Key takeaways Understanding the retirement savings hierarchy can help maximize your limited dollars. Many financial professionals suggest prioritizing your 401(k) first, then your Traditional IRA, and finally, your taxable savings when determining how to allocate […] Read More

With family health insurance premiums rising 297 percent since 2000, averaging over $25,000 annually, some employees feel the squeeze. Deductibles, too, have jumped nearly 50 percent over the last decade, further increasing out-of-pocket expenses. In […] Read More

Key takeaways Diversification can help manage investment risk, but it doesn’t eliminate it. The “don’t put all your eggs in one basket” approach may help reduce pressure when certain asset classes experience volatility. Asset allocation […] Read More

Do you have a will? A will enables you to specify who you want to inherit your property and other assets. A will also enable you to name a guardian for your minor children. Do […] Read More

A retired couple age 65 can expect to need about $315,000 saved to cover healthcare expenses in retirement. With healthcare expenses in the spotlight, it’s incumbent upon us to make sure our retirement strategy anticipates […] Read More

The reason withdrawals from a Traditional Individual Retirement Account (IRA) prior to age 59½ are generally subject to a 10% tax penalty is that policymakers wanted to create a disincentive to use these savings for […] Read More

Despite not being as well known as some other retirement tools, annuities account for 6.5% of all assets earmarked for retirement. With about $2.2 trillion in assets, annuities hold more funds than Roth IRAs.1 An […] Read More

You may have heard of the Free Application for Federal Student Aid, or FAFSA, if you or someone you know has plans to attend a college, career school, or university. Last year, nearly 50% of […] Read More

“If the current annual inflation rate is 3%, why do my bills seem like they’re 10% higher than last year?”1 Many of us ask ourselves that question, and it illustrates the importance of understanding how […] Read More