When to Call Your Financial Advisor

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If you’re experiencing a major life change of any kind, or facing a crucial financial decision, it’s a good idea to make an appointment with your financial planner. Here are some examples of major life passages when you may need some good financial advice – and some action items to bring up: 1. Marriage. At a minimum, it’s critical to have life insurance in place to protect both spouses. Many planners also assist with budgeting tools, provide advice about spousal communications concerning money, and can help you develop a long-range financial plan together, as a couple. Other critical items to…
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Annuities: What Are They and How Do They Work?

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An annuity is a contract with an insurance company. The insurer promises to provide a certain stream of income – which could start immediately or at some point in the future – in return for your contributions, or premium. If the stream of income begins immediately, the product is called an immediate annuity. If the income stream is to commence at some point in the future, the contract is called a deferred annuity. Annuities vs. mutual funds Because annuities are contracts, they are very different products from mutual funds, which are simply baskets of securities run by a professional money…
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Right Mix of Benefits Crucial to Hiring, Retaining Millennials

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As the millennial generation continues filtering into the workforce amid a tightening job market, nearly one-third of them have turned down a job offer because of poor insurance offerings, a new study has found. Making sure that you have the right mix of benefits, including voluntary benefits, is important considering that other studies have found that millennials are already hard to keep on the payroll. This has been underscored by studies that found that one in four millennials were considering looking for new work in the next year. In addition, they are more cautious than boomers or Gen Xers in…
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