To boost your retirement readiness, here are some general guidelines to help determine how much income is needed to meet your goals for the future and what opportunities can bring in additional funds after retirement.
When you retire, you probably expect the expenses in your golden years to be covered by your savings, investments, Social Security, and Medicare. But the transition may not be that simple. Here are a few expenses you may not expect in your golden years.
On the surface, life insurance may seem fairly simple and straightforward—it can provide financial support to your family and loved ones should you pass away. Permanent life insurance comes in many forms, with each product type having its own benefits.
No matter the life stage, some steps can be taken to improve financial security for retirement. Here are several ways to get started saving for retirement at any age.
As you plan for the future, here are several factors to consider that can help you decide what retirement timeline is the best for you and your spouse.
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.
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.
