Category Archives: Financial Services

What to Do If Your Term Life Insurance Policy Is About to Expire

Posted on Monday, October 1, 2018 by

One advantage of term life insurance is that it is generally the most cost-effective way to achieve the maximum life insurance protection you can afford. However, if your term life insurance policy is set to expire in the near future, it’s important to explore your options now before the coverage runs out.

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What Are the New Rules for 401(k) Hardship Withdrawals?

Posted on Monday, September 17, 2018 by

The Bipartisan Budget Act passed in early 2018 relaxed some of the rules governing hardship withdrawals from 401(k)s and similar plans. Not all plans offer hardship withdrawals, but the ones that do will be required to comply for plan years beginning in 2019.

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Take Charge of Your Student Debt Repayment Plan

Posted on Friday, September 14, 2018 by

Outstanding student loan debt in the United States has tripled over the last decade, surpassing both auto and credit card debt to take second place behind housing debt as the most common type of household debt. Today, more than 44 million Americans collectively owe more than $1.4 trillion in student debt. Here are some strategies to pay it off.

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The Financial Implications of a Chronic Illness

Posted on Friday, September 14, 2018 by

When you live with a chronic illness, you need to confront both the day-to-day and long-term financial implications of that illness. Talking openly about your health can be hard, but sharing your questions and challenges with those who can help you is extremely important, because recommendations can be better tailored to your needs.

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Building Confidence in Your Strategy for Retirement

Posted on Monday, August 13, 2018 by

Worker confidence seems to be on the rise, while retiree confidence is on the decline. A deeper dive into the research reveals lessons and tips that can help you build your own retirement planning confidence.

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Have You Made Any of These Financial Mistakes?

Posted on Friday, August 10, 2018 by

As people move through different stages of life, there are new financial opportunities — and potential pitfalls — around every corner. Have you made any of these mistakes?

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Designating a Beneficiary for Life Insurance

Posted on Friday, August 10, 2018 by

A beneficiary is the person or entity you designate to receive the death benefits of a life insurance policy. Some states require that your beneficiary have an insurable interest in your life or be related to you, while others have no such restriction.

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Marriage and Money: Taking a Team Approach to Retirement

Posted on Sunday, July 15, 2018 by

Even when most of a married couple’s retirement assets reside in different accounts, it’s still possible to craft a unified retirement strategy. To make it work, open communication and teamwork are especially important when it comes to saving and investing for retirement.

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Protect Your Heirs by Naming a Trust as IRA Beneficiary

Posted on Thursday, July 12, 2018 by

Often, tax-qualified retirement accounts such as IRAs make up a significant part of one’s estate. Naming beneficiaries of an IRA can be an important part of an estate plan. One option is designating a trust as the IRA beneficiary.

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Going Public: An IPO’s Market Debut May Not Live Up to the Hype

Posted on Thursday, July 12, 2018 by

Initial public offerings tend to reflect broader economic and market trends. And not surprisingly, 2017 was the busiest year for the global IPO market since 2007.

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