Financial planning

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.

Be Prepared Before Starting Your Own Business

By John Caserta | May 1, 2018

There comes a point when many people wonder whether they should strike out on their own and start their own business. Approximately 14 percent of working-age people in the U.S. are entrepreneurs. But while the siren song of entrepreneurship may sound sweet to those laboring at the oars as wage-earning employees, careful planning is needed to ensure you don’t end up dashed upon the rocks.

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.

Why Personal Coverage Reviews are Important

By Claire Gallagher | February 20, 2018

Life insurance is not a “once and done” decision, as the needs and purposes behind life insurance changes over the course of a lifetime. That’s why personal coverage reviews are important. The “personal” in the phrase “personal coverage review” is intentional, as the process starts with a review of what has changed in your personal life.

What I Learned from Visiting a Financial Adviser

By Madison Hughes | January 30, 2018

As a professional rugby player my schedule is incredibly busy. I recently had the opportunity to sit down with a Penn Mutual Financial Adviser, and I am better off for having this experience.

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.

5 Reasons to Buy Life Insurance in Your 20s

By Penn Mutual | December 6, 2017

Buying life insurance in your 20s can yield some key benefits that you may lose out on by waiting to get covered. If you’ve been thinking about purchasing life insurance, but you’re not sure the time is right, here are five reasons not to put it off.

What Working with a Financial Adviser Did for Me

By Alexandra Swan | November 7, 2017

Five years ago, my 15-year marriage ended and suddenly I was thrust into single parenthood. Once the divorce dust settled, and bank accounts, retirement funds, and the profits from the sale of the joint home were distributed, I found myself thinking, “What now?”

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.

12 Tips to Help You Become Financially Fit

By Joseph Radovic | June 28, 2017

I was struck by how much of what I learned in my journey to complete an IRONMAN marathon could correlate to anyone striving to move ahead in their personal or business life. The parallels between physical health and financial health were striking. Here are 12 tips to help you become financially fit.