Insurance Services

Advisory Services

Author: user

Published
Categorized as General Blog

How Much Is Your Forgotten 401(k) Costing You in Potential Savings?

Many investors who have left a 401(k) behind with their past employer may not think it’s a big deal.  But it is. And it’s one that may be costing you more in retirement savings than you think.  Capitalize recently published a white paper The True Cost of Forgotten 401(k) Accounts stating as of May 2021,… Continue reading How Much Is Your Forgotten 401(k) Costing You in Potential Savings?

Published
Categorized as General Blog

Retirement Plan Contribution Limits for 2022

The IRS has announced contribution limits for qualified retirement plans for 2022.   However, there may be changes coming to the info below.  In the November 3 draft of the Build Back America Act currently sitting in Congress, there are proposed provisions to curb contributions and accelerated distributions for high-balance retirement accounts.  In addition, the bill… Continue reading Retirement Plan Contribution Limits for 2022

Published
Categorized as General Blog

Identifying and Instilling Family Money Values

Whether you realize it or not, you have family money values. The way parents talk about money, save money, and spend money affects their children. Business Insider explains, “Often times, the way we understand and deal with money as an adult comes from watching our parents or parent-like figures handle them. These are called ‘money… Continue reading Identifying and Instilling Family Money Values

Published
Categorized as General Blog

10 Ways to Avoid Taking on Holiday Debt This Year

The holiday season will be here before we know it. Don’t let it sneak up on you; otherwise, you may find yourself racking up holiday debt. According to the National Retail Federation, “Retail sales during 2020’s November-December holiday season grew an unexpectedly high 8.3 percent over the same period in 2019 to $789.4 billion.”¹ Keep… Continue reading 10 Ways to Avoid Taking on Holiday Debt This Year

Published
Categorized as General Blog

5 Must-Know Details about Your 401(k) Plan

If you’re confused by your 401(k) plan, you aren’t alone.   According to a J.P. Morgan 2021 Defined Contribution Plan Participant Survey, 401(k) investors are “overwhelmed and unsure about the various aspects of retirement planning.”¹ In fact, 52% feel they are presented with more plan information than they can absorb.² Perhaps this is why 51% of… Continue reading 5 Must-Know Details about Your 401(k) Plan

Published
Categorized as General Blog

16 Tips for Encouraging Kids’ Good Financial Habits

Parents should be intentional about teaching their kids good financial habits because, if they don’t, no one else will. According to Next Gen Personal Finance, a high school personal finance curriculum company, only 16.4% of U.S. high school students are required to take a personal finance course.¹ And Nitro, a student loan educational website, recently… Continue reading 16 Tips for Encouraging Kids’ Good Financial Habits

Published
Categorized as General Blog

Is It a Bad Idea to Borrow from My 401(k) to Get a House?

“Should I borrow from my 401(k) to get a house?” is a question that comes up quite a bit, especially with first-time homebuyers. It’s understandable because it can be difficult for many first-time homebuyers to accumulate enough savings to make a down payment.  It’s standard for banks to require as much as 20% down, and… Continue reading Is It a Bad Idea to Borrow from My 401(k) to Get a House?

Published
Categorized as General Blog

Are You Saving Enough to Cover These Retirement Expenses?

When it comes to retirement planning, there is often a big discrepancy between how much money people think they need and how much they actually need. And so, year after year, investors fund their retirement accounts based on how much they can afford to save now, rather than really understanding how much they may need… Continue reading Are You Saving Enough to Cover These Retirement Expenses?