Personal Finance Predictions For 2021

Personal Finance Predictions For 2021
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Personal finance predictions for 2021 by Adam Erlebacher, Co-Founder and CEO of Fabric, the one-stop-shop helping parents protect their family’s financial future.

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Predictions For Personal Finance

More Americans Will Be Writing Their Last Will And Testaments Online

Even before coronavirus, most of us weren’t keen on spending hours (and thousands of dollars) to sit in a lawyer’s office in order to designate simple but important things like who should watch our kids if we were no longer here. Fabric was already at the leading edge of online will creation, with more than 50,000 people drafting a will through our free online service. I expect the trend toward online estate planning to continue picking up speed. Greater access to estate planning services means that more families will gain peace of mind—and since 3 in 5 U.S. adults don’t have a will, that’s a big deal.

Morningstar Investment Conference: Gabelli Funds On Where To Invest Amid Inflation

InflationNumerous news headlines have trumpeted major concerns about inflation, which has been at 40-year highs. But how should investors handle inflation as it pertains to their portfolios? At the Morningstar Investment Conference on Monday, Kevin Dreyer, co-CIO of Gabelli Funds, outlined some guidelines for investing in the age of inflation. Historic inflation Dreyer started by Read More

States' Recognition Of Digital Signatures Will Accelerate

Previously, the vast majority of states required paper-and-ink signatures to make a will legally binding, whether you created it online or not. But as Covid cases spike throughout the country, more and more states are recognizing that people should be able to get their estate in order while remaining socially distanced. Utah enacted the Electronic Wills Act, and Nevada, Indiana, Arizona and Florida have passed laws authorizing electronic wills. I expect this trend to continue and accelerate due to current events; New York and Connecticut issued executive orders allowing for temporary electronic notarization or execution of wills due to Covid. California, the District of Columbia, New Hampshire, Texas and Virginia have all considered e-will legislation, and I expect more states will follow.

Life Insurance Health Exams Will Become A Thing Of The Past

The old way of applying for life insurance involved an in-person health exam, in which a medical professional came to your home or office. Of course, inviting strangers into your home can pose challenges during the pandemic. The technology already exists to assess risk accurately through digital information. That means that the majority of applicants may be able to receive a final decision on life insurance underwriting without an exam. With this “accelerated underwriting,” you can apply online and could be approved for a policy instantly, without a health exam, at the same price as if you had taken a full health exam. Even after the pandemic lifts, I predict that consumers will continue to fully expect this new level of convenience.

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Jacob Wolinsky is the founder of, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at) - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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