What Are The Minimum & Maximum I Can Contribute To My 401(k) Each Year?
Posted: May 13, 2020
There is no minimum amount you are required to contribute to your 401(k). However, there are suggested amounts to help maximize your retirement potential. There is a maximum amount you are allowed to contribute to a 401(k) annually, as established under federal law. What Are the Suggested Amounts for 401(k) Contributions? By the time you reach age 35, some financial experts say you should have...
Can I Get Better Rates If I Change My Habits Before I Apply For Life Insurance?
Posted: May 7, 2020
Life insurance rates can vary widely depending on your age, health, and lifestyle choices. If you are overweight, smoke or drink, or have a health condition that could be improved by adjusting your lifestyle, you may be able to get better life insurance premiums if you change your habits before you apply. How Are Life Insurance Rates Determined? Insurance companies consider several factors in determining...
My 401(k) Is "Frozen" — What Does This Mean & Why Did It Happen?
Posted: April 28, 2020
The decision to freeze a 401(k) is made by company management. This often occurs after a merger, while the new company decides what to do with its inherited 401(k) plan. If your 401(k) has been frozen, you won’t be able to make any withdrawals or make any new contributions as long as the freeze continues. In most cases, you can move assets from one investment...
How Communities Work Together: COVID-19
Posted: April 27, 2020
The COVID-19 outbreak has thrown the entire country into turmoil, with concerns about income, the stock market, how to keep a small business afloat, and above all, ensuring our families and friends stay safe and healthy. New ways of doing business are quickly being established. Most businesses that fall outside the state’s list of essential services have employees who are working from home and meeting...
Your Insurance Agent: A Resource During The Coronavirus Outbreak
Posted: April 17, 2020
We are living through a time of great change, but thankfully, your local insurance agent is a resource for you. Insurance Policy Questions Your local agent, and the insurance companies in the USA, are here to help you through this challenging time. If you have financial concerns due to a furlough, lay-off, or your small business is closed with cash flow at a standstill, our...