Life insurance provides a death benefit to your beneficiaries if you pass away. It’s essential for anyone with dependents or financial obligations. There are two main types: Term Life, which covers you for a set period, and Whole Life, which includes a savings component. Life insurance ensures your family is protected against financial hardships, covering debts, daily living expenses, or future education costs.

Determining whether you’re saving enough depends on your desired retirement age, lifestyle, expected expenses, and other income sources (like Social Security or pensions). A common goal is to replace 70–80% of your pre-retirement income. Tools like retirement calculators or a session with a financial advisor can give you a clearer picture and help you stay on track.

The best time to start financial planning is now, regardless of age or income. Early planning helps you prepare for life events such as buying a home, funding education, or retiring comfortably. Starting early allows your investments to grow, provides time to adjust strategies, and reduces the financial burden later in life.

Not exactly. A 401(k) rollover refers to moving funds from a 401(k) — typically an employer-sponsored plan — into another qualified account, often an IRA. An IRA rollover, on the other hand, is a broader term that can include moving funds between two IRAs or from other retirement plans into an IRA. While both aim to preserve tax-deferred status, the specific rules and processes may vary depending on the account types involved.