WSFG Blog
Why did you purchase life insurance? If you're like most people who buy life insurance, you're looking to provide a source of income for someone (e.g., a spouse, parent, or child) after you die. Buying the policy was the first step. Now you'll need to do a little more work to ensure that the money you leave behind lasts. Birthdays may seem less important as you grow older. They may not offer the impact of watershed moments such as getting a driver's license at 16 and voting at 18. But beginning at age 50, there are several key birthdays that can affect your tax situation, health-care eligibility, and retirement benefits. If you are 50 or older, or you will reach age 50 by the end of the year, you may be able to make contributions to your IRA or employer-sponsored retirement plan above the normal contribution limit. Catch-up contributions are designed to help you make up any retirement savings shortfall by bumping up the amount you can save in the years leading up to retirement. Even with all of your savvy college shopping and research about financial aid, college costs may still be prohibitive. At these prices, you expect you'll need to make substantial financial sacrifices to send your child to college. Or maybe your child won't be able to attend the college of his or her choice at all.Planning Ahead for Life Insurance Proceeds
Submitted by Wealth Strategies Financial Group on September 9th, 2019
Unforgettable Birthdays
Submitted by Wealth Strategies Financial Group on August 21st, 2019
What are catch-up contributions?
Submitted by Wealth Strategies Financial Group on August 19th, 2019
Sticker Shock: Creative Ways to Lower the Cost of College
Submitted by Wealth Strategies Financial Group on August 15th, 2019
Teaching Your College-Age Child about Money
Submitted by Wealth Strategies Financial Group on August 15th, 2019
Life Insurance Riders that Pay for Long-Term Care
Submitted by Wealth Strategies Financial Group on August 13th, 2019
How Traditional Whole Life Insurance Works
Submitted by Wealth Strategies Financial Group on August 13th, 2019
How Variable Life Insurance Works
Submitted by Wealth Strategies Financial Group on August 12th, 2019
Does the federal government insure pension benefits?
Submitted by Wealth Strategies Financial Group on August 5th, 2019