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Beginner’s Guide to Annuities

Beginner’s Guide to Annuities

It is never too late, or too early, to start planning for retirement. Annuities are a popular option with many advantages. You can put away larger amounts of cash, and growth is tax-free until you withdraw the funds. As an investment vehicle, annuities may seem confusing at first. The following is a basic guide to annuities for beginners.  What Are Annuities? Annuities are a relatively...

How to Roll Over Your 401(k)

How to Roll Over Your 401(k)

If you leave your job for reasons other than retirement, you have four options on what to do with your 401(k). You can: Leave it with your former employer Consolidate it into your new employer’s 401(k) plan Cash it out Roll it over into an IRA or Roth IRA. Rolling Over a 401(k) to an IRA IRAs offer more investment options than 401(k)s. IRA fees...

Can I Have Multiple Health Insurance Plans?

Can I Have Multiple Health Insurance Plans?

Yes, it is perfectly legal to have more than one health insurance plan. With the coordination of benefits, it can work to your advantage. If you have access to two health insurance plans, it can increase your coverage and save you money.  Why Do Some People Have More Than One Health Plan? People can end up with more than one health plan in a variety...

Preparing for the Life Insurance Examination

Preparing for the Life Insurance Examination

The healthier you are, the lower the risk for the life insurance company. This is why they usually require a medical exam before issuing a policy. Great results on your examination can help you lock in lower life insurance rates for years to come. Get ready for your life insurance exam with the following tips. Start Preparing Weeks Before Your Exam Some simple dietary changes...

Am I Required to Provide My Employees with Short-Term or Long-Term Disability?

Am I Required to Provide My Employees with Short-Term or Long-Term Disability?

Short-term disability insurance provides some income replacement when a non-work-related illness or injury leaves an employee unable to work for a limited time period. Long-term disability insurance serves the same purpose, only for longer periods of time, ranging from two years to retirement age, depending on the policy.  No law requires employers to offer long-term disability insurance to employees. However, five states and Puerto Rico...