The Importance of Financial Planning Creating a financial plan is the first step in meeting your future goals. By working with a financial advisor to craft a personalized strategy, you gain a clear understanding of where you stand financially what you need to accomplish for future success. Overcoming Financial Fears If you haven’t created your …
Questions to Consider Before Opening a 529 Account
What is a 529 Plan? A 529 plan is an investment account that offers tax-free withdrawals and other benefits when used to pay for qualified education expenses. You can use a 529 plan to pay for college, K-12 tuition, apprenticeship programs, and even student loan repayments. Any leftover funds can be used in different ways, …
The Importance of Beneficiary Designations: Lessons Learned from a Million-Dollar Mistake
A recent article in the Wall Street Journal serves as a good reminder of the importance of creating and also revisiting your beneficiary designations. Typically, when you buy life insurance, sign up for employer-paid life insurance or open a retirement account, you’re asked to designate either a person or entity to receive the proceeds after …
Year-end Tips and Preparation for 2024
As we approach the end of 2023, now is the perfect time to review your financial planning, track your progress and make adjustments for the year ahead. To help you get started, we’ve compiled a list of five suggestions to consider before the year comes to a close. Review Your Investments First up, take a …
