Why You Should Hire A Financial Planner When Purchasing A Vacation Home

If you're thinking about buying a beach house or another vacation home, you could be considering hiring a real estate agent to help you with your purchase. One person that you might not have thought about hiring is a financial planner. However, if you want to be sure that you make a smart decision when purchasing a vacation home, it can be a good idea to hire a professional to help you with the financial aspect of things. [Read More]

Types Of IRA Rollovers Allowed By The Tax Code

With so many different types of retirement accounts available, it is often not readily apparent which types of rollovers are permissible. Even though an IRA rollover is simply a transfer of funds, the Internal Revenue Code is specific as to which account transfers receive preferential tax treatment. The IRS publishes a concise chart that summarizes the various types of rollovers permitted by the tax code. Participants in most types of retirement plans can roll over some or all of their funds into a traditional IRA or a Roth IRA to help achieve their financial planning objectives. [Read More]

4 Reasons To Consider An Annuity For Your Recent Inheritance

Did you recently come into a large lump-sum of money via an inheritance? If so, you may now have questions about what you should do with the money. You have a wide range of options and investment choices available, so it's important that you consider each option carefully. One option you may want to consider is a deferred annuity. An annuity is a product that's offered by a life insurance company. [Read More]

Two Questions To Ask A Nearby Family Member To Help With Responsibly Reducing Long Term Care Insurance Costs

Having a nearby family member to supplement any long term care you'll need in your old age is a great way to reduce insurance premiums. As long as you and your family member are on the same page, you can pick and choose the coverage you buy so that you're only paying for specialized medical care. But while you're figuring out how to responsibly reduce long term care insurance costs to free up your budget for other things like retirement investments, it's important to ask your family member these two questions. [Read More]