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More than one-third of Americans have little to no money saved for retirement. Most of them are part of generation X, who were most affected by the Great Recession of 2008.1 They lost almost half of their net wealth during a time when they carried hefty financial obligations including mortgages, aging parents, and children – […]

Saving money before and during retirement so their standard of living doesn’t suffer is important for many retirees. Unfortunately, many Americans aren’t saving nearly enough and are falling short of setting aside adequate funds to support their retirement needs. The average retirement savings for people aged 56-61 is only $163,577. Meanwhile, retirees can spend nearly […]

Life insurance policies and annuities can be helpful in providing extra protection and income for you and your family. But you can also increase the value of these benefits with certain tax advantages that each investment provides. Here are some ways that life insurance and annuities provide you with tax benefits. Life Insurance Tax Benefits […]

Make your retirement happen! What makes age 70 1/2 so significant? Required minimum distributions (RMDs) most commonly are taken from traditional Individual Retirement Accounts (IRA), workplace retirement plan accounts — 401(k), 403(b), 457 – or self-employed retirement plan accounts at the age of 70 1/2 for retirees. If you’re at or near retirement age, you’ll soon have […]

I’m turning 65. What do I need to do? Join host Mindy McIntosh in navigating through what to do before turning 65. For most people, it means eligibility for Original Medicare, Part A or Part B. At that time, you may also choose to enroll in Medicare Part C, also known as Medicare Advantage. Medicare […]

There’s more to do than plan your New Year’s party – the final days of the year are an important time to take a good look at your finances. Financial professional Mindy McIntosh talks with WSMH FOX66 Profitt Report about five smart money moves to make before the New Year that will help your finances […]

The financial world is filled with industry jargon and lingo. To help you understand common terms, we’ve assembled a quick guide for your reference. From life insurance to annuities, use this glossary to understand the financial language in your life. Abeyance: When the owner of a property or title has not been declared. With insurance, […]

When beginning to build their families, few parents expect to have a child with special needs. However, the experience is surprisingly common and affects millions of people throughout the United States. In fact, current estimates show that approximately 1 in 6 children from age 3 to 17 have at least one developmental disorder. Any parent […]

Managing Finances Can Help Couples Avoid Common Pitfalls Just over 2 million couples tied the knot last year, a rate of 6.9 per 1,000 total population. About 70% of those couples have argued or will argue about money. Disagreements about finances top other subjects such as household chores, snoring, togetherness, sex, and what’s for dinner. […]

Home loans often make up significant amounts of household debt, and reducing as much debt as possible before entering retirement can seem like a promising idea. But, as with many other financial questions, there is no precise answer; it all depends. The Consumer Financial Protection Bureau estimates that 30% of homeowners 65 and older—about 6.5 […]

How many hats can one person wear? If you’re a small business owner, you know what comes with the freedom and creativity of being your own boss. You’re a juggler, overseeing everything from customer service to administrative details and quality control. Every day, your employees, your business partners, and your family rely on you. Every […]