If you are like me, when you need to go somewhere farther than one mile, you drive. We have a certain level of control over how fast we drive. This control is particularly salient in country roads and highways. The faster we choose to drive, the sooner we get to our destination. This upside comes with a downside, however. The quicker we go, we start to run into several risk factors. We risk missing a turn or exit, we risk violating traffic laws and regulations, and we risk getting into an accident. When we drive really fast, these risks are further magnified.

The same argument can be made about investments.

Are you losing sleep over your investments? Do you keep checking your accounts with mobile apps? Do you follow the financial news daily? If you answered “yes” to the questions above, you could significantly improve your wellbeing by merely checking your investments less often. 

The COVID-19 pandemic has caused unprecedented strain on families and relationships. While the emotional toll of dissolving a marriage may be top of mind, there are important financial considerations as well. 

Financial Independence Retire Early (FIRE) is a lifestyle movement that inspires people to seek more financial and lifestyle freedom – creating more of what you truly value. No matter where you are on your FIRE journey (skeptical about it, beginner, or retired), learning about the principles of FIRE has something to offer you. 

So many things change during a divorce that it can be difficult to keep track of it all. One important thing you can’t afford to let fall through the cracks is your health insurance coverage. If you are listed as a dependent on your spouse’s policy, then you will lose your coverage when the divorce is finalized.

Don’t let this happen! Without health insurance, you’ll be on the hook for all your medical costs, including your current prescriptions, medical appointments, and any emergencies that arise. Even a minor medical emergency, like a broken arm that requires surgery, will cost an average of $16,000. If you are losing coverage, here’s what you need to know about how to find and get new health insurance coverage.