4 reasons why life insurance for children (and grandchildren) may be an appropriate financial planning strategy.

There are opinions on both sides as to whether buying life insurance for children or grandchildren is a good idea or an appropriate financial investment. Here are four reasons to consider in making your decision.       1.  Building cash value. By purchasing a whole life insurance policy, the policy accumulates cash value over time. …

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Here’s the information you need to know about the Financial Exploitation of Seniors Act!

FINRA Rule 2165, known officially as the “Financial Exploitation of Specified Adults” but known commonly as the “Financial Exploitation of Seniors Act”, goes into effect February 5, 2018.  Here are 3 important facts you need to know about the Rule: 1. If you are a “specified adult”, financial institutions may place a temporary hold on…

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THE SECURE ACT: HOW IT MAY CHANGE YOUR RETIREMENT AND ESTATE PLANNING

The U.S. Congress signed a $1.4 trillion year-end spending bill on December 20, 2019.  Neatly tucked away inside this new spending law is the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which became effective January 1, 2020. The SECURE Act may require a re-evaluation of your current retirement and estate plans. Therefore, it…

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