Guide to ERISA Compliance

Most private employers providing retirement and healthcare benefits must comply with the Employee Retirement Income Security Act of 1974 (ERISA). However, achieving the requirements is challenging for most companies. This guide will discuss what ERISA entails and the available plans. We will also address some standard requirements, the role of fiduciaries, common[...] Continue reading

Second Marriages and Finances

While getting married again is exciting, it's important to consider your financials before you tie the knot. Before getting married, you and your partner should consider your liabilities, assets, incomes, and expenses. Consider Children From Your First Marriage If one or both spouses pays or receives child support or alimony, you should discuss financials before[...] Continue reading

Why You Need a Living Will: The Purpose of a Living Will

A living will is a legal document known by various terms, including an advance directive, health care directive, or a declaration regarding life-prolonging purposes. This document is something that nearly everyone should have since it’s often used in sudden or unexpected circumstances. What Is a Living Will? If you’re terminally ill or injured and unconscious, the[...] Continue reading

3 Ways to Gift Money to Your Grandchildren

As a grandparent, you love your grandchildren and want to help them succeed. One way to achieve this goal is by providing financial assistance. This method helps your descendants have a good start in life, and it also benefits your relatives by reducing the size of your estate and the taxes due after you pass away. Here are three ways for grandparents to give money to[...] Continue reading

What Is a Conventional Loan?

Written by: Skylar Riddle, CFP® | Financial Advisor If you’re searching for a mortgage or want to refinance, you may have come across the term “conventional loan.” What does that mean? The conventional loan is the most common type of loan. These are loans provided by private financial lenders and they do not receive backing from the government. In[...] Continue reading