Three Things to Consider Before Giving Financial Gifts to Your Grandkids

It’s one of the great joys of being a grandparent: Giving gifts to your grandkids. There’s no joy quite like seeing a grandchild’s face light up when opening a gift from his or her grandparents. In addition to holiday and birthday gifts, grandparents also sometimes choose to give their grandkids financial gifts, such as contributions […]

5 Common Myths and Facts about Section 529 College Savings Plans

529 Myths

Recent statistics indicate that the cost of a college education continues to soar. According to the College Board, the average budget for one year of education at a public university is around $25,000 (including tuition, fees, books, room and board and other living expenses). At a private college, this soars to nearly $51,000. Fortunately, Section […]

The Retirement Savings Crisis: Buck the Trends in Retirement Savings

Retirement Crisis

The sad truth is that most working-age U.S. households are nowhere near ready for retirement. According to The National Institute on Retirement Security (NIRS), the median retirement account balance for working-age American households is only $3,000. Even most Americans who are close to retiring are woefully unprepared, with a median retirement account balance of only […]

Make Note of These Cost-of-Living Adjustments for 2018

Cost of Living Adjustments

Each year, the IRS makes cost-of-living adjustments (or COLAs) to dollar limitations that apply to qualified retirement accounts and Social Security. With the new year right around the corner, now is a good time to review these adjustments for 2018 and assess their potential impact on your financial plans. COLAs Affecting Retirement Accounts If you […]

‘Tis the Season for Generosity … and Also Tax Savings

Donation

At this time of year, many people desire to help others who are less fortunate than they are by making contributions to charity. By planning carefully, you may be able to realize tax benefits when donating cash and property to qualified charitable organizations. This makes now a good time to plan out your charitable giving […]

Retiring Early: How to Make This Dream a Reality

retiring early

The age of 65 has often been viewed as the “traditional” retirement age in the U.S. But there are no laws stating that you have to retire at 65. Most people have the freedom to retire whenever they want, assuming they have the financial means to do so. This includes retiring early. Many people dream […]

Should You Purchase Disability Insurance?

disability

When it comes to tools to protect their families financially, the first thing many people think about is life insurance. We, at Frontier, believe that life insurance is obviously an important part of any financial protection plan, but there’s another tool that may be just as important: disability insurance. We believe that for manypeople, the […]

Why Protecting Assets is as Important as Accumulating Them

asset protection

Asset preservation has become increasingly important in today’s litigious society. A malpractice or personal injury lawsuit or adverse divorce settlement could put in jeopardy all the assets and wealth you’ve worked your entire life to accumulate. Given this, it’s just as important to devise asset protection strategies as it is to devise asset accumulation strategies. […]

Choosing a Trustee: What Can You Do If A Family Member Isn’t An Option?

trust

Frontier realizes that one of the most important aspects of estate planning is designating a trustee or executor for your estate. Your trustee will be responsible for managing the financial affairs of your estate after you die. Trustees generally assume a wide range of estate management responsibilities, including distributing assets according to the terms of […]

Retirement Planning Strategies When There is a Sizable Age Gap

age gap

Most married couples tend to be relatively close to each other in age. According to the most recent U.S. census data, the average age gap between married couples is 2.3 years. However, in 10 percent of marriages, the age gap is more than 10 years. Unique Planning Challenges A sizeable age gap between spouses can […]