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5 Big Retirement Mistakes to Avoid
After decades of earning, saving, and investing, the years leading up to retirement represent a crucial turning point. Even experienced savers can make decisions—often with the best intentions—that unintentionally derail an otherwise strong plan.
Whether it’s claiming Social Security too soon, investing too conservatively, or overlooking healthcare costs, a few small missteps can ripple through decades of retirement income.
Which Retirement Plan Is Right For You?
Investment planning is far from a one-size-fits-all. An ideal portfolio should reflect employee demographics and keep pace with company growth and economic changes. Read our handout.
Avoiding Probate
You want to avoid probate for your heirs and beneficiaries—this will save them both time and money. If any of your assets do not have direct beneficiaries, your heirs will have to open an Estate Account and all monies will have to pass through the Estate Account by law before heirs can receive their portion.
Accounts for Minors: 529 Plans and UGMA Accounts
There are two types of accounts that can be set up for minors under the age of 18: 529 Education Accounts and Uniform Gift to Minors Act (UGMA) Accounts. The main goal for these accounts is typically for educational expenses, however funds from a UGMA account can be used toward the purchase of any items that are for the benefit of the child.