Blog - North Light Financial Services

Tell Your Beneficiaries About Your Accounts and Policies

Tell Your Beneficiaries About Your Accounts and Policies Let them know how they will receive retirement assets and insurance benefits. Will your heirs receive a fair share of your wealth? Will your invested assets go where you want them to when you die? If you have a proper will or estate plan in place, you will likely answer “yes” to both of those questions. The beneficiary forms you filled out years ago for your IRA, your workplace retirement plan, and [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:15-04:00May 12th, 2016|Estate Planning, Financial Fitness, Personal Finance|Comments Off

Should You Plan to Retire on 80% of Your Income?

Should You Plan to Retire on 80% of Your Income? Examining a long-held retirement planning assumption. A classic retirement planning rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering? Some new research suggests that retirees may not need that much annual income to keep up their standard of living. The 80% rule is really just a guideline. It [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:15-04:00April 29th, 2016|Retirement, Saving & Budgeting|Comments Off

College Funding Options

College Funding Options You can plan to meet the costs through a variety of methods. How can you cover your child’s future college costs? Saving early (and often) may be the key for most families. Here are some college savings vehicles to consider. 529 plans. Offered by states and some educational institutions, these plans let you save up to $14,000 per year for your child’s college costs without having to file an IRS gift tax return. A married couple can [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:16-04:00April 8th, 2016|College Savings, Personal Finance, Savings and Investing|Comments Off

Money Concerns for Those Remarrying

Money Concerns for Those Remarrying What financial factors deserve attention? Some of us will marry again in retirement. How many of us will thoroughly understand the financial implications that may come with tying the knot later in life? Many baby boomers and seniors will consider financial factors as they enter into marriage, but that consideration may be all [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:16-04:00March 30th, 2016|Financial Fitness, Personal Finance, Remarrying, Retirement|Comments Off

Financial Planning with Health Insurance in Mind

Financial Planning with Health Insurance in Mind How much might health care cost you someday? “Financially speaking, what would be the worst thing that could happen to you?” If you ask a hundred people in their forties that question, you may get a dozen different answers. Some may say “my business going under” or “losing my house.” Some might say “a divorce,” “a lawsuit,” or “being laid off.” But how many would say “a severe illness?” A catastrophic illness seems [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:16-04:00March 17th, 2016|Financial Fitness, Health Insurance, Retirement, Well-being|Comments Off