Articles

Estates & Trusts

• What Key Estate Planning Tools Should I Know About?

  Wills and trusts allow you to spell out how you would like your property distributed, but they also go beyond that.

• How Can a Living Trust Help Me Control My Estate?

  A living trust can help control the distribution of your estate upon death.

• What Are the Pitfalls of Probate?

  The probate process can be lengthy and complex. There are strategies you can use to help avoid the probate process.

• How Can I Control the Distribution of My Estate?

  If you haven't taken steps already, consider planning now for the distribution of the assets of your estate.

• What Gifting Strategies Are Available to Me?

  Compare the advantages and disadvantages of different gifting strategies available for planned giving.

• What Is the Best Form of Property Ownership for Me?

  Sole ownership, joint tenancy, tenancy in common, and community property have special benefits for property owners.

Retirement

• What Is a SEP IRA?

  A SEP IRA is a type of plan under which the employer contributes (up to a certain limit) to an employee’s IRA.

• What Is an IRA Rollover?

  If you leave a job or retire, you should consider your options regarding your employer retirement plan assets.

• Unforgettable Birthdays

  There are key dates after you turn 59 that can impact your taxes, Medicare eligibility, and retirement benefits.

• Will Social Security Retire Before You Do?

  Greater demand is being placed on the Social Security system as the baby boom generation has begun to retire.

• Save Now or Save Later?

  If you start saving for retirement sooner, the more money you are likely to accumulate and possibly retire sooner.

• What Is a Roth IRA?

  Qualified Roth IRA distributions in retirement are free of federal income tax and aren’t included in gross income.

Tax Planning

• What Is the Capital Gain Tax?

  Capital gains are profits realized from the sale of assets; a tax is triggered only when an asset is sold, not held.

• How Much Money Can I Put Into My IRA or Employer-Sponsored Retirement Plan?

  IRAs and employer-sponsored retirement plans are subject to annual contribution limits set by the federal government.

• What Is a Required Minimum Distribution?

  Required minimum distribution is the annual amount that must be withdrawn from a qualified retirement plan/account.

• What Happens If I Withdraw Money from My Tax-Deferred Investments Before Age 59½

  Tax-deferred retirement account withdrawals before age 59½ generally triggers a 10% federal income tax penalty.

• What Is Tax Deferral?

  There can be a substantial benefit to deferring taxes as long as possible.

Investing

• What Are Dividends?

  It is important to understand how dividends (taxable payments to shareholders) fit with your long-term goals.

• Growth Stocks vs. Value Stocks

  The labels growth and value reflect different approaches that can be used when making investment decisions.

• What Types of Bonds Are Available?

  Bonds are issued by many entities and share many characteristics, each type of bond has certain benefits and risks.

• What Is Asset Allocation?

  Asset allocation is a method used to help manage investment risk; it does not guarantee a profit or protect against investment loss.

Cash Management

• What Are Some Tips for Managing My Money?

  A sound cash management program uses a disciplined approach: accounting, analysis, allocation, and adjustment.

• What About Financial Aid for College?

  It's important to understand the options, such as financial aid grant programs, when having to pay for college.

• How Does Inflation Affect Me?

  Historically, one of the best ways to fight the effects of inflation has been to utilize growth-oriented investments.

• Is a Home Equity Loan or Line of Credit Right for Me?

  Shifting some debt to a home equity loan, which typically allows interest payments to be tax deductible, could have its advantages.

Risk Management

• Disability Income Insurance for Business Owners

  As a business owner, a disability can create an economic hardship putting both your personal finances and business at risk.

• What Are the Main Types of Auto Insurance?

  Even if your state doesn’t require certain types of auto insurance, it may be wise to purchase multiple types to ensure you are covered for a variety of situations.

• Do I Need Disability Income Insurance?

  Knowing the basics of a disability income insurance policy is a good first step toward protecting your family.

• What Types of Health Coverage Are Available?

  There are three basic types of medical insurance plans: fee-for-service, managed care, and high-deductible health plan.

• How Can I Extend My Liability Coverage?

  Consider additional liability insurance to help protect you from the potentially devastating effects of liability lawsuits.

• What Does Medicare Cover?

  Medicare is the federal health insurance program for those persons age 65 and over. But what does it cover?

• How Likely Am I to Need Long-Term Care?

  If you were to suffer an illness or disability that required long-term nursing care, would you be covered?

• What Are the Basic Types of Life Insurance?

  When selecting a life insurance policy, examine all your options, as well as the positives and negatives of each type.