Secure or Not Secure Part II

Secure or Not Secure Part II

Is Your Retirement Really SECURE?  Part II Written by Conrad Slate Do you know about the new SECURE Act?  It’s the one passed by Congress in December that lets you postpone your required distributions (RMDs) from starting at age 70 ½ to age 72.   So far so good,...

Secure or Not?

Secure or Not?

Secure or Not? written by Conrad Slate Do you remember when “we have to read it to see what is in it”?  Well, we have a brand new law that will make a difference to almost every American who has a retirement account of almost any kind. The SECURE Act passed Congress...

Holiday Conversations With Your Children

Holiday Conversations With Your Children

by Conrad Slate I read a recent article that discussed how to use the time during the holidays to broach your estate plans with your children.  It’s pretty exciting stuff…”Come home to visit us and we’ll tell you how we are going to pass along what we have.” No, for...

Retirement Wellness

Retirement Wellness

Retirement Wellness Staying healthy could save you some money. How healthy a retirement do you think you will have? If you can stay active as a senior and curb or avoid certain habits, you could potentially reduce one type of retirement expense.     Each year,...

Your Year-End Financial Checklist

Your Year-End Financial Checklist

Your Year-End Financial Checklist Six aspects of your financial life to review as the year draws to a close. The end of the year can help remind us of last-minute things we need to address and long-term goals we want to accomplish. To that end, here are six aspects of...

What Is Cash Value Life Insurance and How Does It Work?

What Is Cash Value Life Insurance and How Does It Work?

What Is Cash Value Life Insurance and How Does It Work? Life insurance provides a death benefit for the policy's beneficiaries. Life insurance policies come in a number of forms, including cash value life insurance which provides permanent coverage with a savings...

3 Lies People Tell Themselves About Estate Planning

3 Lies People Tell Themselves About Estate Planning

3 Lies People Tell Themselves About Estate Planning People tend to avoid estate planning like it’s the plague, but no financial plan can be complete without one. Sure, thinking about your own demise doesn’t rate high on the “fun scale,” but not everything in life...

What Is Probate and How Can You Avoid It?

What Is Probate and How Can You Avoid It?

What Is Probate and How Can You Avoid It? Probate court can handle the distribution of an estate's assets, but there are ways you can avoid it. BRIAN O'CONNELL Probate is an important legal mechanism that dictates where, when and how a person's assets are distributed...

Debunking Common Retirement Assumptions

Debunking Common Retirement Assumptions

Debunking Common Retirement Assumptions Don’t fall for these misconceptions. Financial generalizations are as old as time. Some have been around for decades, while others have only recently joined their ranks. Let’s examine a few. Retirement means I can stop...

Creating a Retirement Strategy

Creating a Retirement Strategy

Creating a Retirement Strategy Most people just invest for the future. You have a chance to do more. Across the country, people are saving for that “someday” called retirement. Someday, their careers will end. Someday, they may live off their savings or investments,...

Measuring the Value of a Financial Advisor

Measuring the Value of a Financial Advisor

Measuring the Value of a Financial Advisor One study asserts that these relationships can make a difference for investors. What is a relationship with a financial advisor worth to an investor? A 2019 study by Vanguard, one of the world’s largest money managers,...

Can You Put Your IRA into a Trust?

Can You Put Your IRA into a Trust?

Can You Put Your IRA into a Trust? What you should know about naming an IRA beneficiary. Can your IRA be put directly into a trust? In short, no. Individual retirement accounts (IRAs) cannot be put directly into a trust. What you can do, however, is name a trust as...

Coping with College Loans

Coping with College Loans

Coping with College Loans Paying them down and managing their financial impact. Total student loan debt in America is now around $1.6 trillion. Since 2008, it has more than doubled. Federal Reserve data states that 44.7 million Americans are dealing with lingering...

Ways to Repair Your Credit Score

Ways to Repair Your Credit Score

Ways to Repair Your Credit Score Steps to get your credit rating back toward 720. We all know the value of a good credit score. We all try to maintain one. Sometimes, though, life throws us a financial curveball and that score declines. What steps can we take to...

Cash Flow Management

Cash Flow Management

Cash Flow Management An underappreciated fundamental in financial planning. You’ve probably heard the saying that “cash is king,” and that truth applies whether you own a business or not. Most discussions of business and personal “financial planning” involve...

Insurance Needs for Empty Nesters and Retirees

Insurance Needs for Empty Nesters and Retirees

Insurance Needs for Empty Nesters and Retirees Thinking about coverage as you enter a new phase. With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your...

What if You Get Audited?

What if You Get Audited?

What if You Get Audited? What the I.R.S. looks for and why. “Audit” is a word that can strike fear into the hearts of taxpayers. However, the chances of an Internal Revenue Service audit aren’t that high. In 2017, the most recent statistics available, show the I.R.S....

Reducing the Risk of Outliving Your Money

Reducing the Risk of Outliving Your Money

Reducing the Risk of Outliving Your Money What steps might help you sustain and grow your retirement savings? “What is your greatest retirement fear?” If you ask any group of retirees and pre-retirees this question, “outliving my money” will likely be one of the top...

Cybersecurity

Cybersecurity

Cybersecurity Protecting yourself from potential calamity Cybercrime affects both large corporations and private individuals. You’ve likely read about the large data breaches in the business world. These crimes are both expensive and on the rise. The U.S. Identity...

Think You Don’t Need Disability Coverage?

Think You Don’t Need Disability Coverage?

Think you don’t need disability coverage? Think again.  We draft a will and estate plan and purchase life insurance. Few of us consider disability insurance – the coverage that can help us maintain our income and quality of life while we are alive. A fate worse than...

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