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

Make Life Insurance Your Business Partner

By Margaret Muldoon | May 2, 2017

Business owners know firsthand that building their business and staying successful requires significant time and resources. Yet many small business owners are not aware of critical business planning areas that put the future of their businesses at risk if left unaddressed. Life insurance can be an excellent partner in many aspects of business planning.

Spring Cleaning – Declutter Your Financial Life

By Carolyn Humphrey | April 18, 2017

The start of spring marks not only a good time for cleaning your house and garden, but is also an opportune time to clean up your finances and get things in better order. Done right, it should make your life easier throughout the rest of the year. Your financial life will be less cluttered, and you will be able to work more efficiently.

Why Buy Life Insurance After Age 65?

By Raymond Caucci | February 1, 2017

While life insurance is sometimes seen as something only young people need – when someone has a young family, a mortgage, and an income to protect – people over age 65 are increasingly looking to buy life insurance. Here’s why that makes sense.

Financial Planning for Long-Term Care

By Kevin Gianfortune | November 29, 2016

Make no mistake about it: Long-term care can be enormously expensive, so much so that it can throw the most carefully crafted retirement or estate plan out of whack. The average cost of care here in the Philadelphia area is around $7,000 to $9,000 a month for skilled nursing care, and the costs are much the same throughout the country. Elder care is also fraught with potential traps.

Estate Planning for Blended Families

By Margaret Muldoon | October 18, 2016

I wrote a while ago about the changing composition of the American family, using characters and family relations in the TV network series Modern Family to illustrate how complex a family can be for estate planning. Today I’d like to follow up and talk more in-depth about the estate planning challenges of blended families.

Your Will is Just the First Step in Estate Planning

By Margaret Muldoon | August 30, 2016

If you are one of the 45 percent of people who have written a Will, congratulations! But it’s not enough just to have a Will in place. You also want to review the ownership of your assets to ensure everything aligns with your Will. There are a lot of moving parts that need to be considered so that your wishes are met.

Saving for Retirement: Myth vs Reality

By Lisa Powell | July 20, 2016

Research tells us that 53 percent of households are “at risk” of not maintaining their living standards in retirement. While much of that is simply because people are not saving enough, even those who think they are doing a good job planning for their future may have made some mistakes due to some big myths surrounding retirement saving.

Effective Planning with Life Insurance – Avoid These Common Tax Traps

By Eva Victor | July 12, 2016

Life insurance is a unique financial product that may provide needed liquidity during lifetime and upon death of the insured. The importance of life insurance is reflected in its favorable tax treatment. However, tax traps can frequently arise in structuring a policy and in common planning contexts.

Diversifying Retirement Income Sources

By Penn Mutual | June 22, 2016

You’ve been working hard most of your life, with the end goal of retiring and enjoying life at your own pace. What you do now, in your pre-retirement years, is… Read More

12 Financial Tips for Newlyweds

By Alison Pettine-Hecker | May 24, 2016

Getting married is a wonderful event, but it is guaranteed to present financial challenges, no matter how you approach it. Here are 12 things that I tell my soon-to-be-married clients to discuss, some of which I learned from my own experiences as a recent newlywed.