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Changing Jobs? Take Your 401(k) and Roll It

August 26, 2015
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If you’ve lost your job, or are changing jobs, you may be wondering what to do with your 401(k) plan account. It’s important to understand your options. What will I be entitled to? If you leave your job (voluntarily or involuntarily), you’ll be entitled to a distribution of your vested balance. Your vested balance always…

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Teaching Your Child About Money

August 24, 2015
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Ask your five-year old where money comes from, and the answer you’ll probably get is “From a machine!” Even though children don’t always understand where money really comes from, they realize at a young age that they can use it to buy the things they want. So as soon as your child becomes interested in…

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Insuring a New Home During Construction

August 18, 2015
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While the house of your dreams is being built, you should insure the structure and its contents. If you don’t, you’ll be exposed to unnecessary risks like fire or adverse weather that could damage or destroy your partially completed home. You should also protect yourself from liability by verifying that the people building your home…

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Financial Planning: Helping You See the Big Picture

June 29, 2015
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Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. That’s where financial planning comes in. Financial planning is a process that can help you target your goals by…

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U.S. Supreme Court Clarifies How ERISA's Duty to Monitor Plan Investments Interacts with the Six-Year Statute of Limitations

June 12, 2015
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On May 18, 2015, the U.S. Supreme Court decided the case of Tibble v. Edison International. Tibble was an employee of Edison and participated in its 401(k) plan. He and other employees sued Edison under the Employee Retirement Income Security Act (ERISA) for breach of fiduciary duty for offering six higher-priced retail-class mutual funds as…

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Buying an Existing Business

June 8, 2015
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What are the advantages of buying an existing business? The advantages of buying an existing business include: Established product or service Established “goodwill” Management team in place Existing collateral Reduced start-up time and cost Unlike a new business, an existing business will likely have a product or service that is familiar to consumers, suppliers, lenders,…

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Refinancing Your Mortgage

June 2, 2015
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When you refinance your mortgage, you take out a new home loan and use some or all of the proceeds to pay off the existing one. Today, many homeowners are taking advantage of historically low interest rates and refinancing their mortgage loans. Why refinance your mortgage? There are a variety of reasons why you may…

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Special Considerations for Second/Vacation Homes

May 22, 2015
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Introduction A rustic cabin. a seaside cottage. buying a second/vacation home can be an alluring prospect. Before you decide to purchase one, though, you should consider a number of issues. These include the costs associated with owning a second/vacation home, the attributes of the home, its rental potential, and the income tax treatment. Should you…

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Types of Insurance

May 19, 2015

Each day, you face a variety of risks–risks to your life, your health, and your property. Although you can’t eliminate many of these risks, you can take steps to guard against resulting financial losses. That’s where insurance comes in. If your coverage is sufficient, insurance can provide both peace of mind and financial security to…

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Investing for Major Financial Goals

May 15, 2015

Go out into your yard and dig a big hole. Every month, throw $50 into it, but don’t take any money out until you’re ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn’t it? But that’s what investing without setting clear-cut goals is like. If you’re…

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