Tag: Financial planning

While the global average life expectancy has risen significantly over the last several decades, it is a complex metric influenced by numerous factors. Understanding **why is it important to know life expectancy** can move it from an abstract figure to a powerful tool for personal planning, motivating healthier habits, and shaping effective public policy.

Over one in four 20-year-olds today will experience a disability that keeps them out of work for at least a year before they reach retirement age. This reality makes it crucial to understand **what is a prolonged disability** and how to prepare for its significant life challenges. A prolonged disability is a long-lasting health condition that severely limits an individual's ability to work and perform major life activities.

In medicine, doctors often embrace a “first, do no harm” philosophy, a prime example of a conservative strategy. This approach prioritizes caution, minimal intervention, and the preservation of resources, whether that resource is a patient's physical body or financial capital. This article provides a comprehensive look at what is an example of a conservative strategy and how it applies to different areas of life.

According to the National Home Education Research Institute, homeschooling surged during the pandemic, highlighting a complex relationship with home life. Whether due to remote work, ownership, or extended confinement, understanding the disadvantages of home is crucial for managing expectations and safeguarding your well-being.

According to the American Association for Critical Illness Insurance, approximately 75% of adults over age 40 will be diagnosed with a critical illness in their lifetime. Understanding **what are the 36 critical illness** conditions covered by insurance is vital for securing financial protection against unforeseen health crises.

Brain science shows that the prefrontal cortex, responsible for decision-making and rational thought, is typically the last part of the brain to fully mature, with development peaking around age 25. This pivotal age marks a significant transition, raising the question: What changes when you turn 25, and how can you prepare for them?

According to the National Institute on Aging, a health care proxy—often also called a health care agent—is a person you choose to make medical decisions if you become unable to. This vital component of advance care planning is distinctly different from a standard Power of Attorney (POA), which primarily focuses on financial and legal matters. Understanding the fundamental difference between a POA and a health care agent is crucial for comprehensive estate planning.

According to the World Health Organization, non-communicable diseases like heart disease and cancer account for a majority of global deaths annually, underscoring the severity of such health crises. For individuals and families, understanding **what conditions are classed as critical illness** is a crucial step in securing adequate financial protection through insurance.

According to a 2022 market survey by Gen Re, cancer, heart attack, and stroke represent over 70% of critical illness claims. Knowing what the big 3 critical illnesses are is the first step toward proactive health and financial planning, helping you protect yourself and your family from unexpected medical events.

Founded in 1975 by John C. Bogle, The Vanguard Group is a giant in the financial world with over $9 trillion in assets under management in 2024. To properly answer the question, "Who owns Vanguard?", one must understand its revolutionary mutual ownership model that sets it apart from most competitors.