health insurance

One Big Beautiful Bill Act: Impacts on Obamacare, Health Insurance Options, and Tax Reduction

A small, but growing portion of the US population participates in the health insurance marketplace, commonly known as Obamacare. This marketplace offers direct access to health insurance plans from major providers, while also providing a potential insurance premium tax credit for eligible participants, based on household income and participant age, making monthly premiums more affordable for many. 

Given the continued surge in health-related costs, legislation several years ago enhanced the premium tax credit for many households; however, the One Big Beautiful Bill Act, signed in July, has eliminated this additional credit. 

Today we’ll explore some of the repercussions of this decision and its impact on Wyoming individuals and families. We’ll explore some alternative paths to health coverage to help families ensure they’re sufficiently protected from the high costs of health-related incidents, and share an example of how Obamacare can still be a viable health insurance option.

5 Financial Tips for Starting 2019 On The Right Foot

A happy 2019 to you all.

I hope last year was a great one for you, and that you’re looking forward to this new year, with the chance for new beginnings. I love starting fresh with the opportunity to set new goals and priorities.

To that end, I’d like to share 5 financial tips worth considering as you think about how you might want to tune-up your financial life this year. These are just suggestions, but in the many financial conversations I’ve had with others, these five points hit on resolving some of the biggest financial concerns I hear when I talk with others.

I hope you enjoy my latest (and first!) post of 2019.

Where Do Your Kids Fit In Your Financial Plans?

When Eleanor joined our family, we had a lot of financial things to consider. How will having a child impact our budget? Which expenses would increase or be new? (Some answers: food, health insurance, and diapers, diapers, diapers).

In my planning mind the bigger question was how were our financial priorities changing? Kellie and I started thinking about saving for Eleanor’s schooling through a college savings plan. But did saving for Eleanor’s college trump or impede our other financial priorities?

Regardless of what stage your family is in (growing, maturing, or empty-nesting) it’s important to think about the financial implications of these different stages even if they feel far down life’s road.

Doing so can help you anticipate the changes that will inevitably come and make better financial preparations for the future.

How to Prioritize Your Finances by Understanding Your Values

Conflicting priorities are at the heart of much of our everyday lives. We have a long list of things we know we should get done, but with limited time, resources, and energy. Unfortunately, family finances often fall to the bottom of the list.

This is a problem because our own financial picture and family goals probably look different than someone others. As a result, we need take steps to make sure our own goals are getting done, and in the right order.

As you think about how to prioritize your own financial decisions, here are some guidelines to consider.