When you hear the word “roommates,” thoughts about the days of being young and single may come to mind. However, more and more people, especially women, are finding the housemate option to be an attractive choice as they ease into retirement, taking into account financial reality and the resilience needed to live alone. In a […]
The life insurance industry may soon be facing major changes to the way its agencies do business. Two states, Nevada and New York, have recently passed legislation that requires more people in the financial services industry to put their clients’ best interests ahead of what’s most profitable to them.
For some older Americans, the "golden years" of retirement aren't necessarily very happy times. In fact, the rate of seniors facing bankruptcy has surged five-fold since 1991, according to a new research study from the Consumer Bankruptcy Project. This spike exceeds the demographic shift for the aging population. The report analyzed data across states from […]
As a senior approaching retirement, you’ve probably been thinking about life away from work. You may envision a future filled with happy moments, spending more time with family and friends, or traveling or playing golf — and now is the time to develop a plan to help those dreams become reality.
One of the best ways to stay financially healthy throughout your senior years leading into retirement involves retirement planning. The planning process should include assembling a group of qualified professionals dedicated to you--people who understand your financial situation and your long-term goals. Here are some of the experts you may want to add to your […]
One of the most challenging aspects of retirement planning is figuring out the extent of the financial resources you’ll need in order to live comfortably in retirement. Many people draw up a plan based on life expectancy—estimating how many years they’ll live after they retire. Yet those calculations may be incorrect because people are living […]
You’ve always set aside money to prepare for unexpected emergencies and have saved for your golden years. But will your nest egg last through retirement? According to a Retirement Income Literacy Survey conducted by the American College of Financial Services, the short answer is “no.”
Like a loyal friend, your life insurance policy has always been there for you and your family. You’ve paid the premiums consistently for that “just in case” protection to manage life’s unexpected events and expenses. Your kids are grown and successful and the house is paid off. Should you continue carrying life insurance?
Throughout your career, you’ve worked hard to save money and provide for your family. Setting aside earnings for life’s unexpected events, including illness, business or financial mishaps, disasters and more, has always been part of your financial plan. You recognize the importance of savings, and your persistence has allowed that nest egg to grow steadily […]
It’s an undeniable truth. None of us will live forever, so what happens to your possessions — not to mention younger children — when you pass away? Creating a will— putting your wishes down on paper specifying who will get your property when you die, and/or confirming who will care for your minor children — […]
