While the current low interest environment is great for mortgages and other debts we may hold, it can mean something different for our retirement savings. Whether you’re just getting started with a 403(b) or 457(b) Plan – or have been contributing to one for a while – now is the time to consider selecting a Fixed Indexed Annuity (FIA) as one of your allocation options if your plan offers one.(more…)
Hurricanes Harvey and Irma have brought both windstorm and flood damage to hundreds of thousands of residents. For those who do not have federal flood insurance, their homeowner’s insurance most likely will not cover flood losses to their primary residence. But residents should know there may be another option for assistance: a hardship distribution or loan.
We live in a high-tech world where information about all topics under the sun is available at your fingertips. We are moving toward self-service and automatic access to everything. I love that I can look at my checking account balance on my phone; I love that I can make dinner reservations with a couple of clicks, and I love that I can confirm a dentist appointment with a one-letter text message response.
While high-tech solutions offer tremendous convenience, some things are still much better when they are high-touch. One of these things is retirement planning and creating a financial plan for the future. (more…)
This week is National Save for Retirement Week and I know what you’re thinking, “Another made up holiday so somebody can sell me something.” Well, it may be a made up “week,” but it is one that has merit. National Save for Retirement Week is about raising awareness for one of the largest issues facing Americans—actually saving for retirement. (more…)
“A bank is a place that will lend you money if you can prove that you don’t need it.”
It’s one of those classics that falls into the ‘It’s funny because it’s true’ category.
Really, it’s not funny. But, it does seem to be true. Since the Great Recession of 2008, middle income Americans are finding it harder than ever to borrow money from banks. Tightened regulations implemented in 2009 are causing bank lenders to look for near perfect credit qualifications in order to make loans for mortgages, auto purchases and even for small business owners. (more…)