September Is Life Insurance Awareness Month

Following the news of the rate cuts last week with the Fed, you may be wondering what that means. Is that a good thing?

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Whether you're facing a layoff, planning a financial gift for a new grandchild, or dealing with an inheritance, today’s podcast offers valuable insights and actionable advice. Beyond helping you save for retirement, as a financial advisor, David answers countless financial questions that come up over the course of his clients’ lives. Find out what David has to say when answering three questions from the mailbag!

As we grow older (and wiser), it's natural to reflect on the decisions we've made and consider what we could have done differently in the past. In today’s episode, we delve into the top five retirement regrets of people in their seventies, inspired by a recent YouTube video created by someone else in their 70s. David shares his insight and advice for anyone in their fifties or sixties looking to avoid these common financial pitfalls.

Life is an amazing journey full of challenges and triumphs. No matter where you are on the journey, preparing can be a key part of success. Life insurance can play a role in your overall financial strategy, and we are happy to help share some of the potential benefits of this important product. · Income Support - Your policy may be able to provide financial support to people who depend on you financially. · Debt Management - Life payouts can be used to pay off your mortgage or your child’s college education. · Legacy Strategy - Life insurance can play a role in estate management and perhaps help you leave a legacy for loved ones. This month, take the time to review your current life insurance coverage or, if you do not yet have life coverage, consider what role it can play in your personal finances. Better yet, talk to us about how your life insurance can more closely align with your long-term financial goals. Remember, several factors affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2024 FMG Suite.

When it comes to planning for retirement, many people turn to target-date maturity funds for their set-it-and-forget-it appeal. In fact, if you have a 401k or an IRA rollover, chances are you have a target-date maturity fund. These are designed to automatically adjust your investment mix as you approach retirement, gradually shifting from a higher allocation of stocks to a more conservative mix of bonds and cash. This sounds ideal, but is it?

When it comes to your investments, there are a lot of avenues you can take. How can you know you’re taking the best one for you? David answers three questions from listeners who are asking about accounting for taxes in retirement, putting money in a 401(k) or elsewhere, and managing an inherited IRA.

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Procrastination is a common temptation, but when it comes to your finances, it can have serious consequences. Whether you're in your twenties, thirties, or already nearing retirement, it's never too early or too late to start planning. By ad-dressing these key areas and avoiding procrastination, you can secure a more stable and enjoyable financial future.