Just when we would like to be carefree again, the pandemic is weighing on our thoughts. Recently, 15% of people surveyed said they’re likely to purchase life insurance due to the impact of COVID-19.
Maybe this will be the reminder ma...
Annuities are a contract between an individual and an insurance company that provides a guaranteed income stream for a certain period of time, and sometimes even a lifetime. You pay into an annuity and the funds grow using various methods, which...
What You Need to Know
A recent survey from TIAA shows that nearly nine in 10 plan sponsors who do not offer in-plan guaranteed lifetime income annuities are at least somewhat interested in offering them.
Also, three in four plan sponsors are extr...
When you’re planning your retirement, consider your need for cash flow. If your cash flow isn’t right, the rest of your investment strategy will become unstable. You may need to sell off investments when you have to rather than...
Congratulations, you’ve reached your golden years! Or maybe they’re just on the horizon. Either way, the end of the working era marks a critical time to review finances and understand how to make sure your money is working best for you....
Nobody wants to spend hours shopping for something that gives a benefit only after their demise. But when it comes to buying life insurance, you should. Researchers found huge company-to-company differences for identical term life policies sold by ma...
A majority of consumers lack confidence that their life insurance coverage is enough for their beneficiaries, according to a new survey from the National Association of Insurance Commissioners (NAIC).
KEY TAKEAWAYS
Many consumer...
More people are going to retire in the next 15 years than have ever retired in the history of our country. By 2030, the Census Bureau projects we’ll reach the first time that the United States will have more 65-and-older adults than c...
Will you have to pay state taxes on your Social Security benefits? It depends on where you live and how much you earn.
The good news is, if you live in the majority of U.S. states you will not have to worry about what the local tax rules are or if y...
Buying life insurance may be less costly than you think, particularly if you follow some fairly simple steps to keep your premiums down. Research from LIMRA, a membership organization for life insurers, shows that despite record-high consum...