Term Life Insurance - What You Need to Know

Term Life Insurance – What You Need to Know

Life insurance is an important part of your financial planning toolkit. If you were to die, your loved ones would benefit from your smart planning steps taken now with a windfall to help ease the burden of life expenses such as being able to make mortgage payments, pay for utilities and have a more comfortable cushion of money to live on without your income.

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Should You Convert Your IRA into a Roth IRA?

Should You Convert Your IRA into a Roth IRA?

The question of should you convert your IRA into a Roth IRA and when is, of course, dependent upon your personal situation and financial position. Your financial advisor can help you look at where you are in your life right now – your age and financial outlook – to help determine if making the switch from IRA/401K to a Roth IRA makes sense for you.

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Portfolio Diversification - Protecting Your Assets from Market Volatility

Portfolio Diversification – Protecting Your Assets from Market Volatility

When you hear the term ‘portfolio diversification’ with regard to your investments, you might believe you’ve got a clear concept of it: don’t put all your eggs in one basket. Sounds simple enough. But there are many categories and degrees of risk that each of your ‘eggs’ can encompass, making this simple concept much more complex. So, while you correctly understand that portfolio diversification is not having all of your funds allocated to a single type of investment, there’s far more detail to delve into.

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Fiduciary Standard vs Suitability Rule – Choosing a Financial Advisor

Although the term fiduciary has been around for a very long time, most have not heard of it until recently. Our former president and the Department of Labor decided that it was in the best interest of the nation to hold financial professionals who provide advice to the public as it relates to their retirement accounts to what is called the “fiduciary standard”. Despite the enhanced visibility of the term ‘fiduciary,’ many people still aren’t entirely clear about its definition, let alone how the term impacts their own financial situation or choosing a financial advisor.

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Surviving the Financial Nightmare of Divorce

Going through a divorce is never fun. Not for you, and definitely not for your children (if you have them.) The results of a heated, adversarial divorce can be catastrophic – both financially and emotionally for you. And a truly vitriolic divorce can put your children into therapy for many years to come.

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Financial Focus

Bob Gustafson, RKG Financial

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