Small business owners have a number of alternatives to choose from when it comes to establishing retirement plans for their business. Each plan type can vary in their contribution level and matching requirements, as well as their ongoing regulatory and administrative burden.
Do you need disability income insurance? This article addresses important considerations to help you decide.
One of the most pronounced fears for retirees is outliving their assets. Taking portfolio withdrawals that are sustainable over an extended retirement period is an important decision and one that should not be taken lightly.
Roth IRAs are great savings mechanisms and can be used effectively for retirement and education planning. One of the less publicized advantages to Roth IRAs is that they can be a great estate planning technique when someone wants to pass along as much as possible to their heirs.
One of the major goals that most people have is to, at some point, be debt free. This is a goal that we (Chip and Erin) strive for in our personal lives and we highly encourage our clients to prudently consider as well. In fact, research has consistently shown that people with manageable debt levels tend to be happier than …
In a prior article, we discussed the importance of maintaining an emergency fund. We offered our insight into how much is appropriate to keep in cash or savings, as well as emergency fund targets. As a result of that article, we were asked the question: “Where can I invest my emergency fund, such that it earns an interest rate that …
Do you know the factors to consider when establishing an emergency savings account? This article discusses things to consider when establishing and maintaining an emergency savings fund.
With the belief that tax rates are likely to rise over time, many people are considering the merits of converting their traditional IRAs into Roth IRAs. Here are a number of considerations that may impact your decision.
Erin Campbell is interviewed by Mitchell Lewis, host of the PBS series NC Now. In Erin’s segment (starting at the 5:05 mark in the video), she discusses ways to prepare financially for disasters.
Social Security was originally intended to provide older Americans with continuing income after retirement. As people approach retirement, they generally have questions about Social Security and the benefit it provides.
We are often asked the question, “How much money do I need to retire?” While it is impossible to answer this question definitively as every situation varies, we do maintain mental benchmarks that are based on a number academic studies as well as our overall experience conducting Retirement Feasibility Analyses for clients.
A key component of our one-time financial planning engagements involve assessing how much insurance coverage our clients need while also reviewing the insurance policies that clients have in order to determine if they are adequate or necessary. In doing so, we often find that people have purchased insurance products that are either not necessary or entirely too costly.
The idea is simple—get enough life insurance to protect your family from the potentially devastating impact of a death. While the concept is straight-forward, as with many components of financial planning, deciding on the appropriate type and coverage level of life insurance is not quite that easy.
I stumbled across this little tool at CNNMoney.com that I thought was pretty neat. The purpose of the tool is to seek an answer to the question, “How healthy are your finances?” You enter answers to a series of questions and the calculator determines, or grades, your financial health. I entered a few hypothetical situations and I thought it provided …
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