Retirement Challenges Millennials Can Avoid

Retirement Challenges Millennials Can Avoid

The good news is that millennials understand the necessity of life insurance and retirement options but did not know how to calculate the coverage amounts needed.

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What Financial Services Workers Need to Know About Benefits

What Financial Services Workers Need to Know About Benefits

When it comes to preparing for retirement, many financial services employees fare little or no better than their peers in other industries – even though on average, they make more than employees in most other industries, according to a new industry profile released by MetLife.

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The Most Important Things To Know Before Buying Life Insurance

The Most Important Things To Know Before Buying Life Insurance

A recent study revealed that more than 80% of consumers said they’d use the internet to purchase life insurance, but they also say that doesn’t mean they wish to avoid direct, personal interaction when it comes to answering questions and addressing other concerns. Most respondents to the LIMRA study said that while they will use the internet as a starting point to research materials and then begin to think about their options, they also want…

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Does Life Insurance Benefit Me While I’m Alive

Does Life Insurance Benefit Me While I’m Alive

The words “life insurance” mean “death benefits” to most people – a useful tool only after a policyholder has died. Many don’t realize the important benefits a life insurance policy can provide while the policyholder is still alive. “Cash values available through permanent life insurance can provide funding to supplement retirement income,” said State Farm Insurance spokesperson, Angie Rinock. “Cash values through permanent life policies grow at interest rates that are generally guaranteed by the insurer.” A policyholder can also take out…

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When Should I Withdraw from My IRA?

When Should I Withdraw from My IRA?

Consumers approaching retirement may be faced with various investment decisions.

Purchasing a life insurance policy is one option for those hoping to ensure their survivors’ financial security. Traditional and Roth IRAs may also be beneficial. However, rolling funds from a 401(k) to this kind of investment may be difficult for some, according to a recent report by the Wall Street Journal, with many employers hoping to hold onto their workers’ savings.

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How Many Retirement Accounts Should I Have?

How Many Retirement Accounts Should I Have?

Financial planning requires more than just diligently putting money away in a savings account and living a frugal lifestyle. Those who are serious about their financial well-being would be wise to invest their money in various retirement accounts and life insurance. Having a range of investments can help ensure financial security.

Data from Fidelity Investments shows that while some people are being smart with their finances and putting money away in 401(k) accounts, others are actually borrowing against them.

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How Can Annuities Protect Against Longevity Risk?

How Can Annuities Protect Against Longevity Risk?

Purchasing an annuity is one way to protect against longevity risk in your retirement.

This risk occurs when individuals approach the end of their savings long before the end of their life. Annuities and other risk-pooling options may help them accumulate nearly 50 percent more than they would on their own, according to the American Academy of Actuaries.

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How Much Do I Need to Save for Retirement?

How Much Do I Need to Save for Retirement?

Once upon a time, the majority of middle-income Americans who reached retirement age looked forward to maintaining their lifestyles with a combination of Social Security, company pensions, and their own hard-earned savings. Above all, most of those retirees were concerned about leaving an inheritance to the next generation.

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How Can Life Insurance Provide Income After I Retire?

How Can Life Insurance Provide Income After I Retire?

Most people are misinformed about life insurance and other financial products, according to a survey by Northwestern Mutual Life Insurance Company. Almost two out of three respondents failed a financial products knowledge quiz.

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Are Baby Boomers Ready for Retirement?

Are Baby Boomers Ready for Retirement?

More than one-third of Americans ages 45 to 70 fear they will run out of money during retirement, while almost half have no plans to protect themselves should they outlive their financial resources, according to a survey conducted by the Society of Actuaries.

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