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    1. What is a Trusted Contact? Do You Need One?
      If you’ve not heard of the idea of a “trusted contact” for your brokerage account, you’re not alone. It’s a relatively new concept: In 2018, the
    2. How Secure Are Your Financial Accounts And How To Protect Yourself
      It's a new year and we have a new President of the United States, but that doesn't mean that the world has changed all that much. Just like before, identity theft is on the rise, and more people than ever would love to get their hands on your Social Security number and account passwords. Much of this information is bou
    3. I’m Retired. Should I Pay Off My Mortgage?
      It’s 5 p.m. on a Tuesday, and you tune in to a radio show as you sit in gridlocked traffic.
    4. What Employers Need to Know about 401(k) Plans
      In a tight labor market, businesses need a retirement savings plan to recruit and retain good workers. In fact, about 80% of Americans work for an employer with a 401(k)-style retirement plan. In the following conversation, Robert Diedrich, president-wealth management division, First Midwest Bank, discusses recent rule
    5. 4 open enrollment pain points--and how small businesses can avoid them
      For many small businesses, open enrollment comes at a tough time. Year-end is approaching fast and you may want to focus on holiday sales, tax strategies and business planning for the coming year, instead of how to get your employees excited about and enrolled in a new employee benefits package. It doesn't help that th
    6. Smart Strategies for Couples Who Run a Business Together
      Gail Nott was a marketing consultant and her husband, Cory, a tech consultant, when they joined forces in 2018 to help other consulting and coaching businesses expand. Married since 2005, Gail, 46, and Cory, 53, of Nicasio, Calif., found it tough going at first.
    7. What is a rollover IRA? How to transfer funds from your 401(k) to an IRA and avoid taxes
      Summary List PlacementIf you have an employer-sponsored plan like a 401(k), you might wonder what happens to your money when you leave the job — either for a new gig, to work on your own, or to retire early. A rollover IRA is one alternative. It could be a smart choice if you're looking for more investment options, low
    8. Want To Leave Your Kids An Inheritance? They May Only Have 10 Years To Take It.
      The Secure Act, which was signed into law in December 2019, brings about several major changes to the retirement system. One such shift marks the end of so-called “stretch IRAs” for non-spouse beneficiaries who inherit a retirement account after 2019. Although there are a couple of exceptions, starting in 2020, most ad
    9. What information does an employer have to give regarding a 401(k) plan?
      Any employer who offers a 401(k) retirement plan is required to provide each plan participant, free of charge, copies of the summary plan description, the summary annual report, and an annual statement of the participant's account. In addition, every participant has the legal right to request, in writing, a host of oth
    10. What to Know About Mortgage Escrow Accounts
      When you finance your home with a mortgage, your lender will likely require you to maintain an escrow account. With this setup, a portion of your monthly mortgage payment is set aside to cover your annual property taxes and home insurance premiums.