Why companies like cash balance plans

In 1985, there were 114,000 defined benefit plans in America. By 2011, that number had shrunk to 38,000. Since 1985, some businesses have elected to replace a traditional pension plan with an alternative: a cash balance plan.1 But what are they? And how might they work for your business? We here at Lighthouse Financial are […]

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Don’t let family wealth fade away

Many families have lost a lot of wealth. In the late 19th century, industrial tycoon Cornelius Vanderbilt amassed the equivalent of $100 billion in today’s dollars – but when 120 of his descendants met at a family gathering in 1973, there were no millionaires among them.1 Barbara Woolworth Hutton – daughter of the founder of […]

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Critical questions of estate planning

The way in which you leave your estate speaks with as much volume as what you leave. A wisely planned estate passes on values — not just assets. Our estate planning services aim to help people understand — and put into practice — this mission-critical distinction.  (more…)

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Making money work harder for retirement

When planning for retirement, people naturally think about the big things – arranging sufficient income, amassing enough savings, investing so that you don’t outlive your money, managing forms of risk. All of this is essential – and yet there are also relatively small financial adjustments people can make at mid-life that may pay off significantly […]

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Make retirement savings last

As you retire, there are variables you can’t control. Investment performance and fate are certainly toward the top of the list. However, your approach to withdrawing and preserving your retirement savings may give you more control over your financial life. Our retirement-planning services are designed to help people achieve the control they desire.  (more…)

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Live the retirement you’ve imagined

Financially, how might retirement differ from your expectations? To some degree, it will. Just as few weather forecasters can accurately predict a month’s worth of temperatures and storms, few retirees find their financial futures playing out as precisely as they assumed. That’s one of the chief reasons we’re passionate about helping people plan for retirement.  […]

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6 steps to get out of debt

Here at Lighthouse Financial, we’re asked all the time, “How do I get out of debt?” Below, you’ll find some ideas we’re passing along with hopes that you’ll let us work to help you try to lighten your financial burden. (more…)

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The dos and don’ts of debt management

Debt is a legally building agreement that, in the future, will require you to pay for what you’re using today. That is negative living — and it can strangle your life. Debt can hold you back from many great things in life.  (more…)

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Coping with college loans

Are student loans holding our economy back? Certainly America has recovered from the last recession, but this is an interesting question nonetheless. (more…)

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