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Welcome to our blog. Here you can find views on the financial world and keep updated on the latest news.

Is Your Homeowners Insurance Strong Enough?

Is Your Homeowners Insurance Strong Enough?

Your home is often the most valuable thing you own; not only for sentimental reasons, but just for the sheer dollar amount.  I am guessing that while the vast majority of you have homeowners insurance, people often do not know or understand the coverage they have.  In some cases, this can be costly if a claim is made later.  Here are a few things to review in your homeowners’ policy that are common points of confusion.

 

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Why the SECURE Act Makes Life Insurance More Attractive

Why the SECURE Act Makes Life Insurance More Attractive

With the new restrictions for inherited IRAs for non-spouses due to the new SECURE Act, it may make sense to use life insurance as an estate planning tool.

With the passing of the SECURE Act last year, there is a significant change to inherited IRAs for non-spouses.  Rather than withdrawals being taken over the course of the recipient’s life, they must now be taken fully over 10 years.  This can cause creation of a higher tax burden as this money counts towards the income of each beneficiary.

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Warning – The S&P 500 May Ruin Your Retirement

Warning – The S&P 500 May Ruin Your Retirement

The Warning

If you are a typical investor (or financial advisor for that matter), it is possible that the S&P 500 index could do a great deal of damage to your retirement plans.  To be clear, the problem with the S&P 500 index is not that it has performed poorly or that I’m predicting that it will perform poorly in the future.  The problem is that way too many investors and financial advisors give the S&P 500 stock index way too much power over their financial lives.

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Retirement: Why to STAY in Chicagoland

Retirement: Why to STAY in Chicagoland

Many people consider moving when retiring.

 If you live Chicago or its suburbs, it may be a good idea to stay put.

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Three Things You Need to Know About the Equifax Settlement

What happened?’

In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories.

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Securities offered through Royal Alliance Associates, Inc., member FINRA/SIPC. Insurance and investment advisory services offered through Phase 3 Advisory Services Ltd., a registered investment advisor not affiliated with Royal Alliance.

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