Build a Retirement Nest Egg
While retirement may seem like it’s an eternity from today the impact of saving early can be a game changer, ask any 60 year old.
- If you work for a company that provides a match to your 401(k) contribution don’t miss out on the free money
- Tax laws play a significant role in saving for retirement so make sure you understand the impact
- By starting early you can save almost twice as much
When Do I Need Insurance?
Insurance comes in all shapes and sizes, from auto to health to life insurance. We work with you to help you decide what you need as well as how much you need.
- There are so many complicated options and products it’s important to know what questions to ask
- Insurance is a great way to protect what you have but don’t buy or pay too much
- Right now federal law allows young adults to stay on their parents healthcare plan through age 26, in certain states even longer
- It’s important to review the insurance you own annually and compare it to new options as prices continually change
Buying My First Home
There is certainly a lot to think about when buying your first home. Remember…
- You should try to set aside 20% as a down payment to avoid private mortgage insurance and get the best mortgage rates from your bank
- Banks are required by law to provide you with a good faith estimate of their fees within 3 days of you completing a mortgage application
- You will need at least 5% as a deposit at least 60 days prior to closing
- A solid estimate when saving to buy a home is to set aside $25,000 for every $100,000 in house
