As you mature and age, your health needs change, as do your preventative care requirements. By staying on top of your game and getting the necessary checkups, you can prevent certain conditions from worsen or even developing while saving on life insurance premiums.Read More
Organizations can offer these plans that are also tax deferred and tax sheltered which means the account grows tax free.Read More
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…Read More
Consumers with young children or large mortgage loans are often advised to invest in life insurance policies. This way, their death won’t necessarily leave survivors in a financial bind.Read More
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.Read More
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.Read More
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.Read More
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.Read More
Universal life insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings component of the policy.Read More
Studies have shown that half of the people aged 65 to 74 are still making a mortgage payment and carry credit card debt.Read More