Life insurance is an agreement between you (the insured) and an insurer. Under the terms of a life insurance policy, the insurer promises to pay a certain sum to a person you choose (your beneficiary) upon your death, in exchange for your premium payments. Appropriate life insurance coverage may provide you with a feeling of
What if you’re nearing retirement and you determine that your retirement income may not be adequate to meet your retirement expenses? If retirement is just around the corner, you may need to drastically change your spending and saving habits. Saving even a little money can really add up if you do it consistently and earn
You’ve worked hard your whole life anticipating the day you could finally retire. First of all, congratulations if that day has arrived! You’ve spent a lifetime accumulating your retirement assets, and now it’s time to put them to work. Reaching retirement comes with the realization that you’ll need to carefully manage these assets so that
If you are a young adult just starting your first job, chances are you face a number of different challenges. College loans, rent, and car payments all may be competing for your hard-earned yet still entry-level paycheck. How can you even consider setting aside money in your employer-sponsored retirement plan now? After all, retirement is decades
As astonishing as it may seem, 2017 is quickly coming to a close. And, if you’re in the below category, you may be approaching the deadline for taking your required minimum distributions from your qualified retirement savings. Even if this year is not your first, many people are confused about the accounts that are required,
Every year, the United States declares September as National Life Insurance Awareness Month. That’s because there are few things more important than making sure that our loved ones, our charities, our estates, etc., are properly taken care of in the event of our death. The CFS* Financial Advisors here at Elevations Credit Union are life
Retirement preparation is one of the most important, yet overlooked phases of our lives that many people simply don’t pay attention to. The fact is that the 10 years prior to your retirement are the most critical and will be more important than all of the previous years in ensuring a smooth and stress free
Long term care is a topic that we are getting more and more questions about and is fast becoming one of the largest parts of the body of work and planning that we do for our clients and members.
As we start a new year there is never a better time to begin to get your financial house in order. One of the best ways to do this is with the help of a financial plan
The window of opportunity for many tax-saving moves closes on December 31, so it’s important to evaluate your tax situation now, while there’s still time to affect your bottom line for the 2016 tax year.
