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

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.

Does Your Estate Plan Cover Your Digital Assets?

By Penn Mutual | December 19, 2017

Going online to manage your money, check emails, plan your calendar or stay connected with friends and family eliminates paper trails, but it creates something else: digital assets. While digital assets may not have a physical presence, like a home or collectibles, you still need to make room for them in your estate plan.

Millennials: Live in the Moment but Plan for Retirement

By Jethro Kollie | December 12, 2017

Millennials are into experiences rather than ownership. Many futurists talk about how we live in a “post-ownership society,” where people would rather rent than own a house, use Uber and Zipcar instead of own a car, and use Spotify to stream music rather than own a CD from their favorite artist. But even people who live for today’s experiences should be planning for their financial future.

Financial Wellness: Get Your Wealth on Track

By Larry Adkins | November 21, 2017

It’s natural for people to dedicate time and effort toward their physical wellbeing – eating healthy, spending time at the gym, and taking up hobbies or activities that promote a balanced lifestyle. But, what about your financial wellbeing? Financial fitness is just as important but is often disregarded by many Americans. Here are four actionable takeaways that can help put you on the track toward financial success.

My Experience in Writing a Will

By Jay Perlman | October 17, 2017

I just went through the process of meeting with attorneys to draw up a Will and deal with all the issues of my impending demise. Or, maybe my demise is not so impending, but I think it still makes sense to be prepared.

Using Life Insurance to Fund College

By Nicholas Hoeschel | August 15, 2017

Saving for college is an excellent strategy, but parents often don’t realize that there are some ways to save that are better than others. There are times when having too much savings can reduce your child’s chances of qualifying for financial aid for college. In addition to the death benefit protection it provides, life insurance can be useful in helping to fund college.

Planning Your Journey Up and Down the “Retirement Mountain”

By David LaBricciosa | July 25, 2017

I wrote recently in The Hill about how retirement is like climbing a mountain. The peak of the mountain is your retirement date, and the ascent is the struggle to earn and save along the way. Of course, getting to the top of the mountain is only half the journey. Once you reach the top, you still have to work yourself safely down.

Why It’s Important to Understand What Your Business is Worth

By Roy Lenzo III | July 5, 2017

Without having a solid understanding of the value of your business, you may be setting yourself up for trouble. This can put you in a difficult position when it comes time to sell the business, borrow money, pass it on to your heirs, or even make everyday decisions about how to grow.

Don’t Forget to Include Your Pet in Your Estate Plan

By Margaret Muldoon | June 13, 2017

While it’s silly to leave $12 million to your dog, it’s not a bad idea to consider the care of your pets in your estate planning. Pets are considered property under the law, but for most pet owners they are treasured members of the family. But unless you specifically provide for the care of your pet, it will pass along with the rest of your property as outlined your Will or according to intestacy laws (if you don’t have a Will). That might not be the best person to care for your pet. There are three ways you can provide for a pet in the event of your incapacity or death.