Perspectives & Insights Article

If you are changing employers or find yourself unexpectedly unemployed, your financial plan can change dramatically, and you need to consider what to do with the assets in your 401(k) or other employer-sponsored retirement savings plan. Decisions made now can greatly impact your financial condition upon retirement, so it is important to research your options and understand the merits of each choice.

Leaving the workforce and retiring is both an exciting time and one of stress — creating a number of questions and concerns. As with any major life change, planning ahead can enhance the outcome of your long-awaited move to retirement.

While we don’t know what the future may bring, we can plan for the possibilities. For many of us, this includes acknowledging that we may need extra assistance down the line, in the form of long-term care.

You have worked hard to accumulate your wealth and, through thoughtful planning, you can also determine how it is distributed once you are gone. There are multiple reasons why a trust may be a good option for you.

Is it possible to save for both medical bills and retirement? According to a 2018 Employee Benefit Research Institute report, a 65-year-old couple, both with median prescription drug expenses, may need an estimated $296,000 in savings to have a 90% chance of having sufficient funds for healthcare expenses in retirement. Since healthcare expenses have historically risen faster than the cost of living, having a plan to cover these future expenses is critical.

Have you taken the time to create a personal budget? If not, you are not alone: only one in three Americans prepares a detailed household budget. But as you begin to travel the road toward financial success, you will find that goals are easier to reach when you start with a map.

It is well-known that money is the leading cause of disagreements in marriage as two individuals must come together to form a cohesive financial unit. Now that you have said “yes” to the ring…will you both say “yes” to combining finances?

The steps are predictable: Graduate from college, start your first job and then, with a few paychecks in the bank, start saving for retirement and make sure you have the necessary insurance to cover your other stages of life. But for millennials, the current generation of young adults and the largest generation in the U.S., the process doesn’t necessarily include life insurance coverage. A Gallup poll indicates that millennials are the least likely to be engaged with their primary insurer and a...

With the holiday season upon us, it is time to start thinking about how you can give back in a multitude of ways that could also be beneficial to you, as the donor. Making a charitable contribution of money or time in place of traditional gift-giving can make your holiday shopping that much easier, while helping someone in need.

In today’s society there is no such thing as simple, especially when it comes to families. Complicated family structures are becoming more prevalent, with a decline in the so-called “traditional family.” According to Pew Research, only 46% of children are living with two married parents in their first marriage, compared with 73% in 1960; one in six children are living in blended families (Parenting in America, Dec. 2015). With these newer unique family structures, come questions and complexit...