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Weekly Market Insights: FOMC Says Inflation is Still Too High
Concerns over a firmer monetary policy were heightened by fresh economic data, touching off a climb in bond yields and a slide in stock prices last week.The Dow Jones Industrial Average skidded 2.99%, while the Standard & Poor’s...
Read MoreThe 2022 Social Security Trustees Report (BOMBSHELL)
David McKnight explains the unsustainable fiscal trajectory of the social security program and how the 2022 trustees report raises a sharp warning cry.
Read More3 Tips for the Second Half of 2022
With half the year behind us, now is a great time to consider what the remainder of 2022 may hold. However, with inflation and economic uncertainty causing many of us to delay or cancel vacations, large purchases, and more, it can be...
Read MoreCan We Stop Inflation without a Recession?
Can We Stop Inflation without a Recession? - YouTube
Read MoreThe forgotten Part of Retirement Planning: Income Tax diversification
Why you should diversify your income taxes? There are 3 basic types of accounts for saving for retirement, taxable, tax-deferred and tax-free. Each account has different tax advantages, dramatically increasing the amount of money you get
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Our Country has a Fiscal Cancer
David Walker diagnoses the source of our country's fiscal woes. "Baby Boomers" have led to an imbalance in our entitlement programs, Social Security and Medicare. In order to fund these accounts, we'd have to have $42 trillion dollars.
Read MoreThe TAX TRAIN of higher TAXES is coming!
If tax rates double, how much of your hard-earned retirement savings will you really get to keep?
Read MoreThe TAX Train IS Coming!!
The TAX Train IS Coming! Facts: Our National Debt is approaching $30 Trillion. (Check it out yourself…. usdebtclock.org) President Biden proposes a fix to this problem by raising taxes on those making more than $400 thousand per...
Read MoreWhat a Pandemic Could Teach Us About Our Finances
A pandemic poses a number of challenges that not only harms our health and our communities, but also our economies. As we’ve witnessed, the rapid-moving pathogen COVID-19 has brought daily lives of tens of millions of people to a...
Read MoreSettling into Life at Home
The coronavirus is keeping us indoors, but you may still have to step out for essential errands like grocery shopping, grabbing take-out meals or picking up prescriptions from the pharmacy. As you’re venturing out, be cautious of...
Read MoreFinancial Assistance Amid COVID-19 Outbreak
The arrival of the COVID-19 pandemic has shook the financial stability of millions of Americans. In addition to mortgage relief, many financial institutions of all sizes, including Ally Financial, Bank of America, Citi, and Fifth Third...
Read MoreThings to Remember During Uncertain Times
With uncertainty swirling over the coronavirus (COVID-19), the markets are undoubtedly taking a hit. And while market volatility can be unsettling, it’s times like these when it’s important to remember we’re always keeping a watchful...
Read MoreGet Mortgage Relief from the Financial Impacts of COVID-19
As the number of COVID-19 cases in the U.S. continue to rise, Americans are seeing their hours cut, jobs disappearing, and expenses adding up. While the situation remains grim and many are waiting to return to work, homeowners are...
Read MoreWe’re Here for You!
In light of the coronavirus (COVID-19), we understand the concern and uncertainty you may be experiencing. As your entrusted financial professionals, we value not only the financial health of our clients and their families, but also...
Read MoreWhat the Extended Tax Deadline Means For You
Amid the COVID-19 outbreak, the Treasury Department and Internal Revenue Service (IRS) announced that the tax deadline is being extended from April 15, 2020 to July 15, 2020.1 This allows three additional months for taxpayers to file...
Read MoreThree Smart Ways to Use Your Tax Refund
The federal tax deadline of Wednesday, July 15 (recently extended in response to COVID-191) will be here sooner than you think. And many of you may be excited about the possibility of receiving a sizable refund. After filing taxes,...
Read MoreGet Time On Your Side: Late Retirement Planning Strategies
If you’re feeling behind when it comes to retirement savings, you’re not alone. A surprising 70% of Americans are either falling short or don’t know where they stand.1 If you find yourself in this predicament, it’s time to stop...
Read MoreAlternative Funding Strategies for Long-Term Care
As we get older and become frailer, we may find ourselves needing help with everyday activities that’s as simple as getting dressed, eating, or getting in and out of bed. Even if we’re healthy, accidents may necessitate assistance with...
Read MoreBuild Tax-Free Income For Retirement
If there’s one thing almost everyone can agree on, it’s not wanting to pay taxes. After all, who wants to give up their hard-earned money to the government? The retirement savings gap is a multifaceted issue for many working people....
Read MoreMaximizing Life Insurance Proceeds
Life insurance proceeds can allow the bereaved to properly grieve without worrying about money. It gives families the financial protection that’s needed for potential funeral costs, living expenses, or even their financial future. If...
Read MoreBoost Your Savings Goals with Tax Diversification Strategies
After working hard all your life and planning diligently to achieve financial independence, the last thing you want is having to fork over a large percentage of your income to the IRS. Even when you’ve left the workforce, taxes will...
Read MoreTwo Big Reasons You Can’t Rely on Just Social Security
Since its inception on August 14, 1935, Social Security has been instrumental in providing a foundation of income for many American retirees. Not only are Americans falling behind on savings for retirement, but Social Security was...
Read MoreHow the SECURE Act May Impact Your Retirement
The retirement landscape is constantly in flux as Americans adapt to the ever-changing financial environment. On December 20, 2019, President Donald Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act as...
Read MoreThree Estate Planning Resolutions for the New Year
As you’re making resolutions to do things better in the new year, here are three resolutions to ensure your estate plan is where it should be in 2020: Resolve to have an estate plan in place. According to a survey, 57% of U.S. adults...
Read MoreExplore the Advantages of Annuities
When planning for retirement, annuities can be critical to your strategy. They can provide a guaranteed stream of monthly payments that’ll last the rest of your life. Even though annuities may come in all shapes and sizes, here are...
Read MoreThree Tips to Start Saving Now
Saving is something many people wish to do more of, but a study finds 58% of Americans have less than $1,000 tucked away in their savings.1 Because we live in a society of consumerism and consumption, we spend beyond our means and have...
Read MoreWhy Even Single People Need Life Insurance
Life insurance isn’t just for those married with children, single adults without children can benefit from it, too. When you’re single, healthy, and childless, a life insurance policy is probably the last thing on your mind. You might...
Read MorePreparing for Tax Season
Happy New Year! It’s a new year, a new you, and a new time to do things differently—like your taxes. Tax-filing season is officially here and there are many things you can do to be prepared and organized. Here are a few simple tips...
Read More2020 Retirement Calendar
The New Year marks the opportunity for a new beginning. It’s a time to reflect, refresh, and recommit. A great way to start may be with solid financial resolutions that can help you reach your goals. You can start by making a list, but...
Read MoreThree Signs You’re on Track for an Early Retirement
The average age most Americans expect to retire is 66, but there are a number of people settling into their golden years early. Planning for a traditional retirement isn’t always that simple and striving to retire early requires even...
Read MoreHoliday Financial Woes
Many of us get so caught up in the holiday madness that we toss our budget aside and fall into what seems to be a never-ending spending cycle. Last year’s report shows about 51% of Americans overspent their budget on holiday gifts and...
Read MoreYear-End Financial Planning
As we set our eyes on the new year, it’s an ideal time to sit down and review your financial strategy. Take a few moments to review some of these deadlines and take advantage of the opportunity to grow your wealth and better position...
Read MoreOne Simple Trick for Saving More in Retirement
We all have financial responsibilities that can become a balancing act. Some that are significant to us while others aren’t. With competing financial obligations, there never seems to be enough money to go around and retirement becomes...
Read MoreIs Working in Retirement Worth It?
Today, Americans 65 and older are more likely to be working than in 1985. More than 20% are working part- or full-time, and the numbers are projected to continue climbing, according to a recent study.1 Reasons for working longer? There...
Read More2020 Social Security Changes You Should Be Concerned About
Every day, thousands of baby boomers are reaching their retirement age. A report revealed the U.S. population age 65 or older has increased by at least 50 million people in the last ten years.1 With the growth of the retirement...
Read MoreLong-Term Care Can Ease Family Burdens
If you’re like most people, you don’t like the thought that you might need long-term care (LTC) at some point in your life. Today, there’s a 70% chance that you’ll be needing some type of LTC service when you turn age 65.1 However, LTC...
Read MoreRetirement Reality Check
It’s a fact that many Americans aren’t saving enough for retirement with 69% only having 10% or less of their income saved.1 Reasons? They’re clouded by many misconceptions that leads them to ignoring the steps needed to secure their...
Read MoreUncovering Truths About Life Insurance
Life insurance may seem bewildering at first glance, but it can be very simple. This insurance serves the purpose of lessening the financial burden on the family when a loved one passes away. If you have anyone that relies on you...
Read MoreMaximizing Your Retirement Benefits
Retirement might sound like a far-off dream, but it’ll become reality sooner than you think. You’ve worked hard for it and if planned right, you can enjoy the retirement that you’ve always envisioned. Here are a few tips that can have...
Read MoreProtect Your Finances from Natural Disasters
In the past few months, we’ve witnessed a number of natural disasters. With Hurricane Season looming over our coastal areas, being prepared can help you, your family or your business minimize the impact of not just hurricanes, but of...
Read MoreAre You Aware of These Three Unique Social Security Benefits?
For many retirees, Social Security is a key component of retirement with 97% either receiving or will receive it.1 It provides a foundation of income on which workers can build to plan their golden years. Though Social Security remains...
Read MoreUnexpected Ways to Fund Long-Term Care Expenses
Believe it or not–someone turning 65 today has almost a 70% chance of needing some type of long-term care (LTC) service.1 When you think about it, the odds of being in a nursing home are a lot higher than totaling your car or losing...
Read MoreNew Parents: Plan for Financial Success
As parents, we bear the great duty of raising our children to be strong, independent, and better versions of ourselves. This responsibility comes with many financial obligations to balance for the goal of setting them up for success...
Read MoreTips for Getting the Most Out of Your Insurance Policy
Life can be full of surprises and you want to be ready for whatever lies ahead. Through life insurance, you can prepare for the unexpected by providing financial security for your loved ones in the event of your death. An important...
Read MoreThe Three Pillars of Happiness in Retirement
What does it mean to be truly happy in retirement? Is it financial independence, health, adventure, or all of the above? The vision of the ideal retirement is often different from person to person, but the foundation of a happy and...
Read MoreThree Tax Advantages of a Health Savings Account (HSA)
Many Americans are aware of the tax benefits such as individual retirement accounts, or 401(k) savings plans; but the less-known HSA can provide some major tax relief. Here are three ways:Tax-free contributions. All money you set aside...
Read MoreWhat Medicare Won’t Cover During Your Retirement
A person turning age 65 today has almost a 70% chance of needing some type of long-term care service. It’s considered one of the largest potential expenses in retirement with the average lifetime long-term care expenditure being $138...
Read MoreThree Mistakes to Avoid in Your First Year of Retirement
Congratulations! You’re finally at the finish line. Your years of hard work are coming to an end and your days of freedom are here. Although a huge weight has been lifted off of your shoulders, there are a few blunders to avoid in...
Read MoreImportant Conversations to Have with Your Spouse About Finances
Marriage is about joining your life completely with someone else’s. It’s not what’s his is hers or what’s hers is his. No one said it’s easy when it comes to having to share your entire life. Studies revealed one of the top issues...
Read MorePlanning for Retirement: Five Essential Questions to Ask
Retirement is the time where we should be able to kick back, relax, and enjoy being free of responsibility. While we’re relieved from the heavy demands of being in the workforce, in retirement, we’re in charge of our own lives and...
Read MoreEstate Plan: Do I Need One?
There’s a common misconception that estate planning is only for the wealthy. Regardless of your financial situation, an estate plan allows you to have a plan in place after your death. Especially if you have a house, children, and...
Read MoreSituations When Life Insurance Makes Sense
The last thing you’d want to think about is your own death. But the fact is–death is inevitable. While it’s a difficult topic to process, it’s a good thing to be prepared and plan ahead for when the time comes. Ask yourself these...
Read MoreThe Next Five Things You Can Do to Achieve Financial Success
July marks the halfway point of the calendar year and is the perfect time to financially reflect on what’s already passed and what’s to come: Have I saved enough? How much have I spent so far? Where am I in reaching my goals? Is it too...
Read MoreLong-Term Care Insurance: Factors to Consider
Over the years, the cost of nursing home and long-term care costs have risen and continues to surge. Studies reveal 69% of retiring Americans will need some sort of long-term care during their life.1 And if there’s a single unsolved...
Read MoreShould You Pay Off Your Mortgage Before You Retire?
Among the many challenges of retirement planning is whether you should pay off your mortgage before you retire. Though it’s collective knowledge to be debt-free as much as possible, it may not make sense or be possible for everyone. On...
Read MoreImmediate vs. Deferred Annuities: Which is Right For You?
Running out of money in retirement is a major concern for many Americans. You don’t work hard to just save for retirement and hope for the best. You want security and the stability and annuities can provide just that. Think of a...
Read MoreGetting the Most Out of Your Social Security Benefits
Social Security benefits are the bedrock of retirement income for many Americans as they approach the end of their careers. As a vital part of a retirement plan, it’s important to understand what Social Security can mean to you and...
Read MoreWhen You Should Invest in an Annuity: 5 Life Scenarios
As retirees look ahead to a retirement with uncertainties, they need to have an adequate, dependable, and long-lasting stream of income. With an unpredictable stock market, grim outlook on Social Security and pensions, and a continuous...
Read More3 Myths About Annuities You Need to Know
When it comes to investment types, annuities are often misunderstood. Annuities can play an important role in your retirement plan because it’s not just about saving, it’s also about generating a steady stream of income so you can...
Read More6 Signs You’re Not Saving Enough
We can all almost say money is always on our minds…how much do I have in my account? Am I able to afford that? Do I simply enough? Being aware of your financial health is important. Studies reveal Americans could be saving more with...
Read MoreUnderstanding the Two Primary Types of Life Insurance
Many people may think life insurance is just another unnecessary expense without realizing its purpose and benefits. The question to ask yourself is would someone in your life suffer financial hardships if you were to pass away? If the...
Read MoreSimple Steps You Can Take Now to Prepare for Retirement
It’s never too early nor too late to start thinking about retirement and planning for one. It takes careful planning for your money to last a lifetime. Here are simple action steps you can take today to start preparing for your golden...
Read More3 Common Myths About Caregiving Costs
Many Americans significantly underestimate the impact that a loved one’s long term care needs could have on their own lives, marriages, work, and not to mention their finances. As a matter of fact, 57% of caregivers surveyed tapped...
Read MoreSetting Realistic Financial Goals For Your Future
Oftentimes we tend to be unrealistic when it comes to planning how much we can achieve and how long it will take, especially when it comes to setting money goals. A general rule to reaching your financial goals is to establish a plan...
Read MorePreparing for Your Children’s College
For many, our children’s high school graduation is just around the corner and then they’re off to college. And we ask ourselves–where did the years go by? Besides seeing an empty nest, parents are also seeing empty pockets; thus,...
Read MoreDocuments that are Essential to Planning Your Estate
Estate planning is something that’s never easy to do or even to begin thinking about for that matter. But it can help give you comfort knowing your estate and loved ones are protected after your death. Avoid missteps and get your...
Read MoreThe Importance of Life Insurance for Women
Today, women are providing more financial value to their household than ever before. Studies show 51% of women are responsible for household finances while 37% reported to be the primary breadwinner of their family (compared to 31% in...
Read MoreWays You Might Get Taxed in Retirement
Seniors can benefit from many discounts and offers; however, taxes aren’t one of them. Retirees will be shocked to find that much of their income is, in fact, subject to taxes. Here are a few that you can expect to face in...
Read MoreCommon Misconceptions About Annuities
When it comes to annuities, misinformation surrounds them. To help you make a sound decision on whether or not an annuity is right for you, here’s the truth behind some of the most common misconceptions:They’re only for retirees. While...
Read MoreWomen Face Greater Risks in Retirement
When it comes to retirement, both men and women face many risks. However, women are faced with greater financial obstacles:Living longer. It’s a known fact that women enjoy a longer lifespan than their male counterparts. As a matter of...
Read MoreTaxes 2019: Common Filing Mistakes to Avoid
For many of us, we look forward to this time of year where we can expect some extra money in our pockets. The sooner we file, the sooner we can receive our tax refund. And you can do so by filing electronically, requesting your refund...
Read MoreRetirement Mistakes You Will Regret
Many of us look forward to our golden days, the days where we can simply kick back, relax, and do a lot more things we didn’t have time for during our days of labor. How comfortable and secure your retirement will be depends on how...
Read MoreWhen Does An Annuity Make Sense?
Running out of money in retirement is a worry for many people. In fact, 55% of baby boomers and 57% of Generation X expressed outliving their savings is one of their greatest fears. 47% of millennials also have similar concerns.1...
Read MoreWhen’s the Right Time to Find Long-Term Care for Your Loved One?
Making the decision to place your spouse, partner, or family member in long-term care (LTC) might be one of the hardest decisions in your life. Nobody wants to think about putting their loved ones in assisted care. For many, it is a...
Read MoreYour Tax Prep Checklist
Filing season for the 2018 tax year is officially underway. To help you stay organized as you prepare to file, use the checklist below to gather all the forms and documents you’ll need.1Identification for You and Your SpouseFull...
Read MoreFalling Behind on Retirement? It’s Still Not Too Late.
Nearly 50 percent of Americans aren’t prepared for retirement.1 However, there’s still time to catch up. Here’s some insight on how you can better position yourself for securing a happy retirement:Pay off large debts. By focusing on...
Read MoreTax Deductions 2018: Tax Write-Offs You May Be Unaware Of
It’s January of the New Year and other than starting fresh and enduring frigid temperatures, tax season has arrived. Below are some of the 2018 tax deduction changes you should know when filing in 2019.1Medical and dental expenses. You...
Read More3 Features Your Life Insurance Policy Needs
Have a life insurance policy? That’s great! If you don’t, well, you may want to reconsider. But what are some of the features that a life insurance policy should have built-in to it? There are a lot of different options, but here are...
Read MoreCritical Retirement Age Milestones to Remember
Every birthday is special – but these are particularly important in your retirement journey.1 Here are some age milestones to keep in mind:Age 55 – Penalty-free distributions allowed from 401(k), if retiredAge 59 ½ – Penalty-free...
Read MoreWelcome 2019 – Tips for Financial Success This Year
Happy New Year! We are officially in 2019, and there’s no better time to start fresh with your finances than now by laying out your goals for the New Year. Follow these simple tips below to help your financial year start off on the...
Read More2019 Retirement Calendar – Key Dates to Help Stay on Track
You’ve worked hard this year and it’s that time of the year again for New Year’s Resolutions. And for many of us, that means getting your finances in order. Follow the calendar below to track important deadlines and notices for your...
Read More3 Instances When Life Insurance Makes Sense
Many people think they don’t need life insurance for one reason or another. A lot of these same people also think life insurance is too expensive (it’s not). Add these two together, and you get a population that simply doesn’t...
Read MoreThe Ideal Retirement Savings Timeline
There are millions of different ways a person can get themselves to be financially-stable in retirement, but what is the ideal way? Through examining studies and compiling expert opinions, MarketWatch came up with an ideal timeline for...
Read MoreFinancial Planning Tips to End the Year
Now’s the time to observe your entire financial situation. The new year is upon us, so it’s only smart to start looking towards next year so you aren’t caught off-guard. Follow this quick tips and be on your way to a current financial...
Read More5 Common Retirement Terms You Need to Know
There are some things in life that are just worth knowing. Retirement terms is one of those things. Regardless if you’re far off from retirement or in the middle of it, it pays to understand some common retirement lingo, so you’re not...
Read MoreConsidering an Annuity? Ask These Questions.
Many factors come into play when you consider an annuity. They come in various shapes and sizes, so it’s important to know which questions to ask to come away with the right annuity for you. We’ve compiled a list of questions you’ll...
Read More4 Practical Ways to Use Life Insurance
We get it—life insurance isn’t the most exhilarating topic. No one wants to talk about their own death. And because of that, a lot of people don’t consider it a priority in their finances. Yet, nothing could be further from the truth....
Read MoreAvoid These Annuity Mishaps
In retirement, annuities can be an essential part of your income strategy. They can provide guaranteed income for as long as you live, and are often a great way to supplement income from the likes of a pension or Social Security....
Read More4 Retirement Planning Steps Everyone Should Take
If retirement is in your future, listen up: A secure retirement plan isn’t just about savings, it’s about generating income, too. If you’re focusing only on your retirement savings, you likely will miss out on the retirement you want...
Read More3 Life Insurance Questions to Ask Yourself
A lot of people purchase life insurance and never look back. If that’s you, you may think that once you place a life insurance policy, you’re set until, well, you know.But that’s not really the case, given life’s dynamism. Here are...
Read MoreWays to Fund Long-Term Care
With life expectancy continuing to rise as care costs grow with it, finding sustainable funding for long-term care (LTC) needs can be a challenge. Here are three ways to fund your LTC.Annuities – Annuity-LTC hybrid products deliver a...
Read MoreAnnuities in Retirement: When They Make Sense
Do annuities and retirement go hand-in-hand? Not always. But, annuities do serve as a great way to secure income in retirement, especially under certain conditions. Here are four situations where annuities make most sense in retirement...
Read MoreA Ladder Strategy for Life Insurance
Purchasing multiple term life insurance policies from different companies can prove to be a fiscally efficient strategy that works especially well if you’re able to predict when your coverage needs will diminish. For example, instead...
Read MoreWhat You Need to Know About Life Insurance Payouts
Life insurance is most valuable to you in times of need, which is why it's important to know in advance when and how to file a claim. Insurance companies are required to pay insurance claims promptly, but there are steps you or your...
Read MoreThe Best Ways to Spot Identity Theft
A recent study found that there were 16.7 million victims of identity theft in 2017, combining for a total loss of $16.8 billion.1 Still to this day, one of the most effective ways to prevent identity theft is to spot and stop the...
Read More3 Insurance Strategies as You Send Your Child to College
Sending a child or grandchild to college comes with new insurance responsibilities. Whether they're already in college or still have a few years to go, your family's insurance needs change when your children go off to school....
Read More4 Financial Tips for New College Students
Sending a child off to college? Sit down together and go over these important financial issues before dropping him or her off for the semester.Get your student set up with a credit card.If your child doesn't already have a credit card,...
Read More5 Common Retirement Terms You Need to Know
There are some things in life that are just worth knowing. Retirement terms is one of those things. Regardless if you’re far off from retirement or in the middle of it, it pays to understand some common retirement lingo, so you’re not...
Read MoreThe Combo: Long-Term Care + Life Insurance
New types of policies are emerging that combine life insurance with long-term care (LTC) insurance, getting you covered for both. If you’re intrigued by these hybrid policies, they may be worth a look. Here’s a few notes about how they...
Read MoreDid You Know These Social Security Tidbits?
How much do you know about Social Security in 2018? Because of the program’s complexity, chances are you don’t know every little piece of information. These four facts serve to fill in some gaps in your Social Security knowledge. If...
Read MoreExpert Advice on Retirement Distributions
If you’re retired or nearing retirement, you know how long you’ve been saving for your best years. Are you ready to manage your distributions well and budget correctly? If not, you may run out of money. Consider this tips when you’re...
Read More3 Tips to Find Affordable Long-Term Care Insurance
Long-term care (LTC) insurance is often overlooked as a necessity, but as humans continue to live longer lives, LTC is becoming an important asset to have in your later years. It helps take care of daily tasks when you’re unable...
Read MoreStart Increasing Your Retirement Savings Today
With retirees living longer than ever before, it’s becoming more and more important to accrue enough savings during your working years to help you live the retirement you deserve. The three strategies below can help you get your...
Read MorePurchasing an Immediate Annuity? Ask Yourself These Questions
There are many types of annuities, but immediate annuities are one of the most popular options. These annuities are purchased with one lump-sum payment and begin paying out the agreed-upon amount right away. But, to be sure this...
Read MoreWhy Personal Service Matters from Your Financial Advisor
Technology today allows for access to more information and choices than ever before across all industries – and financial advisory is no different. But, before you think about trying the next up-and-coming “robot advisor”, consider...
Read More4 Signs You Aren’t Saving Enough Money
Did you know that 65% of Americans end up saving little or nothing at all? And only 39% can cover a $1,000 emergency. This begs the question, are you saving enough money? Here’s four signs that you need to be saving more.You don’t have...
Read MoreSimple Formulas to Help You Decide How Much Life Insurance You Need
Thinking of life insurance? You should be doing your math then, too. With a few simple “rules of thumb”, and dependent on your age, you can define a solid estimate based on your loved one’s needs in the future and your current...
Read MoreTurning Your IRA Into an Annuity
Converting your individual retirement account (IRA) into an annuity can be an excellent way of supplying yourself with a steady income stream for the rest of your life. That doesn’t mean it’s for everyone, though. Here’s two pros and...
Read MoreSocial Security Tips You Need to Know Now
Social Security is meant to lead people into a comfortable, stress-free retirement. But, that doesn’t mean you don’t encounter some unchartered territory along the way. These tips should help you navigate Social Security with greater...
Read MoreStay Away from These 3 Estate Planning Mishaps
Estate planning is no easy task. There’s a lot of time and energy put into each plan. Every estate plan is unique, but unfortunately, the same mistakes occur. This isn’t an exhaustive list, but these three classic mistakes are...
Read MoreCatch Up on Your Retirement Savings
The reality is many Americans – about 50 percent – aren’t prepared for retirement. If you don’t have enough saved up for your golden years, there is one way to catch up relatively quickly. Work a little longer. We know, we know, it’s...
Read MoreWhat are Fixed Indexed Annuities?
You may have heard about fixed indexed annuities (FIAs) through the news, your friends or family, or perhaps your financial advisor…but do you know what they offer? Here’s four important characteristics of FIAs. FIAs allow people to...
Read MoreTerm Life Insurance vs. Whole Life Insurance: What’s the Difference?
It’s no secret that life insurance gives a much-needed financial safety net for your dependents if you aren’t around to be there. Mortgages, funeral costs, debt – the list of costs is plentiful. But when you’re deciding on a new policy...
Read MoreClear Tax Benefits of a Health Savings Account (HSA)
Many Americans are aware of the tax benefits from certain savings accounts such as individual retirement accounts, or 401(k) plans; but the less-known HSA can provide some major tax relief. Here’s three ways: 1. Tax-deductible...
Read More3 Ways to Turn Retirement Savings into Income
Most of our lives are spent saving for retirement, but when the time comes, how do you turn that nest egg you’ve created into a steady income? We’ve broken down three ways. 1. Annuitization. Income annuities take a lump sum of cash...
Read MoreFor Financial Stability, Turn to Annuities
Americans routinely report being anxious about their money and retirement plans. Today, over 50% of American adults report being either “very” or “moderately” worried about retiring with too little money. How can you achieve a...
Read More3 Secrets to Buying LTC Insurance
As you get older, the pressure to plan for long-term care costs rise with your age. To get a good deal on long-term care (LTC) insurance easier, here’s a few secrets for you. 1. Assess your risk. When you’re searching for the right LTC...
Read MoreThe Case for Taking RMDs Early in the Year
Even though required minimum distributions (RMDs) are due by the end of the year, there’s some practicality in taking advantage of your RMDs earlier rather than later. Here’s three reasons why taking RMDs out early can be advantageous:...
Read MoreOne Pro and One Con for a Bucket Savings Strategy
The “bucket” savings strategy has been gaining traction in recent years, but is it right for you? The idea is simple: have three “buckets” of money where you save – one for now, one for soon, and one for later. Assets are then...
Read More3 Myths About Life Insurance You Need to Know
With all its intricacies and technicalities, life insurance can be tough to figure out. Knowing these three myths can make your pathway to coverage easier to understand. Myth #1: I should always buy term insurance and invest the...
Read More3 Reasons Annuities Make Sense for Retirement Right Now
Annuities have been a hot commodity in recent years but can sometimes get a bad reputation. While annuities aren’t for everyone, there are situations where annuities may be the best option available, especially as you near retirement....
Read More5 Tax Changes You Need to Know for 2018
It’s that time of year—Uncle Sam is asking for money again. If you’ve kept up with the news, you probably know the tax laws have changed a bit. Here’s five important changes you should know before Tax Day. 1. Standard deductions...
Read MoreBest Reasons for Long-Term Care?
Not the most exciting topic, long-term care (LTC) is often avoided or overlooked by people when planning their retirement years. However, it can be one of the most important things to have later in life. Having an LTC policy in place...
Read MoreShould You Take Social Security Benefits at 62?
It’s not for everyone. But, if it’s possible for you, there’s a few great reasons to start collecting Social Security once you hit the age of 62. Check out the reasons below and see if it seems right for you. Reason #1: You may have to...
Read More4 Big Benefits of 401(k) Plans
Whether you're aware of them or not, there are some substantial benefits to having a 401(k) plan. Here are four benefits that make these plans worth having. 1. Payroll deduction. At the surface it may not seem ideal, but in reality,...
Read MoreIt's Never Too Early to Estate Plan
A lot of people ask, “When should I start my estate planning?” The shorter answer is: it’s never too early. There’s lots of ways to go about planning, but generally there are three main steps to be followed when you start: Start by...
Read MoreSocial Security Changes for 2018
The new year has begun, and with it, some tweaks and changes have been made to Social Security that its beneficiaries may notice. Here’s a look at what you can expect if you’re a beneficiary in 2018: A higher tax cap. Workers will now...
Read MoreWhat Are Your Annuity Options?
Annuities: insurance contracts that offer guaranteed income, usually for life. Some even have capital appreciation. But, you probably already knew that. Do you know the five primary types of annuities, though? Each is unique, and all...
Read MoreJanuary 18, 2018 - Financial Advice for a Prosperous New Year
A new year brings with it lots of excitement, but also a lot of uncertainty. As a family, are you taking to necessary steps to set achievable, realistic financial goals for 2018 that will help remove any uncertainty from your personal...
Read MoreDecember 20, 2017 - Tips to Help You Manage Your Charitable Giving
Giving to charities is a great way to help out your community and give back during the holiday season. Charitable gifting can take many forms, from cash donations to even donated appreciated assets. And individual donations make up...
Read MoreDecember 13, 2017 - Save More Money With These Tips
Financial information can often include confusing industry jargon and lingo. But understanding your financial details can help you use better judgment to make decisions. We are continuing our guide to help you get a hold of common...
Read MoreDecember 6, 2017 - Save More Money With These Tips
No matter your stage in life, saving money is essential to ensure you can afford your lifestyle. Yet, Americans have a money-savings problem: 69% of people do not have $1,000 in savings.[1] Without this financial buffer, we end up...
Read MoreNovember 29, 2017 - Financial Checklist for Newly Widowed Spouses
Losing a loved one and life partner is a devastating experience that no one can fully predict. Despite the emotional heaviness one must navigate, another pressing topic requires attention: finances. Knowing how to move forward in your...
Read MoreNovember 22, 2017 - Money Tips for your Children and Grandchildren
Financial literacy in America is staggeringly low. The U.S. ranks 14th on a global scale of financial literacy, and 1 in 5 teenagers do not have basic financial skills.[1] Helping our younger loved ones to understand the...
Read MoreNovember 15, 2017 - Today’s Costs of Long-Term Care
Saving enough money to last through retirement is an ongoing responsibility and one that Americans should take seriously. And the money you may need could be is more than simply replacing the income you had during your career. You...
Read MoreNovember 8, 2017 - How Life Insurance Can Help Business Owners
Owning a business in the U.S. is an integral factor of our economy. In fact, the U.S. has 28.8 million small businesses, comprising 99.7% of all business in America.1 And while risks abound in entrepreneurship, owners can take...
Read MoreNovember 1, 2017 - Common Life Insurance Riders: Ways to Boost Your Protection
When purchasing a life insurance policy, you can opt to add on different benefits to a standard policy and expand your coverage. These riders help you customize your protection for supporting your family’s unique needs. Different life...
Read MoreOctober 25, 2017 - Common Life Insurance Riders: Ways to Boost Your Protection
When purchasing a life insurance policy, you can opt to add on different benefits to a standard policy and expand your coverage. These riders help you customize your protection for supporting your family’s unique needs. Different life...
Read MoreOctober 18, 2017 - Today’s Costs of Long-Term Care
Financially preparing for retirement is essential in order to maintain your quality of life as you age. As long-term-care costs continue to rise, having adequate money to cover any medical situations is an escalating concern. And the...
Read MoreOctober 11, 2017 - Financial Reminders for Empty Nesters
So, you have sent the kids off on their own and now find yourself an empty nester. This new life stage brings quieter vibes in the house and less multitasking to manage. But beyond the physical changes, you also have new financial...
Read MoreOctober 4, 2017 - Tax Benefits Available as You Age
Finding any helpful reason to pull down your tax liabilities is a welcomed benefit, no matter one’s age. But, once you move into your golden years, exploring new tax benefits is worth the time and effort—you may have specific tax...
Read MoreSeptember 27, 2017 - Ways to Stay Active In Retirement
Once retired, many once-active people fall prey to the lure of the couch. With newfound time on their hands and a new life stage before them, finding ways to occupy themselves can be challenging. Yet, making a point to stay active and...
Read MoreSeptember 20, 2017 - Life Insurance Awareness Month: Facts to Know
September is Life Insurance Awareness Month, which aims to increase awareness about the importance and helpfulness of having life insurance coverage. Over the years, life insurance has become an essential way to protect one’s...
Read MoreSeptember 6, 2017 - Financial Checkup: Are You Maintaining a Healthy Financial Life?
No matter what life stage you’re in, knowing your financial health is important. Just as a regular checkup with the doctor will give you insights on your medical well-being—and any course corrections you should take—so, too, will...
Read MoreAugust 30, 2017 - Long-Term-Care Insurance as a Retirement Planning Strategy
Ensuring you have the money you need to support you throughout retirement is an ongoing responsibility that shouldn’t be overlooked, no matter what retirement stage you’re in. When building and maintaining your plan, healthcare is a...
Read MoreAugust 23, 2017 - Financial Tips for Caregivers of Parents and Children
Serving as a caregiver for your parents and children is a hefty responsibility that can impact many areas of your life. As a “sandwich generation” member, you are supporting aging parents—who may be ill, unable to be financial...
Read MoreAugust 16, 2017 - Important Topics for Seniors to Discuss With Their Adult Children
Aging can be a difficult topic for families to address when planning for seniors’ financial and care needs. Discussing emotional details such as wills and caregiving needs can feel heavy and complicated, making the conversations easy...
Read MoreAugust 9, 2017 - Debunking Common Annuities Misconceptions, Part 2
Having enough money to last through retirement is essential, and retirees have a variety of financial strategies to help them build the lifelong income they need. One such financial option is purchasing annuities. Yet, many myths...
Read MoreAugust 2, 2017 - Tips for Not Running Out of Money in Retirement
Most of your adult life, you’ve probably focused on building a retirement savings that will cover your living costs. But once you officially retire, your financial planning shouldn’t stop. Managing your expenses to support your...
Read MoreJuly 26, 2017 - Events That Can Prompt Changes in Life Insurance
Our lives inevitably change requiring us to evolve with the momentum. And for those holding life insurance policies, keeping your policy up-to-date and relevant to your life is essential. A variety of events can come our way at any...
Read MoreJuly 19, 2017 - Tips to Keep in Mind When Managing Your Annuity Income
For many people planning for retirement, investing into annuities is a helpful strategy to build guaranteed income. Once you take retirement distributions, you receive a set amount based on details like the annuity you purchased and...
Read MoreJuly 12, 2017 - Marrying Later in Life? Here Are Key Financial Tips to Consider
No matter what stage of life someone’s in when he or she marries, a union brings reason to celebrate. And, for individuals who are 55 and older, remarrying is even on the rise.[1] When marrying later in life, people’s finances are...
Read MoreJuly 05, 2017 - The Baby-Boomer Retirement: How They're Redefining This Life Stage
Everyday, more and more baby boomers retire, bringing with them a shifting retirement landscape. This large demographic began turning 65 years old in 2011, and by 2029, all boomers will be at least 65, forming 20% of the U.S....
Read MoreJune 28, 2017 - Address These Key Financial Items When Retiring From Military
A seasoned military career brings a unique professional experience for millions of people each year. We have roughly 1.3 million active-duty military service members.1 And at least 1.47 million non-disability military retirees receive...
Read MoreJune 21, 2017 - Want to Retire Closer to Grandchildren? Consider These Items
As retirees embrace their new life stage, many of them consider relocating to other locales. In fact, almost two-thirds of retirees plan to move or do move in retirement.1 While retirees move for a variety of reasons, relocating in...
Read MoreJune 14, 2017 - The Correlation Between Interest Rates and Annuities
Many retirees invest in annuities as a helpful strategy for building retirement income. Since fixed-rate annuities can provide guaranteed payments at set amounts, retirees can more easily predict and manage their budget. And having...
Read MoreJune 7, 2017 - Tips to Keep Your Finances in Order When Divorcing Later in Life
Divorcing later in life is becoming more normal for people who are 50 years or older. In fact, since the 1990s, this “silver divorce” rate has more than doubled. In 2015, for every 1,000 married people 50 and over, 10 divorced — an...
Read MoreMay 31, 2017 - Maintain Summer Costs: Tips for Trimming Seasonal Expenses
Summertime is nearly here, along with running ACs, cooling off at the pool, and other quintessential summer actions returning across the country. Beyond the temperature increase, summer can also bring increased spending. Here are some...
Read MoreMay 24, 2017 - Financial Readiness for College Graduates
Have a new college graduate? Give your loved one the gift of financial readiness. The time of year is here when budding college graduates go out into the world to make their career dreams and goals a reality. Yet despite their new...
Read MoreMay 17, 2017 - A Quick Guide to Common Insurance and Annuity Terms
Navigating complex terms when managing your finances is an ongoing responsibility. Yet, with all the information to process, understanding the plethora of jargon and industry-specific terms can be cumbersome. We’re continuing our...
Read MoreMay 10, 2017 - Details to Know About Taking Lump-Sum Payments
When retirees have policies such as annuities, they receive distributions from these investments that can provide them with income. As such, when you hold annuities, you can typically elect different ways to receive this money, and...
Read MoreMay 03, 2017 - Debunking Common Annuities Misconceptions
When you are planning for retirement, creating a strategy to receive ongoing income is an important way to help ensure you can maintain the quality of life you desire. Annuities can be a helpful tool for many investors, due to the...
Read MoreApril 27, 2017 - Time to Spring Clean Your Accounts
With the spring season budding, now is a great time to ensure your financial accounts are up to date and secure. Just like the dust that can collect in your house, so too can your financial accounts grow stale. No one wants to add...
Read MoreApril 19, 2017 - Know the Difference Between Qualified and Nonqualified Annuities
Know The Difference Between Qualified and Nonqualified Annuities For many investors looking to secure their cash flow in retirement, annuities are a common way to receive the guaranteed income they need in the future.1 Different...
Read MoreApril 12, 2017 - Are you Prepared for Retirement Healthcare Costs?
Paying for healthcare in retirement is no small task. With costs escalating and coverage growing more complex, you can take steps today to help ensure you’re not struggling tomorrow. As your explore your own retirement planning and...
Read MoreApril 5, 2017 - Maintain Your Standard of Living in Retirement
Maintain Your Standard of Living in Retirement Saving for retirement, and working to maintain your standard of living, is an ongoing responsibility so you don’t see your quality of life drop in your later years. Unfortunately, for...
Read MoreMarch 27. 2017 - Markets Stumble. What Does Data Say?
Last week, all four of the indexes we discuss in these market updates saw their performance stumble. The S&P 500 lost 1.44%, the Dow was down 1.52%, the NASDAQ gave back 1.22%, and the MSCI EAFE declined 0.07%. 1 On Tuesday, March 21,...
Read MoreMarch 15, 2017 - Retiring While Owning a Business
Being a small business owner is a unique life experience that can provide many personal and professional rewards, such as being in control of your career. But, this also brings specific financial challenges when creating a path to...
Read MoreMarch 8th, 2017 - Why You Still Need Goals-Based Planning In Retirement
Before you retired, you spent time creating strategies that could help you reach your goals in retirement. You might have invested for the income you need, minimized your debt, or protected yourself with long-term-care insurance,...
Read MoreMarch 1, 2017 - Tax Benefits of Life Insurance and Annuities
Life insurance policies and annuities can be a helpful tool for providing extra protection and income for yourself and your family. But, you can also receive deeper benefits thanks to certain tax advantages that each investment offers...
Read MoreFebruary 22, 2017 - Protect Yourself From These Financial Scams
Financial fraud is, unfortunately, a common practice in America that costs individuals and businesses billions of dollars each year. And research shows that people underreport financial fraud, which can also be difficult to...
Read MoreFebruary 15, 2017 - Financial Considerations of Widowhood
Losing a spouse is never easy — and a difficult topic for many to think about. But when you become a widow or widower, moving beyond the grief to address important financial items in your life is essential. Whether you recently lost...
Read MoreFebruary 8, 2017 - The Unique Financial Needs for Multigenerational Families
Financial lives are inherently complex and require thoughtful perspectives and strategies for yourself and your loved ones. And you have even more financial nuances to organize if your family has two or more adult generations living in...
Read MoreFebruary 1, 2017 - Five Financial Questions to Ask in Retirement
Enjoying a comfortable retirement depends on how well you prepared ahead of time to support your desired lifestyle — and how well you keep a pulse on your financial wellbeing after your retire. You may need to periodically check in and...
Read MoreJanuary 25, 2017 - Why You Need to Name Your Beneficiaries
Life insurance and annuities can bring protection and retirement income that is essential for many people’s financial needs and goals. And when you purchase these items, you gain the opportunity to name beneficiaries who will receive...
Read MoreJanuary 18, 2017 - The Cost of Healthcare and Elder Care in Retirement
When preparing for retirement, imagining the new lifestyle you’ll embark on can be exciting. From travel to family time to relaxation, a fulfilling retirement looks different to each individual. But preparing for the quality of life...
Read MoreJanuary 4, 2017 - A Quick Guide to Common Insurance and Annuity Terms
The financial world is filled with confusing industry jargon and lingo. So, to help you get a hold of common terms you should know, we’ve put together a quick guide for your reference. From life insurance to annuities, use this...
Read MoreJanuary 11, 2017 - Reasons to Revisit Your Life Insurance Policies
For most of your adult life, you’ve had the protection of life insurance to help safeguard you and your family. But as your life evolves, your family's needs and financial goals will inevitably change, too. With every transition and...
Read MoreDecember 28, 2016 - Do You Still Need Life Insurance In Retirement?
For most of your adult life, you’ve protected yourself and your family with life insurance. Having a back-up tool in place to help replace income for your family should you pass away is part of a sound wealth-preservation plan. For...
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