Meet the Education Challenge: Planning for Tomorrow's Tuition Costs

Many parents dream of the day their child strides to the stage to receive a college diploma. On the other hand, many parents dread the day that college tuition bills arrive. Despite steep tuition costs, however, a college education may be a sound investment that’s within the reach of many families. All it takes is…

Insurance Needs for Every Stage of Life

Who needs life insurance? These days, the answer is, “Almost everyone.” That includes: Young Adults As you might imagine, parents of minor children are at the top of the list of those who probably need life insurance. If one “breadwinner” were to pass away, life insurance payments could make it possible for the survivor to…

The Rules of Responsible Financial Parenting

Today, many families are concerned about the potentially adverse effect of wealth on the financial values of their younger generations. The goals that many affluent parents and grandparents have set for their children or grandchildren reflect core values, an honest work ethic, and a desire to “give something back” to the greater community. The skills…

Tips for Lowering Your Auto Insurance Premiums

If you have not reviewed your auto insurance policy within the past two years, you may want to consider the following steps that could help you save money. Although these tips are designed to be helpful, keep in mind that your driving record and the area where your car is domiciled can significantly influence your…

Fixed Annuities: The Missing Piece of Your Retirement Planning Puzzle?

Increasingly, the responsibility for funding a comfortable retirement is shifting from the employer and the government to the individual. Many people contribute to employer-sponsored retirement plans and IRAs, but there is another tax-advantaged retirement vehicle that shouldn’t be overlooked: annuities. Annuity Essentials An annuity is a contract between an individual and an insurance company. They’re…

Five Steps to a Simpler Financial Life

 For many Americans, financial life seems to be getting more and more complicated. Perhaps that’s because more workers bear responsibility for their own retirement savings thanks to the proliferation of 401(k) and other plans. Or maybe it’s because there’s so much information and so many investment choices to sort through. Whatever the case, here…

Annuities May Help Make Your Income Last a Lifetime

With demographic trends pushing the length of retirement to 25 or 30 years and beyond, it’s important to create a retirement investment strategy that generates an income stream that you won’t outlive. If you’re looking for an investment vehicle that promises a guaranteed, lifetime income stream, then you may want to consider annuities. Simply put,…

Pursue Tax-Advantaged Income with Municipal Bonds

When it comes to bond yields, sometimes less is more. While municipal bonds, or “munis,” usually have a stated yield several percentage points below those on comparable corporate or government bonds, the interest paid on municipal issues is generally exempt from federal and, in some cases, state and local taxes. For that reason, a municipal…

How Much of a Mortgage Can You Afford?

A mortgage is one element of total household expenses, such as taxes and heating costs, which are likely to increase over time. It’s important to consider increases in household expenses in addition to your mortgage payment. For many households, it’s important to arrive at a monthly mortgage payment that is affordable without financial strain. When…

Annuities and Insurance: Filling the Cracks in Your Financial Plan

If you’re contributing to an employer-sponsored retirement plan on a regular basis, be sure to congratulate yourself! You are already taking an important step toward addressing what may be the biggest financial challenge you will ever face. And if you are setting aside money for the college education of a child or grandchild, you deserve…

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