General Insights

On February 19th the U.S. stock market reached new highs, continuing a bull market which is almost 11 years old. But the celebration was short-lived as concerns over the coronavirus (COVID-19) led to a market correction this past week. This sell-off was triggered by fear (because we do not yet know the facts). Key concerns…

Estate plans aren’t static documents. You don’t just write them, tuck them away in your important papers file and forget about them. Here are some events that may call for a review and revision of your plan.

Immediately after the loss of a family member, deciding what to do with the deceased’s IRA may not seem important. Still, if you’re the beneficiary, it’s imperative to make a good decision to avoid paying penalties and extra taxes. As a beneficiary of an IRA or employer-sponsored plan, you can open an inherited IRA account…

So, you’ve developed a financial plan for your future. You know how you’re going to accumulate the savings and investments needed to provide a comfortable retirement. But do you have a plan for withdrawing savings during retirement? If you don’t create a well-thought out plan for accessing funds from your accounts, you could lose savings…

Many people postpone creating an estate plan because considering their demise is unsettling. Others make false assumptions that cause them to neglect this important task or make less-than-ideal decisions. Here are a few common misconceptions related to estate planning: Estate planning is for the wealthy. Anyone who owns property or assets, or has loved ones…

You’ve completed your taxes for the year and now you’re wondering what to do with that pile of records, 1099s, receipts and bank statements. The experts agree, take the time to organize them and store them in a secure place. You may need to refer to them in the months or even years ahead if…

For many of us, Social Security has a part in our financial plans for retirement or later stage of life. Even if you’re years away from applying for benefits, there are some good reasons why you should set up your online Social Security account at www.socialsecurity.gov/myaccount. You can go online to ensure there aren’t any…

One of the most stressful decisions as you age is whether to stay in your current home or consider other alternatives. According to a survey by AARP, 90 percent of adults age 65 and older want to remain in their current residence as long as possible.  The desire to “age in place” is a natural…

While no one marries with the intention to later separate, if divorce or legal separation is in your future, make sure you understand the implications against retirement savings. If you or your spouse have money in retirement plans, you’ll most likely have to share the assets. It’s important to understand what governs the division of…