Asset Map Video Posted on August 28, 2020October 9, 2023 by ksimas <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span> Big Test
What are Mutual Funds? – MemberMinds Video Posted on May 12, 2020June 29, 2020 by ksimas A mutual fund is a portfolio of securities such as stocks or bonds. Investors can own shares of a mutual fund and over time can earn capital gains or experience capital losses. In this video, MemberMinds host Tom Nugent talks with Chris Janeway, a PlanMember Financial Professional. They discuss: The basics of mutual funds and their advantages and disadvantages How mutual funds are managed and who chooses the securities included in the portfolios The differences between managed and indexed mutual funds Costs related to owning mutual funds and the various expenses and fees Knowing when a mutual fund may be the right investment vehicle for your overall investment plan
529 College Savings Plans – MemberMinds Video Posted on May 12, 2020June 16, 2020 by ksimas <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span> A 529 plan allows individuals to save money for college on a tax-advantaged basis and can be a great vehicle to help pay for eligible college expenses. Many parents and students are trying to figure out how best to save for the high cost of college. MemberMinds host Tom Nugent and Chuck Riharb, Business Development Officer at PlanMember discuss 529 plans. Together they review: What 529 plans are and the tax advantages they provide Who can use the proceeds of a 529 and what qualified expenses include Who can start a 529 plan and other features of 529 plans To get further insight about 529 plans and other college savings vehicles, contact your PlanMember Financial Professional.
Beneficiaries – MemberMinds Video Posted on May 12, 2020June 29, 2020 by ksimas Proper designation and regular review of your retirement account beneficiaries are essential to ensuring that what remains in your accounts after you pass on goes exactly where you want. All too often, improper designation or failure to update account beneficiaries leads to unnecessary delays, taxes, legal battles or the money simply not going where it was intended. Angel Sugleris, Assistant Vice President of Human Resources at PlanMember, and host Tom Nugent discuss the importance of beneficiary designation. Additionally, they cover: State regulation for spousal beneficiary designation Naming a trust or a will as a beneficiary The importance of reviewing your beneficiary designations
Working with Financial Advisors – MemberMinds Video Posted on May 12, 2020June 16, 2020 by ksimas Working with a financial advisor can help you tackle important financial decisions about retirement planning, but the decision of who to choose can be difficult. This episode of MemberMinds on the advantages of having a financial advisor and some tips on how best to select one. Topics include: What to look for when researching potential financial advisors What qualifications and credentials financial advisors can have and what they mean What a relationship with a financial Advisor means and what to expect To get more information about selecting a financial advisor, contact your PlanMember Financial Professional.
Roth IRA – MemberMinds Video Posted on May 12, 2020June 29, 2020 by ksimas <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span> Roth IRAs are after-tax individual retirement plans created to help individuals save for retirement. Because it allows individuals to save after-tax dollars and provides tax-free income in retirement, a Roth IRA may have advantages for many investors. In this episode, MemberMinds host Tom Nugent talks with Greg Marsh, Registered Representative at PlanMember Securities, about the differences between a Traditional IRA and a Roth IRA and when you should consider one over the other. Additionally they discuss: The tax advantages of a Roth IRA How household income can affect your ability to contribute to a Roth IRA Conversion from Traditional IRAs into Roth IRAs
403(b) Plans – MemberMinds Video Posted on May 12, 2020June 16, 2020 by ksimas <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span> A 403(b) savings plan is an employer sponsored retirement plan for employees of school districts, governmental organizations and other 501(c)(3) nonprofit employers. While its counterpoint for employees of private employers, the 401(k) plan, is similar, there are some distinct differences are worthy of discussion. In this video, MemberMinds host Tom Nugent talks with Richard Ford, Chief Marketing Officer at PlanMember. They discuss: What exactly a 403(b) is and who can contribute to one Tax-advantages of a 403(b) and concurrent 457 contributions 403(b) Roth options and other additional 403(b) features To get further insight about 403(b)’s and to find out if one might be right for you, please contact your PlanMember Financial Professional.
Retirement Plan Loans – MemberMinds Video Posted on May 12, 2020June 16, 2020 by ksimas <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span> No one wants to have to dip into retirement plan savings to meet current financial needs, yet retirement plan loans are an option many Americans consider using under pressing financial circumstances. As an alternative to taking heavily penalized early distributions from a retirement plan, a plan loan may be an option better suited to ensure you preserve what you’ve worked so hard to save. In this video, Tom Nugent and Chris Greenan explain more about what a retirement plan loan is, what types of plans they are available, and some of the regulations and restrictions for taking them. Considering a retirement plan loan? There are several things to carefully consider before you make your decision. What exactly is a Retirement Plan Loan, and when they are available How much can be borrowed in a retirement plan loan How retirement plan loans are repaid • How interest works for plan loans What happens if an individual is unable to repay a plan loan To learn more about plan loans, contact your PlanMember Financial Professional.
Annuities – MemberMinds Video Posted on May 12, 2020June 16, 2020 by ksimas <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span> Many people face the challenge of transitioning from saving for retirement, to spending during retirement. Leveraging an annuity is one way to help ensure that adequate income is available during retirement. MemberMinds host Tom Nugent discusses principles of an annuity and strategies for using them with Steve Hanson, Vice President of Strategic and Product Development at PlanMember. Additionally, they discuss: The different types of annuities How annuities can be used to cover essential retirement expenses Optional features annuities can have, and their provisions To get more information about the different types of annuities and their features, contact your PlanMember Financial Professional.