Employers can offer 401(k) plan participants the opportunity to make Roth 401(k) contributions. If you're lucky enough to work for an employer who offers this option, Roth contributions could play an important role in maximizing your retirement income. What is a Roth 401(k)? A Roth 401(k) is simply [...]
You must satisfy several requirements to qualify for Medicaid Medicaid is a joint federal-state program that provides medical assistance to various low-income people, including those who are aged (i.e., 65 or older), disabled, or blind. It can pay for a number of costs, including hospital bills, phy [...]
At some point in your life, you'll probably be faced with the question of whether you need life insurance. Life insurance is a way to protect your loved ones financially after you die and your income stops. The answer to whether you need life insurance depends on your personal and financial circumst [...]
Medicaid planning can involve certain risks and drawbacks. In particular, you need to be aware of "look-back" periods and possible disqualification for Medicaid, and adverse tax consequences. Because the Medicaid transfer rules have been tightened in recent years (and may continue to contract in the [...]
As you enter your 60s and 70s, health may become more of an issue than it once was, and your thoughts may turn to the future. Who will take care of you when you can no longer care for yourself? If you must enter a nursing home, how will you pay for it? By learning as much as you can about Medicaid r [...]
You built the crib and packed the overnight bag, but did you remember to add your baby to your health insurance? This week, Financial Professional Dave Alison is here to inform you of 7 essential actions you should take before having a baby. Share this episode with all the growing families in your l [...]
You're shopping for your first car and looking for deals. Unfortunately, there's one thing you probably won't be able to get a deal on--your auto insurance. That's because single drivers under age 25 are in the highest risk category of all drivers under age 70, and consequently, they pay the highest [...]
“Why would I pay for something I’m probably never going to use?” Seems like a fair question, but what happens if you or your spouse fall ill and the cost of medicine spikes from $10 to $500? On this week’s episode, we brought back Financial Consultant Terry Frett to explore why you can’t afford not [...]
I recently had the opportunity to speak about my career at my high school alma mater. My wife Katie is a business teacher at Seymour high school and she asked if I would give a presentation on all of the career opportunities available within the field of financial planning. I’m not a great public sp [...]
If you’re shopping for new clothes are the latest gadget, you read reviews and ask you friends online for their feedback, right? On this week’s episode, hear from Insurance Professional Howard Sharfman, who turned to the consumers themselves and gather the top reasons why they buy and trust life ins [...]
