Comparing Life Insurance Policies

Like anyone else, you want a life insurance policy that meets your needs and budget. But how do you find the right policy when there are so many to choose from and many of them seem so similar? The key is knowing how to compare policies and evaluate the results. Know what you want–and compare apples to apples Your first …

How to Protect Your Wealth as You Get Older

As you get older and closer to retirement, your financial practices need to shift slightly as you transition from working and saving to relying on your nest egg. As you approach this stage of your life, you need to take steps to protect your wealth. Keep these tips in mind.   Shift Toward More Conservative Investments   As a general …

How Much Life Insurance Do You Need?

How Much Life Insurance Do You Need? Your life insurance needs change as your life changes. When you are young, you may not have a need for life insurance. However, as you take on more responsibility and your family grows, your life insurance needs increase. Your needs may then decrease after your children are grown. You should periodically review your …

National Life Insurance Awareness Month

September is National Life Insurance Awareness month. And while most of us likely recognize that life insurance provides us peace of mind and security, there may be a few things you don’t know. Life Insurance is Not Just for the Young Many people – but not enough – will buy life insurance in young adulthood. But life coverage provides some …

Back to School: Getting Your Financial House in Order

The abrupt end to the 2019-2020 school year in many parts of the U.S. left parents and students alike struggling to establish healthy routines. As many students prepare to head back to the classroom (or the remote classroom) this fall, what steps can parents take now to get their houses in order? Learn how dependent care accounts, 529 accounts, and other …

I’m Changing Jobs. What Should I Do With the Money in My Plan?

Changing jobs is an important decision — one that many of us are making more often. Once you’ve decided to switch jobs, your next move is to determine what to do with the money in your former employer’s retirement plan. Four Common Options Generally, you have four options or a combination of options for handling the money in your account: …

ABCs of Investing for College

Invest early. Invest often. Invest for growth. These are the basic principles of saving for your child’s college education. The earlier you begin a savings program, the more time you have to benefit from the power of compound interest. For example, if you start saving $200 per month when your child is an infant with a 7% rate of return, …

3 Mistakes to Avoid Before Taking Required Minimum Distributions

Uncle Sam wants your money. He has bills to pay, just like you. And he’s been waiting patiently for decades for you to hand over his share of your tax-deferred retirement dollars. He expects some folks to be stubborn about it, so he has an answer. It’s called a required minimum distribution (RMD), and savers who have money stashed away …

Risk Management and Your Retirement Savings Plan

All investing involves risk, including the possible loss of principal, and there can be no assurance that any investment strategy will be successful. Investments offering a higher potential rate of return also involve a higher level of risk. By investing for retirement through your employer-sponsored plan, you are helping to manage a critically important financial risk: the chance that you …

Six Tips To Take Control of Your Financial Health

Similar to taking care of your personal health by proactively incorporating healthy habits and annual checkups, you can also take control of your financial health when you are proactive and engaged in managing your finances. And also like your physical and mental health, your financial health requires an ongoing commitment and focus in order to get results. Regardless of your …