The R.I.C.H. Planning Group, LLC LTMOnline E-Newsletter

Robert A. Imparato, Jr CFP^®

CERTIFIED FINANCIAL PLANNER™ professional

Craig A. Hyldahl CFP^®

CERTIFIED FINANCIAL PLANNER™ professional

R.I.C.H. Planning Group, LLC

105 Fieldcrest Avenue, Suite #507

Edison, NJ 08837

Robert: 732-326-5240

Craig: 732-326-5240

Fax: 732-326-5331

Robert: robert@richplanninggroup.com

Craig: craig@richplanninggroup.com

Website: www.richplanninggroup.com

September/October 2021

Benefits: Don't Just Renew

Open enrollment gives you the opportunity to review the benefits your employer will offer in the coming year. Review all your options and make selections based on your family’s current needs.

No Place Like Home

Thinking about buying a house? Here’s what you need to know before you start your search.

RMDs: Know the Rules

Whether you’ve already begun taking required minimum distributions (RMDs) from your retirement accounts, or you’re just about to begin, understanding the rules that govern these accounts will help you avoid costly mistakes. Consult your financial and tax professionals before you take a withdrawal.

Make the Most of a 529 Plan

A 529 plan* is a tax-advantaged savings plan that enables parents and others to save for a child’s future education costs. Section 529 plans, also called “qualified tuition plans,” are sponsored by states, state agencies or educational institutions. All fifty states and the District of Columbia sponsor at least one type of plan.

Life Insurance - Who Needs It?

If your employer provides group life insurance as one of your benefits, you may think you don't need an individual policy. But what happens to that benefit if you leave your job? Employer-provided life insurance coverage generally ends once you're no longer employed by the company. And even if you remain with your employer throughout your career, will the amount of coverage - typically, a multiple of your salary - be enough? Purchasing a life insurance policy* on your own can ensure that your coverage will continue no matter where life takes you.

Ladder Annuities for Steady Income

Are you seeking an investment that provides guaranteed income in retirement? You might want to consider an immediate annuity.* With an immediate annuity, you receive fixed payouts over a set number of years in exchange for an initial lump-sum payment.

Millennials: Shore Up Your Finances

Millennials tend to fall behind their parents’ generation when it comes to accumulating wealth. The Great Recession, student-loan debt and wariness about investing in stocks are some of the reasons. The good news is that millennials still have time to play catch-up. Here are some moves that can help millennials get their finances to a better place.

Diversify and Stay Calm

The unknown can be scary, especially when it comes to your finances. You don’t have a crystal ball, but you do have one tool in your financial toolbox that may help cushion your portfolio against any market fluctuations: Diversification.*

Stock Values and Bond Yields: A Primer

It’s no surprise that stocks have historically performed well in a robust economy. When consumers are spending, companies earn more and stock values tend to increase. Bonds have historically moved in the opposite direction of stocks, often benefiting from slow economic growth and low inflation. Their regular interest payments may be especially attractive to investors when stock prices decline.

Hiring When Your Budget's Tight

If your business’s profits declined during the pandemic, you may be looking for ways to build momentum. And that may involve hiring new employees. The challenge is to obtain the expertise that your business needs in the most cost-efficient way possible. Hiring an older worker may be the answer.

Reward Employees for Their Hard Work

Employees who enjoy their work and are motivated to perform at their peak are important to the success of your business. Employee incentive programs encourage excellence and promote worker loyalty that can help your company reach its business goals.

Prepare a "Go Kit"

If you're forced to evacuate your home quickly, having everything you need packed can save precious minutes.

Plan for Emergencies

Developing a family emergency plan can help you navigate a potentially life-threatening situation. These guidelines can get you started.

CONTACT US

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Securities offered through Equitable Advisors, LLC (NY,NY (212) 314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN). Investment advisory products and services offered through Equitable Advisors, LLC, an SEC-registered investment advisor. Annuity and insurance products offered through Equitable Network, LLC, which conducts business in California as Equitable Network Insurance Agency of California, LLC; in Utah as Equitable Network Insurance Agency of Utah, LLC; and in PR as Equitable Network of Puerto Rico, Inc. Equitable Advisors and Equitable Network are affiliated companies and do not provide tax or legal advice. R.I.C.H. Planning Group, LLC is not owned or operated by Equitable Advisors or Equitable Network. Equitable Advisors and Equitable Network are brand names for Equitable Advisors, LLC and Equitable Network, LLC, respectively. GE-4833845.1 (7/22)(Exp. 7/24) CFP® and CERTIFIED FINANCIAL PLANNER™ are certification marks owned by the Certified Financial Planner Board of Standards, Inc.
These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.
R.I.C.H. Planning Group, LLC and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

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