An In-Depth Look Into Employer 401(k) Contribution
Posted: June 28, 2021
You are fortunate if you work for a company that offers a 401(k) plan as part of its benefits package. Most plans allow employees to start contributing tax-deferred dollars toward retirement with the first paycheck. Many employers provide matching contributions right away, although some require a year of service before employer matches begin. How do your employer’s 401(k) contributions measure up to other plans? The...
An Honest Discussion About Life Insurance
Posted: June 22, 2021
Talking about life insurance does not need to be morbid or depressing. The discussion can be smooth if you approach the subject right. An estimated 30 percent of families in the USA do not have life insurance, and if your family is part of that 30 percent, it is time to have an honest discussion. We have come up with a few tips on how...
Beginner’s Guide to Buy/Sell Protection
Posted: June 13, 2021
It is important to plan for the future of a business, but life can be unpredictable. A buy/sell protection plan is designed to help keep your business secure if the unexpected should occur. What Is a Buy/Sell Agreement? A buy/sell agreement is a contract between business partners, stipulating how a partner’s interest in the business will be reassigned if that partner dies or leaves the...
The Importance of Reviewing Your Life Insurance Policy
Posted: June 7, 2021
You have likely already completed the hard part – putting a life insurance policy in place. However, it’s imperative you review your policy (or policies) at least once a year. The review will protect you from paying more than you need to, allow you to increase your coverage, or convert a term life insurance policy to a whole life insurance policy. Why Review Your Life...
Your Guide to Using HSA/FSA Funds for Family Members
Posted: May 28, 2021
An HSA (health savings account) or FSA (flexible spending account) has many benefits. These accounts are used to pay out-of-pocket healthcare costs. To establish an HSA, you must have coverage with a high-deductible health insurance plan. The funds you put in the account are not taxed and will roll over into the next year if there is unused money at the end of the year....