Financial

Thinking about borrowing money from your 401(k), 403(b), or 457 account?  Think twice about that, because these loans are not only risky but injurious to your retirement planning. A loan of this kind damages your retirement savings prospects.  A 401(k), 403(b), or 457 should never be viewed like a savings or checking account.  When you […]

Will your invested assets go where you want them to when you die? If you have a proper will or estate plan in place, you will likely answer “yes” to both of those questions.  The beneficiary forms you filled out years ago for your IRA, your workplace retirement plan, and your life insurance policy may

Naming a minor as beneficiary brings up a major concern.  If parents or grandparents make a child a primary or contingent beneficiary of an insurance policy, IRA or investment account, they should be aware that most policies and investments will not directly transfer to a minor.  They need to be received by a court-approved property

To pay or not to pay…that is the question.  It sounds good, right?  Pay off the mortgage and suddenly you have no more monthly payments, better cash flow, and the opportunity to make other investments.  After all, buying home is an investment, but owning a home is the American Dream.  Right?  Maybe…maybe not. While owning

Reason #10:  “I’m too busy” I can’t tell you how often I hear this explanation.  So many people want to plan for a better retirement, but they don’t have the time.  They think they’ll take care of it tomorrow, or the day after that … and before your know it, several years have gone by. 

Here are some things you should think about. Do you have children? Think about updating your Will to include a Trust. Name a conservator. Name a trustee Make arrangements with your attorney to have these papers drawn up prior to the completion of the divorce process.  This is not something you want to put off

What’s the problem?  In general, when it comes to a lack of savings, it is often not a question of low income, but a matter of high spending.  While it’s very true that often we’re put into situations where we must spend money (due to loss of employment, health care bills, home repairs, etc.), for many

You have just gone through one of the most challenging and difficult periods that a person can experience in their life – a divorce.  While many things may still be up in the air, one aspect of your life that you should make sure you’re in control is your finances. Financial planning for a divorced

1.) It could save you time and lead to a better outcome. From start to finish, the typical divorce takes about a year.  Why so long? (Money issues).  It may take weeks or months for both spouses to fully know their financial potential, where they each stand money wise and what they might want to