Our Blog

May 2017 Monthly Recap

The Oak Openings The Oak Openings is a globally distinct oak savanna ecosystem, located in Northwest Ohio.  Consisting of a mixture of sand dunes, wet prairies, and black and white oaks, it is home to many rare and endangered species. The Oak Openings Preserve is part of the Toledo Metroparks. Visitors have the opportunity to …

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What is an ERISA fiduciary?

The Employee Retirement Income Security Act (ERISA) was enacted in 1974 to protect employees who participate in retirement plans and certain other employee benefit plans. At the time, there were concerns that pension plan funds were being mismanaged, causing participants to lose benefits they had worked so hard to earn. ERISA protects the interests of …

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Are you ready to retire?

Five questions to ask yourself when deciding whether or not you are ready to retire. Is your nest egg adequate? It may be obvious, but the earlier you retire, the less time you’ll have to save, and the more years you’ll be living off your retirement savings. The average American can expect to live past …

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Tax Benefits of Home Ownership

Buying a home can be a major expenditure. Fortunately, federal tax benefits are available to make home ownership more affordable and less expensive. There may also be tax benefits under state law. Mortgage interest deduction One of the most important tax benefits of owning a home is that you may be able to deduct any …

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Is It Wise to Trade Your Pension for a Lump Sum?

Most private employers have already replaced traditional pensions, which promise lifetime income payments in retirement, with defined contribution plans such as 401(k)s. But 15% of private-sector workers and 75% of state and local government workers still participate in traditional pensions.1 Altogether, 35% of workers say they (and/or their spouse) have pension benefits with a current …

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