Retirement can often come with uncertainty — will my savings last? How long will I live? Will I have unexpected health care expenses? Then you add in market volatility and inflation, and it’s hard not to worry about the retirement savings you worked so hard to build over the years.
Putting away money for retirement is a good idea at every stage of life, whether your career is just getting off the ground or you have celebrated many years in your profession. The sooner you create a savings plan and implement a savings plan, the better off you’ll be when retirement does arrive, so there is no time like the present to get started.
When you retire, you have a lot to look forward to, from traveling, pursuing your favorite hobbies, and spending time with your family. While looking toward the future, it’s important to remember what you may need to do before you enjoy your golden years.
Retirement income planning is more critical than ever to help ensure you have what you need to meet your financial needs in the future. A fixed index annuity is one solution that can create guaranteed lifetime income that you can count on throughout your retirement.
With only one in five women feeling financially healthy versus 29% of men, it’s time more women felt financially empowered. Here are five steps to improve your financial health and better prepare for your future.
Buying the right life insurance coverage with your future retirement in mind can make it easier for your family to handle finances when you die. It can also help protect your money, manage your taxes and give you the opportunity to grow cash value which you can use for a variety of needs and activities.
Summertime brings warm, sunny days where you’re likely spending time outdoors. While soaking up a little vitamin D can be beneficial, it’s essential to prioritize your skin health and protect yourself from too much sun. UV Safety Awareness Month occurs every July and reminds us to protect our skin and eyes from excessive exposure to UV rays.
If you’re like many people in their working years, you may regularly contribute to your retirement accounts to build your savings for the future. An important thing to remember is that once you reach a certain age, you will be required to start taking withdrawals (also known as required minimum distributions, or RMDs) from certain accounts and pay income taxes.
Millennials are the largest adult generation in this country, and by 2029, they will outnumber all other age groups in the workforce, according to the U.S. Bureau of Labor of Statistics. Many people in this life stage have a well-underway career and may be busy balancing work life with personal and family responsibilities.
Creating a financial plan that provides the income you can count on in retirement is becoming increasingly important. Including an annuity as part of your overall financial strategy can help you grow and protect your retirement savings while providing income for the future. Here’s a breakdown of the different types of annuities and determine which one may be right for you.
Once you submit a life insurance application, the insurance company will begin underwriting. To determine if you’re eligible for coverage, your risk profile, and your premium amount, underwriters will look at various factors, including age, gender, lifestyle, and health history. To help make applying for coverage smoother and less stressful, it can be helpful to understand what’s involved and the common misconceptions that surround this procedure.
