How can you help your heirs sustain what you’ve created? Your wealth has meaning. It should be conveyed to your heirs or your favorite causes in a way that expresses your values. Through legacy planning, that objective can be realized. Legacy planning encompasses more than the transfer of assets. It is about how you want to be remembered by your heirs, your colleagues, and your community. It concerns the positive effect your wealth can have

Read more

Because you've worked hard to create a secure and comfortable lifestyle for your family and loved ones, you'll want to ensure that you have a sound financial plan that includes trust and estate planning. With some forethought, you may be able to minimize gift and estate taxes and preserve more of your assets for those you care about. A Needs Evaluation One of the first steps you'll take in the estate planning process is determining

Read more

As more Americans shoulder the responsibility of funding their own retirement, many rely increasingly on their 401(k) retirement plans to provide the means to pursue their investment goals. That's because 401(k) plans offer a variety of attractive features that make investing for the future easy and potentially profitable. What Is a 401(k) Plan? A 401(k) plan is an employee-funded savings plan for retirement. For 2018, you may contribute up to $18,500 of your salary to

Read more

College won’t pay for itself. How will you pay for it? You may have more choices than you think. Is creating a college fund on your to-do list? Consider these options. 529 plans. Anyone can contribute to these savings vehicles. Some let you prepay college tuition; others allow you to accumulate and invest education funds. Earnings on investments in a 529 plan grow tax-deferred, and withdrawals are exempt from federal taxes when the money pays

Read more

Many families cite saving for children's or grandchildren's education as one of their top financial goals. If you are among this group, you may want to consider a 529 college savings plan or a Uniform Gifts (or Transfers) to Minors Act account (UGMA or UTMA) -- or some combination of these -- to help you achieve your objective. Estate Planning Benefits A 529 college savings plan offer severals key advantages. You maintain control of the

Read more

You can’t always envision what will happen in your “second act.” Just as few weathercasters can accurately forecast a month’s worth of temperatures and storms, many retirees find their futures unfolding differently than they assumed. Your assumptions may be tested as well. You may retire sooner than you anticipate. A majority of pre-retirees polled in the 2016 Transamerica Retirement Survey believed they would still be working at age 65, and you may be similarly confident.

Read more

Think you have a good handle on the basics of investing? Take this 10-question quiz to see how you rate on basic investment skills. 1. If you buy a share of company stock, a. You own a part of the company. b. You have loaned your money to the company. c. You become responsible for the company’s debts. d. The company will return 100% of your investment to you, with a fixed rate of interest.

Read more

Many adults are finding that their aging parents are in need of health care assistance. Luckily, there are many options available today to help your parents grow old gracefully, either in their own home or in a facility, and several ways that you can finance the costs of the care. Assisted living. If your parents are healthy seniors who can look after themselves, they generally are eligible to enter a continuing-care retirement community that allows

Read more

Dear insert prospect name: Tax season can be stressful and can stir up conflicting emotions. While it is rewarding to note the growth of your earnings and assets, paying more taxes on those gains can be frustrating. I have the knowledge and experience to help you develop effective tax season strategies with your tax advisor to ensure that you are positioned to: • Pay no more than your fair share in taxes • Develop an

Read more

Hour glass

For example, if you earned an average 8% rate of return annually on an investment taxed at 28%, your after-tax rate of return would be 5.76%. A $50,000 investment earning 8% annually would be worth $107,946 after 10 years; at 5.76%, it would be worth only $87,536. Reducing your tax liability is key to building the value of your assets, especially if you are in one of the higher income tax brackets. Here are five

Read more