Even if you're not ready to retire, understanding how you benefit from Social Security can help with your retirement plans.
You’ve worked hard and after five years of disciplined savings, you’ve been approved for a 20 year $200,000 mortgage. It’s an exciting time and amongst the financial decisions ahead of you is determining if you should buy the bank-sponsored mortgage life insurance policy recommended by the loan officer.
While divorce may be hard on your emotional wellbeing, you shouldn’t let it impact your retirement plans.
A big mistake many professionals make with disability insurance coverage is that they take what is offered, and then buy and forget it. If they purchased it from one of the top insurers for disability insurance, they have probably been assured that they have the best possible protection with an “own occupation” definition of disability.
Living on a fixed income can be difficult. Do you know how taxes will affect your financial health in retirement?
It’s never too early or too late to start planning for retirement. However, in the U.S., when it comes to retirement savings, later seems to be the standard. According to RothIRA.com, only 56% of today’s workers in the U.S. are currently saving money for their retirement, and 38% of those currently saving have less than $10,000 saved.
Almost any large nonprofit organization has a planned giving department that will guide you through the maze of giving options available. While planned giving can be very beneficial – and profitable for organizations, it’s also an effective way for you to realize significant tax benefits, have income provided, and be assured that the organization or charity that you’ve supported for years will continue to be provided for in the future. Navigating through the various planned...
Credit Management in the 21st Century In today’s world, good credit is a necessity. Today, our credit score affects much more than our ability to buy a house or finance a car. Our credit score can also affect our insurance premium, our ability to rent an apartment, and even our ability to get a job. Consumer FICO scores are calculated using the information found in your credit report, including the number of open accounts, how...
While you might have been planning your retirement for many years, there may come a time when you need to retire earlier than expected.
The Human Resources representative asked you to review a stack of paperwork before your new employee benefit orientation meeting. Understanding that this is your first of what research indicates will be about twelve jobs, you figure now would be a good time to learn what you can about Group Life Insurance. Group Life Insurance is a term life insurance benefit provided by your employer at no cost to you. The employer is the policy owner...
Started in 1996, 529 plans provide tax incentives for those saving for post-secondary education. The plan allows funds saved to be used at any eligible education institution, which typically includes colleges, universities, vocational schools or any post-secondary educational institute that is currently eligible to participate in U.S. Department of Education student aid programs. Operating much like at 401(k) or IRA, funds deposited into a 529 plan are not taxed, either by the federal government or...
The rising popularity of robo-advisors has some in the industry wondering whether this is the beginning of the end for financial advisors. In reality, robo-advisors have been able to do something that traditional financial advisors have not; get those with limited resources to begin creating a portfolio of investments. Experienced financial planners typically don’t accept clients with less than $200,000 or (much) more in their portfolio. On the other hand, some robo-advisors are accessible with...
