Insurance Services

Advisory Services

Category: Financial Health

Published
Categorized as Financial Health, Retirement Savings, Retirement Tips

How RMD Changes Protect Your Retirement Savings

May 15, 2023 The original SECURE Act of 2019 extended the Required Minimum Distribution (RMDs) age from 70½ to 72 for retirement accounts. Now with the passing of the Omnibus Bill, SECURE Act 2.0 extends the RMD beginning date to age 73, starting in 2023. Not only does the new legislation push back the required… Continue reading How RMD Changes Protect Your Retirement Savings

Published
Categorized as Financial Health

Don’t Break the Bank: Tips for Planning Your Family Summer Vacation

Don’t Break the Bank: Tips for Planning Your Family Summer Vacation May 1, 2023 In Financial Health Now is the time to plan and save for a family summer vacation. If you wait too much longer, you’ll be too late. This is because Americans are still feeling the need for pent-up “revenge” travel following the… Continue reading Don’t Break the Bank: Tips for Planning Your Family Summer Vacation

Published
Categorized as 401(k) Mistakes, Financial Health, Retirement Savings

The High Cost of Raiding Your 401(k)

April 17, 2023 401(k)s are often the largest asset people have for retirement. We save year after year, paycheck after paycheck, with the goal to have a comfortable retirement.  However, there are times when we may be tempted to dip into our retirement savings before we reach retirement age. While it may seem like an… Continue reading The High Cost of Raiding Your 401(k)

Published
Categorized as Financial Health, Retirement Savings

The Banking Crisis: What Investors Need to Know [Video Explanation]

The Banking Crisis: What Investors Need to Know [Video Explanation] March 20, 2023 In Financial Health, Retirement Savings There’s a lot of concern about the banking industry following the collapse of the Silicon Valley Bank (SVB).  So what happened and how does this affect the average 401(k) investor? Keep reading to find out.  What Happened… Continue reading The Banking Crisis: What Investors Need to Know [Video Explanation]

Published
Categorized as Financial Health

Cyberattacks Are Increasing: How to Prepare

March 13, 2023 In Financial Health When it comes to preparedness, we tend to focus on preparing for our financial futures.  Unfortunately, this often includes providing our readers with tips for avoiding becoming the victim of cybercrimes. Victims of cybercrimes suffer personal and financial identity theft, stolen money, fraud, embezzlement – not to mention the… Continue reading Cyberattacks Are Increasing: How to Prepare

Published
Categorized as 401(k) Mistakes, Financial Health, Retirement Savings

401(k) Hardship Withdrawals – What You Need to Know

February 20, 2023 A record number of Americans are taking hardship withdrawals and tapping into their 401(k)s.  According to Fidelity, “Participants taking hardship withdrawals from their accounts rose to 2.4% last year, up from 1.9% in 2021.”¹ This represents the highest share of hardship withdrawals recorded by the financial services firm.  Vanguard also recorded a… Continue reading 401(k) Hardship Withdrawals – What You Need to Know

Published
Categorized as Financial Health, Retirement Savings

What 401(k) Investors Need to Know: Market Update for Q1

What 401(k) Investors Need to Know: Market Update for Q1 January 23, 2023 In Financial Health, Retirement Savings Last year was a bumpy ride for the market, and many investors are rattled.  We’ve talked before about how the market goes up 80% of the time. But this also means it goes down 20% of the… Continue reading What 401(k) Investors Need to Know: Market Update for Q1