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Insights & News

Estate Planning: Life Insurance Thumbnail

Estate Planning: Life Insurance

When it comes to life insurance, there are many choices: Whole life. Variable universal life. Term. What do these descriptions really mean? All life insurance policies have two things in common: They guarantee that they will pay a death benefit to a designated beneficiary after a policyholder dies (although the guarantee may be waived if the death is a suicide occurring within two years of the policy purchase). All require recurring payments (premiums) to keep the policy in force. Beyond those basics, the differences begin.

Investment Retirement Funding Insights
Thinking About Paying Off Your Child's Student Loans? 5 Things to Consider Thumbnail

Thinking About Paying Off Your Child's Student Loans? 5 Things to Consider

College tuition is at an all-time high. As of 2022, the average student loan debt is about $39,000 per student, and the average monthly student loan payment is nearly $400. It's no wonder parents want to help their children pay off their student loans as quickly as possible. Paying off this debt could help set your child up for success as they make important financial choices, such as applying for a mortgage.

College Planning Investment Insights
Estate Planning: Wills & Probate Thumbnail

Estate Planning: Wills & Probate

While a will is a far more complicated document than a note, leaving a will for your family is not only a considerate move on your part; it may prevent your family from dealing with several hurdles and complications after your eventual passing. It’s a good idea to think carefully about making a plan for you and your estate when you die.

Investment Retirement Funding Insights
Estate Planning: Living Trusts Thumbnail

Estate Planning: Living Trusts

Living trusts are created with a clearly defined objective: to avoid probate. Misconceptions about living trusts have spread to the point where people think trusts can accomplish much more than they are designed to. But if you are worried about your will being contested or your heirs fighting over your assets, a revocable living trust may be your best option.

Investment Retirement Funding Insights
Up to 85% of your Social Security could be Taxable- Here’s the Formula Thumbnail

Up to 85% of your Social Security could be Taxable- Here’s the Formula

I have had many clients not realize their social security could be taxable. So when you are talking to your advisor about retirement planning, make sure you consider the taxation on all your money. This is why it's so important to have different buckets of money that is taxed differently. Here is the formula to help figure out how much of your Social Security could be taxable.

Investment Retirement Funding Insights