Health insurance is a crucial part of healthcare in the United State. With so many different plans and options, it can be confusing to understand the differences between them. Two of the most popular types of health insurance plans are Preferred Provider Organizations (PPO) and Health Maintenance Organizations (HMO). While both of these plans have similar features, some significant differences between the two should be taken into consideration when deciding which is best for you and your family. In this article, we will explain some of the main differences between PPO and HMO plans, as well as ..read more

What are 401k Contributions?  401k contributions are contributions made to an employer-sponsored retirement plan, typically from the employee’s salary on a pre-tax basis. The funds are invested in various assets such as stocks, bonds, and mutual funds. Employers may match a portion of the employee’s contributions, depending on the plan. But how much should you contribute to your 401k? Read on to learn to find out! Different Types of 401k Contributions  There are four different types of 401k contributions: pre-tax, Roth, after-tax, and employer matching.  1. Pre-tax contributions ..read more

Introduction Like many Americans, you make contributions to a 401K plan with the idea that you will get to reap the benefits when you retire. However, if you were to pass away prior to that time, do you have a plan? Do you know who you’d like your money to go to? This is your beneficiary. They would become the legal owner of your 401K assets. While the thought of life after your passing may feel uncomfortable, it is important to have a plan. In this article, we will go over the most basic information you will need in order to begin the process of naming your beneficiary. We will also go throug ..read more

Introduction What are your dreams for retirement? Is it to live on a beach somewhere tropical? Is it to buy a quaint cottage near your grandkids? Or is it to do all the traveling you didn’t get to do when you were working hard before your 50s? Whatever those dreams are, you need to have a game plan. So when it comes to retirement, you want to ensure you have a financial plan set up. Roth IRA or 401K: Which is right for you? Generally speaking, employees have two options to choose from to save up for retirement: A Roth IRA or a 401K. Both of these options guarantee some financial stability for ..read more

Introduction For some people, one of the most intriguing aspects of a job offer is what kind of retirement plan offerings they have in their compensation package. Aside from your social security benefits, you will want to make sure you have additional money to fund life after retirement.  The two most common retirement benefits offered are a 401K account or a traditional pension plan. In this article, we’re going to tell you all about 401K vs. pension plan options, so you can make the best choice for your future. What We Will Cover: 401K vs. Pension Plan 401K and pension plans both provid ..read more