Mike Plumlee, Financial Planner’s┬áBlog

What is a Contingent Beneficiary?

What is a Contingent Beneficiary?

When an individual authors a will or plans how their estate's final affairs are to be handled, many issues must be resolved. One such consideration that often arises is the designation of beneficiaries (persons who receive the decedent's assets). During the process of...

All About Umbrella Policies

All About Umbrella Policies

Everyone knows about homeowners and auto insurance. These are musts, and they protect policy-holders in the event of accidents and lawsuits. The trouble can arise in the event of a lawsuit. If someone is sued and the judgment ends up being more than the dollar value...

Threats To A Comfortable Retirement

Threats To A Comfortable Retirement

When it comes to your retirement, you’re the only one who’s ultimately going to be looking out for your best interests. While a financial advisor can help you through the steps of making sure that your retirement funds are properly secured, it’s up to you to make sure that you have enough money set aside to help you in your later years. That means understanding the most common threats that put retirement funds at risk. Keep these in mind before you sit down and define with your retirement goals.

How To Invest In Stocks

How To Invest In Stocks

When it comes to building wealth, few avenues are as effective as investing in the stock market. However, just because investing in the market is generally effective, it doesn’t mean that everyone knows where to start.

Estate Planning Tips

Estate Planning Tips

It is not uncommon for people to procrastinate on estate planning. Even people who already have an estate plan may not have reviewed it in some time. Changes in the family, such as births and deaths, or in tax laws should trigger a review. Otherwise, people should...

What is a Roth IRA?

What is a Roth IRA?

One of the more common investment options that financial gurus recommend for retirement savings is the Roth IRA. This type of retirement account has some features that are similar to the Traditional IRA option, but it also has some that are much different.

Maximize Your Social Security Benefits

Maximize Your Social Security Benefits

When it comes to planning for social security, there's one big question that looms over the rest. Should you take your benefits now or wait and let them mature? But that's not the only question to consider. It's important to take these other factors into consideration...