Retirement planning is figuring out how much money you will need to have saved up when you retire so that you can live comfortably. It involves estimating how long you will live and how much money you will need each year to cover your expenses.
Learn more about retirement planning from our financial advisors below.
Break down the types of insurance. It is essential to carefully consider your life insurance needs before selecting a policy. Life insurance can provide financial security for your loved ones in the event of your death and can be an essential part of your overall financial planning. There are several types of life insurance policies […]
Costs and the need for long-term care are rising. According to the US Department of Health and Human Services, by 2030, it is estimated that about 14.4 million Americans will require some form of long-term care service. The average cost of a nursing home stay can range from $7500 to $10,000 per month, while in-home […]
Whether an annuity is a good financial decision for an individual depends on their specific financial situation and goals. Annuities can be a good choice for some people, particularly those who are nearing retirement and looking for a steady source of income to cover their basic expenses. However, it’s essential to remember that annuities are […]
Fixed index annuities (FIAs) are a relative newcomer to the annuity world; the first was developed in 1995. Since that time, though, they have become a popular option for savvy long-term planners looking to ensure a steady income during retirement. Read on to learn the answers to common questions about FIAs. What Is a Fixed […]
The best time to start thinking about retirement income is YEARS before you actually retire! Maintaining a pre-retirement lifestyle in retirement is now the top concern of Americans participating in defined contribution plans, such as 401ks and IRAs. According to some surveys, nearly half of respondents are nervous about potential declines in their standard of […]
Are you searching for a way to increase your financial security and get ahead? If so, it’s time to look beyond simply earning more money – it’s also essential to focus on boosting your net worth. By understanding the basics of increasing your net worth and implementing a few steps, you can build a secure […]
Retirement is a time of life to look forward to, but understanding the associated tax obligations regarding retirement income can be intimidating. This blog will take you through the basics of retirement tax obligations, analyzing the different types of retirement income and potential strategies for reducing taxes owed. As always, consult your tax and retirement […]
Women live longer than men, so an annuity with a lifetime income might make good sense. It hasn’t even been that long ago that women could not vote in America. Not only that, there was a time when women were considered “property” of their husbands in many parts of the world that is still the […]
Shop around and compare quotes from multiple insurers. Different insurers may have different rates for the same coverage, so it’s important to compare quotes from multiple companies to find the best deal. Consider term life insurance. Term life insurance is generally less expensive than permanent life insurance, such as whole life or universal life. With […]
Confusing information about selecting life insurance is normal. The reality is that there is never one type of anything that fits every situation. For example, would you like to see your barber or hairdresser and have the same haircut as the man or woman before you? When in a restaurant, is there only one option […]
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