Share March 1, 2023 Equity markets pulled back in February, as the S&P 500 was down -2.44%, US small caps -1.23%, US mid-caps -1.81%, international developed -2.10%, and emerging markets -6.02%1. The US Aggregate Bond Index declined -2.59% in February1.
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ShareMany people use the terms “will” and “trust” interchangeably, but these documents are very different. In many cases, it’s wise to set up both a will and a trust as components of a comprehensive estate plan. What is a will? A will is a legal document that names who you want to receive your property […]
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ShareWhat Can I Do with My 401(k)? When you have an employer-sponsored retirement account, like a 401(k) or 403(b), it is important to know your options if you leave your job. After all, you want to keep and manage your investments without having to pay a penalty for making the wrong choice. Your options include:
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Share Charitable Donation Accounts (CDAs) give credit unions the opportunity to give back to the very communities they serve. With the goal of better fulfilling its charitable mission nationwide, Firefighters First Credit Union (FFCU) established a charitable donation account with Members Trust Company in 2018. Since then, Firefighters First has been able to fund its […]
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ShareChoosing the right trustee to manage your assets is one of the most important steps in estate planning.
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ShareA trust is a legal document that allows a third party, or trustee, to handle your assets in the event of death or incapacity. Why do people set up trusts? People set up trusts to help manage their assets during their lifetime and after death. In the event of death, trusts make sure that your […]
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ShareDid You Know? Research shows that people who receive an outright inheritance often squander the money.1 One study found that people of ages 20-40 lost half of all money inherited due to spending or bad investments.1 Another study found that one third of people who received an inheritance had negative savings within two years of […]
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ShareSpecial needs trusts offer a solution for those who want to provide assistance to someone with special needs, while maximizing the benefits of government programs. Living with special needs involves many challenges to ensure proper care. Predicting medical expenses and evaluating resources for long-term support can be tricky and overwhelming. Regardless of age, a family […]
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ShareAn estate plan defines who you want to manage or receive your assets in the event of your incapacity or death. Did you know that “estate” is a Middle English word derived from the Latin term for status? Since the 13th Century, this archaic word has been used to describe a person’s social standing or […]
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ShareWho Needs a QTIP Trust? Married people with kids from a former relationship, a blended family, tend to set up QTIP trusts. A QTIP trust allows people to leave inheritance to both the surviving spouse and children from a former relationship after death.
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