What Happens When You Inherit A 401(k)?
Posted: December 13, 2020
A 401(k) is a tax-deferred, retirement savings account. When a person opens a 401(k), he or she names one or more beneficiaries to receive the remaining funds when the account holder dies. If you have inherited a 401(k), your options will depend on several factors, including your age, the account holder’s age at the time of death, and whether the account holder was your spouse....
What Happens When My Kids Need Their Own Health Insurance?
Posted: December 10, 2020
As parents we provide for our children’s basic needs. That includes health insurance, so they have access to the medical care they need, when they need it. However, kids grow up, and there comes a time when they need their own health insurance. Here is some information that could help you and your child with the transition. At What Age Do Kids Need Their Own...
Is It Time To Upgrade My Life Insurance?
Posted: December 7, 2020
It makes sense to purchase life insurance early in life. The younger you are when you buy a policy, the longer you are likely to live and, therefore, the lower your premiums will be. But as time goes by, life changes and other factors can affect your coverage needs. Our experienced agent can review your life insurance policy with you and help you decide if...
Pros & Cons Of Opening A Flexible Spending Account
Posted: November 28, 2020
Flexible spending accounts (FSAs) are associated with employer-sponsored health insurance plans. They allow you to divert a tax-deferred portion of your earnings into the account, which you can use to pay for certain healthcare-related expenses, including copayments and deductibles, and dependent-care costs. Money in an FSA must be used by the end of the plan year. However, employers may offer a grace period of up...
How Do I Know If I Need Separate Vision Insurance?
Posted: November 25, 2020
Regular eye exams are essential for maintaining the health of the eyes – the organs that make vision possible. Eye exams can also detect underlying health conditions that may otherwise go unnoticed. Depending on your annual vision care costs, you may need separate vision insurance to get the eye and vision care you need. Is Separate Vision Insurance Worth It? You may purchase vision insurance...