While most people like to think the odds of becoming disabled are pretty slim, the U.S. Social Security Administration (S.S.A. fact sheet here) found that a 20-year-old worker has a one-in-four chance of becoming disabled before he or she reaches retirement age. Given this statistic—and the potential impact a long-term disability could have—working adults need…
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Financial Planning for Women Architects
All architects share the need for proper financial and retirement saving planning. For women architects, creating a sound financial and retirement plan is even more essential since issues like increased life expectancy, unforeseen changes in family structure, caring for aging parents, and the likelihood of outliving your spouse all present significant challenges for many female…
Read MoreCall LegaLine
Small firms and sole proprietors with many questions but limited resources often wish for a convenient and cost-effective way to get the risk management assistance that they need to make important decisions. LegaLine is an AIA Trust member benefit service, formerly known as Practice Coach, that offers members access to qualified professionals who can help…
Read MoreNavigating Risk in Digital Practice
Two AIA Trust reports about digital practice risks have recently been updated. The 2021 Guide to Cyber Liability Coverage by independent insurance expert, Insurance Buyers’ Council, Inc., will help you understand what you need to know about cyber liability coverage for your firm. The 2021 update of BIM Me Up, Scotty–Navigating Risk in Digital Practice,…
Read MoreHow Do You Plan to Retire?
As an architect, you know that starting with a comprehensive plan and building a good foundation is essential for success. You would never begin a project without a blueprint and process in place–but that’s exactly what many architects do when it comes to retirement planning. Many architects don’t know where to begin their retirement planning.…
Read MoreFive Financial Tips for Single Parents
There are few experiences in life that are as traumatic as losing a spouse. When life is upended through a divorce or the passing of your partner, it can be highly emotional—and it also presents serious financial challenges. Seeking financial help for single parents is a first step in this new phase of life. As…
Read MoreSaving for Retirement and College
You want to retire comfortably when the time comes. You also want to help your child go to college. How do you juggle the two? Saving for your retirement and your child’s education at the same time can be a challenge–but you may be able to reach both goals if you make some smart choices…
Read MoreNew Health Plan Options for AIA Members
The AIA Trust has just formed a unique partnership with Pendella: a 50-state virtual insurance agency designed to support business owners and their employees with all their individual and employee benefits needs–including health insurance. With over 50 years of combined experience in insurance, human resources, and benefits administration technology, the Pendella team, complete with licensed…
Read MoreArchitecture Firm Ownership Transitions
By Ed Hord, FAIA, 2014 Chair, AIA Trust & Ann Casso, Hon. AIA, Executive Director, AIA Trust The slowly improving economy has led to an increasing pace of mergers and acquisitions among architecture firms. In addition, ‘baby boomer’ firm owners now considering retirement also fuel various ownership transitions. Privately owned architecture firms in today’s consolidating,…
Read MoreNew Policy Expands Definition of Insured
For more than 60 years, the Victor and CNA professional liability program has maintained a solid and stable base policy while introducing innovative expansions of coverage. Just as the design and construction industry has evolved, so has their policy. The CNA policy has now expanded the definition of the term insured in a significant way…
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