Perspectives on Life

Planning Strategies

Discover financial planning strategies that will guide you through all stages of your life – from starting out, to building a family, to retirement.

Latest Stories

Financial Planning for Families with Love Ones with Special Needs

By Pat Bergmaier | May 8, 2018

Financial planning for families with special needs children can be challenging because “special needs” means special on every level. There is no cookie-cutter solution that can guide people in the journey.

Catching Up on Retirement in Your 40s and 50s

By Jim Knox | April 17, 2018

Sometime in your 40s or 50s, you realize that the years are passing by in a flash and retirement isn’t as far into the future as you once thought. So, if you haven’t been saving all these years, what can you do to catch up on retirement savings when you are in your 40s and 50s?

5 Ways to Balance College and Retirement Savings

By Penn Mutual | April 10, 2018

Saving for one goal doesn’t have to mean sacrificing the other. Try these strategies to help you prioritize and balance college and retirement savings.

Deferred Compensation Remains a Good Choice for Highly Compensated Employees

By J. Clifford Dixon | March 20, 2018

Deferred compensation is an often-overlooked way of sheltering income from taxes. It’s not right for everyone, but it has one big advantage: There is no limit to how much income can be deferred.

A Strategy for Optimizing Your Retirement Income

By Walter Young | March 14, 2018

“Save for retirement.” We’ve all heard the message of how important it is to save for retirement. But for all the talk about socking money away, there’s seldom any discussion of how to use that money in retirement so that it can last your entire life.

Remarriage and Estate Planning

By Penn Mutual | February 27, 2018

Marrying again later in life may mean untangling some sticky financial issues, particularly where an estate plan is concerned. If remarriage is on the horizon, here are the most important things to keep in mind as you join forces—and finances—with your soon-to-be spouse.

Four Commitments for Financial Success

By Carolyn Humphrey | February 6, 2018

Nowhere is a commitment more essential to success than when it comes to financial success. Here are four commitments you can make now that will help you understand what you need to do to reach financial success and, more importantly, the steps you need to take to make this happen.

How to Get Your Financial Life in Order on a Snow Day

By Cara Drew | January 23, 2018

Snow days can bring a welcome respite from the rush and bustle of everyday life. Suddenly housebound with nowhere to go and nothing to do, it can be a rare chance to just sit quietly watching the snow fall, or maybe to tackle some household projects you’ve been putting off. Here’s an idea that can combine deep thought with something you might have long neglected: Take some time to get your financial life in order. Here are a few financial things to think about if you find yourself with a snow day.

How to Choose the Right Executor for Your Estate

By Margaret Muldoon | January 16, 2018

When it comes to estate planning, many people view choosing an Executor (also referred to as Personal Representative) as the easiest part of the process. However, when planning your Will, choosing the right Executor can be one of the most important decisions you’ll make.

How to Recover Financially from the Holidays

By Penn Mutual | January 9, 2018

43% of holiday shoppers regret their splurges, according to a survey by Lending Tree. Here are 7 mostly painless ways to restore your financial balance.