Financial Planning

Retirement Plan Fees: Know What You Are Paying

Many large companies offer employees a 401(k) plan with some degree of matching contribution. Although this is a good employee benefit to have, you always should pay attention to the fees involved in your plan. Your plan provider charges various fees to invest, manage and administer the plan, and those fees are passed on to…

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Potential Reasons to Put the Retirement Countdown on Hold

Retirement is still something most people look forward to, but over the years, some of the reasons for anticipation have dwindled. During the industrial age, more people worked jobs requiring manual labor that were hard on the body.   By mid-century, many rank-and-file workers could look forward to a pension waiting for them upon retirement.…

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Back to School: Planning for College Expenses

Paying for college has become one of the greatest challenges of the American family. Whether your children plan to attend a state university, a private institution, or it’s just too early to tell, planning for college expenses should be a primary factor when considering your investment portfolio and other financial vehicles.

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Why Retirement Planning is Different for Divorcees

Studies show that one in every four divorces happen to people over 50 years of age1. If you’ve been divorced – particularly if you haven’t remarried – your retirement planning picture might look a lot different than that of your married peers. Whether the breakup happens close to retirement age or earlier on greatly impacts…

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Spring Clean Your Investments

By Reid Johnson, President, Lake Point Advisory Group With the weather warming up, we often think of cleaning out our gardens, our closets, and our houses in general.  But what about your investments? As everything begins anew and plants begin to green up and sprout out, now is a good time to think about the…

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4 Often Misunderstood Tax Terms

Tax season is the time when so many of our clients bemoan their lack of tax expertise. The fact is that the code is thousands of pages long, and changes frequently. We highly recommend the use of a certified public accountant when filing your taxes. But even the best accountants need input from you as…

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