Mutual funds are popular investment opportunities: They are a way for investors to pool money to invest in specific assets, from stocks and bonds to other investments. Mutual funds allow the average investor opportunity to diversify their investments while accessing global markets.
2 min read
Is the ‘4 Percent Rule’ for Retirement Still Valid?
When you retire, how much of your retirement savings can you withdraw each year without running out? One of the general guidelines is the 4 percent rule, but it’s important that you treat it as just that: a guideline.
Topics: Retirement Planning Financial Planning Retirement Financial Security
What are the 4 biggest myths about Long-Term Care?
More and more baby boomers are becoming familiar with long-term care as they help take care of aging parents. However, there continues to be a lack of understanding about how much long-term care costs and who pays for it. Here are the facts - with an aging population, a shrinking workforce, and reduced government money for financial aid, it will be an issue that impacts everyone. Take a look at these four myths of care:
Topics: Retirement Planning Financial Planning Retirement Gerontology/Aging Financial Literacy
2 min read
How to Insure Your Future Self
Have you considered what would happen if you were unable to work for an extended period of time? We're here to ease your fears. Keep reading for a breakdown of what disability insurance is, how to find out if you're covered, and what steps you can take to prepare for a brighter future.
Golden Years
You've just entered the job market, or graduated from school. You understand even though you don't have much money now, that your earning years are about to begin. Thinking of your future fills you with unbridled enthusiasm. You can daydream about your perfect wedding or your perfect vacation. Even your perfect retirement. But have you daydreamed about disability? One day you're able to work, the next you're not. It might even be a temporary disability, knocking you out of commission for six months to a year. What would you do then? Do you have an emergency fund that could cover six months or more of expenses? Although no one likes to consider such traumatic and heartbreaking events, they're a real possibility. In fact, approximately 25% of people can expect to be out of work for at least a year in their lifespan.That's why it's imperative to plan ahead.
Topics: Disability Insurance Financial Planning Retirement Group & Employee Benefits Financial Literacy Future Leaders
1 min read
New Federal Proposal Protects the Best Interests of Retirement Savers
The Department of Labor has offered a new proposal to “improve investment advice and enhance financial choices for workers and retirees.” The standard set by the new proposal would require financial professionals who provide consumers with retirement planning and advice to act in their clients’ best interests, receive only “reasonable” compensation, and make no materially misleading statements to clients.
