Protecting Retirement Assets: An IRA Rollover Review Continued

In our last article in this blog series about IRA rollovers, we introduced earning power and what it means for one’s financial future. We also discussed some of the options available to employees who have employer-sponsored retirement plans but are transitioning to new jobs with new employers. When you have a retirement plan with a … Continue reading Protecting Retirement Assets: An IRA Rollover Review Continued

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Balancing Finances and Healthcare

Long-Term Care Services There are four main types of long-term care services: Assisted Living Facilities – For those who need assistance with day-to-day activities and personal care services. Nursing Homes – For residents who are in need of more intensive medical and physical services than assisted living provides. Continuing Care Retirement Communities – These communities … Continue reading Balancing Finances and Healthcare

Life Insurance – The Retirement Income Solution

In our last article, we discussed the three primary sources of retirement income for most workers. We also introduced the concept of “earning power”, and how our incomes are our most valuable financial asset. Within the range of retirement income options, we also discussed some of the problems facing those who may expect to rely … Continue reading Life Insurance – The Retirement Income Solution

The Role of Life Insurance in Retirement Planning

There are many options available to individuals who wish to set aside money for retirement. Each has its own share of benefits, such as tax deferrals or shelters, market growth, and rates of return. Employer-sponsored retirement pension programs, retirement accounts, and government benefits represent some of the most common retirement-planning instruments available to workers. Life … Continue reading The Role of Life Insurance in Retirement Planning

Protecting Retirement Assets: An IRA Rollover Review

Saving for retirement is one of those aspects that too many U.S. workers overlook. No matter how much one earns in a monthly or annual salary, none of that matters once retirement age is reached. On average, workers save far less for retirement than financial experts recommend, and this can lead to an unstable financial … Continue reading Protecting Retirement Assets: An IRA Rollover Review

Educational Savings Accounts Explained

  College costs can take a toll on a family’s financial earning power if steps are not taken beforehand to save for and fund this expensive endeavor.  With college costs ranging from $20,090 to $45,370 annually, finding the best sources of funding is important.   Educational Savings Accounts Basics There are several factors connected to … Continue reading Educational Savings Accounts Explained

A Guide to Saving for Retirement Healthcare

When planning and saving for retirement, one main concern for many potential retirees is how to pay for healthcare needs during retirement.  Some interesting facts pertaining to health care and retirement are: According to the 2015 U.S. Department of Health and Human Services’ publication, A Profile of Older Americans, in 2014, men who had reached … Continue reading A Guide to Saving for Retirement Healthcare

How to Protect Your Family Against Unexpected Change

When an unexpected death or disability occurs, a family may have many changes.  If a spouse dies suddenly, the total family income may be reduced drastically, leaving the surviving spouse with a reduced income and increased expenses.  During this uncertain time, life insurance can reduce the worry of increasing financial expenses, says Geoffrey J Thompson.  … Continue reading How to Protect Your Family Against Unexpected Change

Managing Your Finances: A Personal Financial Security Review

Throughout our lives, we depend on our incomes to take care of ourselves and our families. Wages earned from our jobs go toward paying household and transportation expenses, educational expenses for our children, our retirements, and lifestyle purchases like travel or other expenses that enrich our lives. We work hard for our money, so it … Continue reading Managing Your Finances: A Personal Financial Security Review

Financial Planning: Preparing for Disasters By Protecting Your Property

In part one of our preparing for disaster series, we discussed precautionary measures to protect your family in case of emergencies.  In the event of a life-threatening natural disaster or emergency, the health and wellbeing of you and your family are paramount. Establishing a disaster preparedness plan is an ideal way to get ready for … Continue reading Financial Planning: Preparing for Disasters By Protecting Your Property