It’s the new year and one of your resolutions is to finally get your long-overdue estate plan in order. You’ve been hearing a lot about the time and cost associated with probate and are thinking about making a trust your beneficiary to avoid it. However, you’re not sure if it should also be the beneficiary of your 401k. Is there a reason this might not be a good idea?
Category: Money Messages
Don’t Let the Holidays Delay Your FAFSA: Why Filing Early Matters
The Free Application for Federal Student Aid (FAFSA) is now open ahead of schedule, and here’s why you should prioritize filing it early, even amidst the holiday hustle and bustle
Have You Created Your Year End Statement?
The end of the year is a great time to review the year that was to help you get to where you want to be.
Understanding your 401(k): Do You Have Two Accounts?
Explanation of how there is only one 401k
Medicare Premiums on the Rise
Discusses the Centers for Medicare and Medicaid Services’ decision to increase the standard monthly premium for Medicare Part B to $185 in 2025, a 5.9% rise from the previous year.
Did your employer change 401 (k)Recordkeeper? It’s time to check your beneficiaries!
Life gets busy, and updating your 401(k) beneficiaries often gets pushed to the backburner. But if your employer recently switched 401(k) recordkeepers, now’s the perfect time to double-check your beneficiary designations. When employers change recordkeepers, there’s a chance that your current beneficiary information won’t automatically transfer. It’s easy to overlook, but verifying your beneficiaries can… Continue reading Did your employer change 401 (k)Recordkeeper? It’s time to check your beneficiaries!
Vote Partisan, Invest Bipartisan!
½ of the Nation will be disappointed with the results of the presidential election. What impact should the results have on your 401(k) investments?
Pre-65 Retiree Health Insurance
Twice a week, I have a conversation about retiring before age 65 and what to do about health insurance. Under an employer’s group health insurance plan, the employee generally only pays about 20% of the monthly premium costs. However, when purchasing insurance on your own, you should expect to pay 100% of that cost. That… Continue reading Pre-65 Retiree Health Insurance
TikTok Financial Advice
Making financial education accessible and interesting is a great thing, but what should you consider
Should the Presidential Election Impact My Investment Strategy?
Should you make investing decisions based on who is in office?
