Hoover & Associates Group Benefits, Insurance and Financial Planning

Insurance and Financial Services

At Hoover & Associates, the way we do business is as important as what we do.  Working as a team, Hoover and Associates offers complete insurance, financial, and employee benefit planning services.  We work together to serve our clients'  business and personal needs with focused solutions that emphasize convenience, practicality, and ingenuity.

As a fully independent financial firm we represent over 90 service providers.  We research the marketplace and customize our recommendations based on your individual needs and goals. Our team of experienced professionals are dedicated to providing the sound guidance, vision, and customer care that are required in every phase of planning for successful implementation and results.

 On our website, you'll find valuable information for evaluating your current position and progress toward your personal and business goals.  We offer educational articles that outline financial concepts and highlight products designed to fill the gaps in your financial strategy.  You will also find calculators that will help you assess your current and future needs.  Please remember to visit our website often, as our content is contantly changing. 

If you have any questions or would like to schedule a meeting to discuss your individual needs please call us at 248-298-4000 or email at rhoover@hooverassociates.com.  We would be happy to help and look forward to working with you.

Randy has qualified for The National Association of Health Underwriter's Lifetime Achievement Award.

 

 

 

 

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Calculators

Mortgage Refinancing

Determine whether you should consider refinancing your mortgage.

Estate Taxes

Use this calculator to estimate the federal estate taxes that could be due on your estate after you die.

Mortgage Acceleration

This calculator can help you determine how soon you can pay off your mortgage.

Disability Income Insurance

How much Disability Income Insurance do you need?

More Calculators →

Newsletters

Designating Retirement Plan Beneficiaries

IRAs and defined-contribution plans have become an important component of personal wealth for households. Designating account beneficiaries and keeping the designations current can be a complex — but important — process to perform on a regular basis as certain life events and tax situations can necessitate a change.

Keeping Pace with Social Security

In 2012, Social Security beneficiaries will receive a 3.6% cost of living increase for the first time in three years. But a recent study suggests that benefits are lagging far behind real expenses. This article explains how Social Security benefits are indexed and what older workers and retirees might expect from the program in the future.

Evaluating Life Insurance Needs

It's a good idea for people to evaluate their life insurance coverage to help ensure it keeps pace with their needs. Not only do major life events affect the amount of coverage that may be needed, but inflation can reduce the purchasing power of the death benefit and a greater benefit may be needed to cover estate taxes and other debts.

ETFs for the Conservative Investor

The number of exchange-traded funds has grown rapidly in the last decade. Total ETF assets exceeded $1 trillion in March 2011, an increase of more than $200 million over the previous year. This article explains the potential benefits of ETFs and why some of them might appeal to the risk-averse.

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