Personal Insurance

Estate planning is an important step to ensure your loved ones are provided for in the best possible way after you pass away. As part of your estate planning, you will need to identify who will receive financial support and how your assets will be distributed. Typically, estate planning is carried out through wills and trusts, and can require the participation and coordination of a lawyer and financial advisor.

*We do not provide legal or tax advice. Consult your legal and/or tax advisor.

When you change jobs, you may have a couple of options regarding your company's retirement saving plans such as 401k plans. Whether you keep it at your former employers, roll it over into an IRA or your new employer's retirement plan, or receive it directly, it is important you understand the implications of each option. It is also an opportunity to discuss with a Financial Advisor your options to continue saving for your retirement.

529 savings plans are tax-advantaged education savings vehicles and one of the most popular ways to save for college today. They can also be used to save for K-12 tuition. There are tax advantages and other benefits to consider when choosing a 529 plan such as estate planning advantages in the form of accelerated gifting. Discuss 529 plans with our Financial Advisor to further learn about how to select a plan and pick the right investment options.

Note: Investors should consider the investment objectives, risks, charges, and expenses associated with 529 plans before investing; specific plan information is available in each issuer's official statement. There is the risk that investments may not perform well enough to cover college costs as anticipated. Also, before investing, consider whether your state offers any favorable state tax benefits for 529 plan participation, and whether these benefits are contingent on joining the in-state 529 plan. Other state benefits may include financial aid, scholarship funds, and protection from creditors.

Long-term care is not just provided in nursing homes--in fact, the most common type of long-term care is home-based care. Long-term care services may also be provided in a variety of other settings, such as assisted living facilities and adult day care centers. These are costly resources that should be planned for. There are different options to consider when planning for long term care including insurance and annuities. There are a number of financial implications of these various options to cover long term care expenses. To make the right decision based on your projected needs and financial situation, it could be worthwhile sitting with a professional to discuss long-term care planning further.

If you are interested in investment planning, then a good start is to assess your money management approach: from tracking your expenses, to identifying sources of potential savings and income. It is also important to evaluate your short-, medium-, and long-term goals as well as your risk exposure you would fee comfortable with. Meeting with a Financial Advisor can help you walk through questions and options that reflect your investment comfort level.