Millennial Investment Tips

If you are a millennial – a member of the age cohort born anywhere from the early 1980s to the late 1990s – then you’re still in the early chapters of your career, so it may be a stretch for you to envision the end of it. But since you do have so many years until you retire, you’ve got the luxury of putting time on your side as you save and plan for retirement.

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Protect Three Key Goals With Life Insurance

Clearly, a life insurance policy could allow Jim or Joan to continue on with life, despite, of course, the devastating emotional loss of a partner. But how much insurance should they own? You might read that most people need a death benefit of seven to 10 times their annual income. This might be a good starting point, but everyone’s situation is different. You should consider all factors – including liabilities, income replacement, final expenses and education – to get an accurate picture of how much insurance is appropriate. A financial professional can help you with this calculation.

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Are You a “Hardworking” Investor?

Next week we observe Labor Day a celebration of the American worker. You work hard your whole life with the hope that your efforts will ultimately allow you to achieve your financial goals, such as a comfortable retirement. But for that to happen, you may need to apply some of the lessons of the workplace to your efforts as an investor.

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Can You Save for College and Retirement?

Few of us have unlimited financial resources — which means that almost all of us need to prioritize our financial goals. Consequently, you’ll have some decisions to make if you’d like to help pay for your children’s college educations someday while, at the same time, saving for your own retirement. Your first step in addressing these objectives is to maintain realistic expectations. Consider the issue of paying for college. Right now, the average four-year cost (tuition, fees, room and board) is about $80,000 for in-state students at public universities and approximately $180,000 for private schools, according to the College Board. And these costs are likely to keep rising in the years ahead. Can you save this much for your kids’ education?

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Smart Financial Moves for New Parents

Consider this: The average cost of raising a child to age 17 is now $222,360. Start making the financial moves to take your child from diapers to a degree.

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Term vs. Permanent Insurance: Which Is Right for You?

Why is permanent insurance more costly than term? With permanent insurance, your premiums don’t just get you a death benefit.

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Don’t Get Trampled by Herd Mentality

In prehistoric times, running with the pack may have helped people minimize danger, but today, there are far fewer rewards for following a herd mentality.

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Financial Health: Five Financial Key Areas

Five financial key goals and focus areas to achieve and maintain financial health. Think of retirement, planning, education, wealth and wills.

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Get Your Affairs in Order for an Orderly Estate

A simple will may not be enough to accommodate your estate-planning needs. You might want to consider establishing a living trust.

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What Should You Know About Establishing A Trust

Why would you want a trust? For one thing, if you have highly specific wishes on how and when you want your estate to be distributed among your heirs.

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