial Fitness, Real Estate, Savings and Investing|Comments Off

Social Security: Myths vs. Facts

Social Security: Myths vs. Facts Dispelling some misperceptions about the program. Some myths & misperceptions keep circulating about Social Security. These are worth dispelling, as more and more baby boomers are becoming eligible for their retirement benefits. Myth #1: Social Security will go away before you do. The federal government has announced that Social Security may become insolvent between 2033 and 2037 if no action is taken – but it is practically a given that Congress will act on the [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:14-04:00October 10th, 2016|Personal Finance, Social Security|Comments Off