Sunday, December 8, 2013

Your Financial Co-Pilot

If anything happens to you, your family has someone to consult.

If you weren’t around, what would happen to your investments? In many families, one person handles investment decisions, and spouses or children have little comprehension of what happens each week, month or year with a portfolio.
In an emergency, this lack of knowledge can become financially paralyzing. Just as small business owners risk problems by “keeping it all in their heads,” families risk problems when only one person has an understanding of investments.

Monday, September 30, 2013

Taking Advantage of the Provisions of Health Care Reform

Politics aside, how could coverage improve for you & your loved ones?

Health care reform has many fans and many detractors. Amid all the sound and fury, the plain facts risk being blurred. So here is a look at where the reforms stand, and what they potentially offer you.

Sunday, September 29, 2013

Should You Retire Now, Or Later?

Financially, there are reasons why you may want to work a bit longer. 

The case for working past 65. Increasingly, baby boomers are urged to work until full retirement age or beyond. (Social Security defines “full” retirement age as 66 for those born from 1943-1954; it incrementally rises to 67 for those born in 1960 or later). If your health and workplace allow this, it may be a good idea for a few notable reasons.1

Friday, September 6, 2013

The 2 Biggest Retirement Misconceptions

While the idea of retirement has changed, certain financial assumptions haven’t.

We’ve all heard about the “new retirement”, the mix of work and play that many of us assume we will have in our lives one day. We do not expect “retirement” to be all leisure. While this is becoming a cultural assumption among baby boomers, it is interesting to see that certain financial assumptions haven’t really changed with the times.

Sunday, August 25, 2013

Should You Put Your Home Into a Trust?

The arguments for & against this estate planning decision.

Uncommon, or uncommonly wise? Occasionally, a couple or a family will elect to put their home into a revocable living trust, a charitable remainder trust (CRT) or a qualified personal residence trust (QPRT). There are advantages and disadvantages to doing this.

Monday, August 5, 2013

Minimizing Probate When Setting Up Your Estate

What can you do to lessen its impact for your heirs?

Probate subtly reduces the value of many estates. It can take more than a year in some cases, and attorney’s fees, appraiser’s fees and court costs may eat up as much as 5% of a decedent’s accumulated assets. Think tens of thousands of dollars, perhaps more.1

Wednesday, July 24, 2013

Indexed Universal Life Insurance

A vehicle that may also increase your retirement savings potential.

Indexed universal life insurance has gained popularity with business owners, executives, retirees and families. Why? It allows you to build cash value with protection from downside risk.

There are advantages and disadvantages to an IUL policy, as with any insurance product, but it may appeal to people looking to accelerate retirement savings and promote retirement cash flow.