Understanding Retirement Planning Changes in the SECURE Act 2.0
Learn About Important and Far-Reaching Provisions that Could Impact Your Financial Future On December 29, 2022, President Biden signed a bipartisan budget bill that included many retirement savings changes, referred to collectively as the SECURE Act 2.0. It reshaped retirement tax incentives and existing retirement account rules in ways that are likely to have consequences for years to come. Supporters of the legislation say it will encourage stronger retirement savings among workers, while others have expressed concern that some of the provisions expressly benefit high-earners only. Regardless of where you stand on the efficacy of the legislation, it’s important […]
Passing an Inheritance to Your Children: 8 Important Considerations
Eight estate planning considerations for leaving an inheritance to your children. Understand the impact your choices can have on your overall financial plan. If you have worked hard and planned properly, you may be well situated to leave an inheritance to your children. It can feel very meaningful to be able to provide a financial legacy for your loved ones, but it’s important to be practical, too, and to go about your estate planning in the right way. This single decision can impact all of your financial decisions, such as how much you put into savings, the types of […]
Plan Ahead to Meet Rising Retirement Healthcare Costs
Protect Your Financial Future by Taking Action Today With healthcare costs on the rise, American retirees must prepare to afford significant health and medical expenses in retirement. While strategizing ways to cover retirement healthcare costs isn’t new, many retirees today are finding themselves without access to the employer- or union-sponsored retiree health benefits that previous generations depended on. This means that Americans who are currently planning for retirement need to be sure they are adequately prepared for the impact that healthcare costs may have on their long-term financial security. Use the tips below to empower yourself to meet future […]
Five Types of Insurance to Consider for Financial Peace of Mind
Identify the Protections You May Need for Your Assets and Your Loved Ones’ Futures Life has a funny way of throwing us curveballs, doesn’t it? While it’s not inevitable that something catastrophic is in your future, investing in insurance allows you to gain financial peace of mind no matter what may happen. Of course, there are many options available, and you’ll need to do your research to identify the right insurance types to protect your assets and your loved ones. Read on to learn more about five of the most common insurance policies and what they could mean for […]
Four Financial Resolutions for a Prosperous New Year
Positively Impact Your Financial Health for the Next 12 Months and Beyond There’s never a bad time to think about improving your personal finance habits, but the start of a new year offers a timely opportunity to assess where you are and where you’d like to be. Financial resolutions are common, usually appearing in the top five types of New Year’s resolutions. If this is an area of focused improvement for you in 2023, review the four financial resolutions below and determine if they suit your needs.