Money. It’s hard to get and easy to lose. It doesn’t take long for the wealth you’ve accumulated to disappear if you don’t manage your money well or have a plan to protect your assets from sudden calamity.
About Briant Sikorski
Briant entered the financial services industry after a twenty-year career in the venture capital, information technology, telecommunications and automotive manufacturing industries. Briant holds a Bachelor of Science degree from the University of Michigan and a Master of Business Administration degree from Oakland University.
Entries by Briant Sikorski
With growing uncertainty about the future of Social Security funding, the Social Security Administration (SSA) suspended most mailings of its annual statements.
Variable annuities are getting another look thanks to the growing population of retirees and their interest in lifetime retirement income and living benefit options. Yet when considering the purchase of a variable annuity, it is crucial that individuals understand the product’s features and their associated fees.
Americans are a generous people. Many support charitable organizations that enhance their communities and enrich their personal lives. In addition to giving wisely to nonprofit groups, it’s important to anticipate financial obligations to family members while you’re still of sound mind.
Americans are living longer, healthier lives, and this trend is affecting how they think about and plan for retirement. For instance, according to the Employee Benefit Research Institute, the age at which workers expect to retire has been rising slowly over the past couple of decades. In 1991, just 11 percent of workers expected to retire after age 65. Fast forward to 2014, and that percentage has tripled to 33 percent – and 10 percent don’t plan to retire at all.
When considering adoption, it is important to understand the legal process, the evaluation by a social worker, programs that may help you finance an adoption, and your ability to care for a child.
If you are preparing to change jobs, do you know what your choices are for managing the money in your current employer’s retirement plan? Although many people choose to take a cash distribution, there are other options that may benefit you more.
There is a good possibility that you or your spouse will eventually require some form of long-term care. According to the U.S. Department of Health and Human Services, about 70 percent of people aged 65 or older will enter a nursing home for some period of time during their lifetimes.
The old saying “knowledge is power” applies to many situations in life, including retirement planning. The more you know about the benefits your plan offers, the more likely you’ll be to make the most of them and come out ahead financially when it’s time to retire. Here are some questions to test your knowledge about your plan.
Parents looking to take advantage of the many benefits of saving for college with a 529 plan will want to know the full details on which educational expenses qualify for tax-free distribution status – and which do not