What Does Being “Vested” In Your 401(k) Mean?

Posted: November 28, 2019

As defined by the IRS, vesting in a retirement plan means ownership. Each employee vests a certain percentage of their account in the 401(k) plan every year. An employee who becomes 100% vested in his or her 401(k) account balance owns 100% of the balance. When this occurs, the employer cannot take it back (forfeit) for any reason. Amounts that are not vested in a...

How Does Insurance Cover Parking Lot Accidents?

Posted: November 26, 2019

Parking lots can be crazy places. Whether you’re at the mall, the grocery store, or even just grabbing a quick coffee… all those cars coming and going can up anyone’s chances of being in a parking lot accident. Which may lead you wonder: How does insurance cover parking lot accidents? Let’s walk through a few common scenarios. WHAT HAPPENS IF I HIT SOMEONE ELSE’S CAR IN A PARKING...

How To Shop Safely Online This Holiday Season

Posted: November 26, 2019

You’ve got your comfy pants and your credit card – now, it’s time to knock out your holiday shopping. There’s no doubt online shopping is convenient… but it does come with a fair share of risk, too. Identity theft can happen just as quickly as you can click, “Add to cart.” Fortunately, there are ways to reduce your risk. Follow these expert tips to shop...

Staying Healthy During The Holidays

Posted: November 25, 2019

Many Americans put on weight over the holiday season from Thanksgiving through New Year’s Day. This is also a time when people are more likely to come down with a cold or the flu or to suffer from a hangover from all the holiday parties. The following are some tips to help you stay healthier during the holidays. Don’t Overeat Try to steer clear of...

What Happens To My Mortgage Protection Insurance If I Sell My House?

Posted: November 22, 2019

When you purchase a home, you are likely to get offers for mortgage protection insurance, a type of life insurance that will pay off your mortgage in case you die or become disabled. This provides protection for your family if you are no longer there or no longer able to work to pay the mortgage. If you die, with some policies, the proceeds go directly...