Financial Services

Understanding Your Life Insurance Policy: Term vs Permanent Life Insurance

Understanding Your Life Insurance Policy: Term vs Permanent Life Insurance

Life insurance is an important component in a diversified financial portfolio. While it may be a difficult conversation to have with your loved ones, it’s an important and necessary one. We may not like discussing our own death but ensuring our families are taken care of and supported is paramount, especially for families with children. The first step is to understand which type of life insurance policy fits best with your situation. In this post, we explore the various types of life insurance policies including term and permanent options including whole, universal, and variable options.

Keeping Up with the Fiduciary Ruling

Keeping Up with the Fiduciary Ruling

On February 3rd, President Trump issued an executive memorandum requiring review of the previously instated Department of Labor fiduciary ruling. In the memorandum, President Trump tasked the Department of Labor to fully review the ruling to assess if it would ‘negatively affect’ investors ability to access retirement information, offerings, product structures, or related financial advice.

4 Financial Planning Considerations Before Getting Married

4 Financial Planning Considerations Before Getting Married

Congratulations, on your upcoming marriage! Along with making wedding plans, there are many considerations to discuss with your soon-to-be spouse; one of the most important is financial planning. In fact, a 2016 study found that 31% of married participants reported arguing over finances at least once a month. The most common points of disagreement: major purchases, decisions about finance and children, a partner’s spending habits, and important investment decisions. Before you walk down the aisle, have an open and honest conversation with your spouse about your joint finances.

Tips for Talking with Your Kids About Finances

Tips for Talking with Your Kids About Finances

Understanding finances and having a healthy relationship with money is vital to being a successful adult. And, yet, often children are not being taught important financial information about money from their parents. In fact, a 2016 T. Rowe Price survey found 71% of parents are reluctant to talk about money with their children. And only 22% of kids say they talk with their parents “frequently” about money. Having an open dialogue with your children about finances is important to prepare them for success in the future. As uncomfortable as it may be to discuss finances with your children, you need to do it. In today’s post we share specific tips for talking with your kids about the importance of saving for their future and utilizing smart investment tools and strategies.

4 Things to Know About ‘Robo-Advisers’

4 Things to Know About ‘Robo-Advisers’

In recent years, the rise of ‘Robo-Advisers’ or automated investment services has become increasingly popular. Services from firm’s like Betterment and Wealthfront offer low-cost options to automate financial investing. In reality, these processes may be too simplified; many involve easy sign-up processes, quick user surveys, and blanketed financial plans for the masses. While these services undoubtedly provide valuable insights, we caution using a one-plan-fits-all approach to personal financing decisions. In today’s post, we share four considerations for using robo-advisers.

Should I Own a Certificate of Deposit (CD)?

There are several vehicles available for investors to use to save money. One of the most straight-forward options is the certificate of deposit. These low-risk options are ideal for investors who want to utilize the benefits of compound interest while keeping assets fairly liquid. They’re also a great tool to introduce new or young investors to the benefits of saving.

What Have Inflation Rates Looked Like for the Past 10 Years?

What Have Inflation Rates Looked Like for the Past 10 Years?

When inflation rates rise, each unit of currency buys fewer products. Conversely, declining inflation rates signal the increase in the amount of products and services equal to monetary units. Understanding changing inflation rates, especially those in the past 10 years, is an important step in accessing the strength of the economy and a useful tool in financial planning.