Submitted by Brookhaven Wealth Management on May 1st, 2017
Submitted by Brookhaven Wealth Management on April 24th, 2017
Many people are familiar with the basic concepts of life insurance and understand that some level of protection is a necessary part of modern financial life. The question of what life insurance can actually accomplish, when considered as part of an overall financial plan, is more involved and worth a closer look.
Submitted by Brookhaven Wealth Management on April 17th, 2017
Vacation season is almost upon us and, for many Americans who haven’t traveled abroad in several years, their vacations have been years in planning. However, even the best laid plans can quickly come unraveled if you don’t take some extra measures to ensure that your finances are protected before you leave on your trip.
Submitted by Brookhaven Wealth Management on April 11th, 2017
There’s a good reason there’s an estimated 74 to 96 million owned cats and 70 to 80 million dogs in the U.S. With wagging tails, slobbery kisses, and little whiskers that make for adorable Instagrams, pets give us that warm, cuddly feeling inside. They are part of our families and some of our best friends.
Submitted by Brookhaven Wealth Management on April 4th, 2017
The term beneficiary crops up every now and again. Usually you’ll see it on an insurance form or hear about it in relation to a will, but despite the nonchalance we toss the term around with, beneficiaries are incredibly important. Let’s break down the details on how and why beneficiaries matter.
Submitted by Brookhaven Wealth Management on March 20th, 2017
For many people, structuring their auto insurance policy comes down to obtaining the greatest amount of coverage at the lowest cost. Because auto insurance has become commoditized, the focus often shifts to the premium amount as the primary point of comparison, which is fine as long as you don’t lose sight of what it is you are trying to protect.
Submitted by Brookhaven Wealth Management on March 13th, 2017
If you are at the point where you are asking how to buy a life insurance policy, then you have already made the most important financial decision, which is to take the steps to insure your family’s or loved one’s financial security. For many people, that is most likely a critical decision that has long been procrastinated.
Submitted by Brookhaven Wealth Management on March 6th, 2017
Are you a small business owner? How well do you manage risk? I’m sure you’ve talked to your insurance agent, attorney, and even your CPA about risk management and all the things that you need to cover to protect you and your business.
Submitted by Brookhaven Wealth Management on February 22nd, 2017
When people warn you that having kids is expensive, it’s no joke. From diapers to food, braces to sports activities the costs add up quick. For a middle-income family in the U.S. raising a child up until age 18, costs an estimated average of $245,340 (or $304,480, adjusted for projected inflation), according to the 2013 “Cost of Raising a Child” report from the U.S.
Submitted by Brookhaven Wealth Management on February 13th, 2017
As the saying goes there are two things that are inevitable: death and taxes. And, out of those two sure things, you can only really plan for your taxes. It should be no surprise when tax season surely and steadily rolls around again, yet every year there are plenty of individuals who file for a tax extension (in 2014 there were approximately 12 million Americans who did so).
Well, you may not want to contribute yet to your SEP or SIMPLE IRA for 2017 if you have one of these plans. Why? You may not be able to open a Defined Benefit or Cash Balance Plan for 2017 if you do.