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4 Ways to Save While Paying Off Student Loans
4 Ways to Save While Paying Off Student Loans You’ve walked across the stage, shook the university president’s hand, and waved to your beaming family and friends. All of those late nights in the library suddenly feel worth it, but you know with the student loans, the work of school is not quite yet complete. According to a report from
Learning to Thrive to Honor Our Parents’ Memory
Learning to Thrive to Honor Our Parents’ Memory I lost my father to lung cancer when I was 7 years old. Without his steady income and also without adequate life insurance covering his loss, my mother had to raise my brother, who was 10, my sister, who was 9, and me by herself solely on Social Security and disability income.
Annuity Shift
Annuity Shift This article originally appeared on ThinkAdvisor. National Retirement Planning Week took place in April, and the whole month was Financial Capability Month. April was full of encouragement for individuals to move their retirement savings plans forward. California’s insurance commissioner, Dave Jones, took part: He put out a widely circulated press release encouraging all Californians, and all Americans, to consider the role
The Risk of Being Uninsured (and the Hidden Bargain in Addressing It Now)
The Risk of Being Uninsured (and the Hidden Bargain in Addressing It Now) With all the expenses of everyday living, it’s tempting to think of insurance as just another cost. What’s harder to see is the potential cost of not buying insurance—or what’s known as “self-insuring”—and the hidden bargain of coverage. The Important vs. the Urgent We’ve all experienced it:
New Study: 1 in 3 Americans Confess Stopping Retirement Savings At Least Once
New Study: 1 in 3 Americans Confess Stopping Retirement Savings At Least Once While a whopping 94 percent of Americans currently give themselves a passing grade on retirement, a third of them have confessed to stopping retirement savings at least once, according to a new report from the Indexed Annuity Leadership Council.[1] In fact, 20 percent of Baby Boomers don’t
Is it time to rethink your retirement?
Is it time to rethink your retirement? Every day thousands of Baby Boomers enter their retirement years. They are, unfortunately, members of a generation who are largely unsure of their financial future. For the past seven years, Insured Retirement Institute (IRI) research has discovered that Baby Boomers’ confidence in their financial preparations for retirement is steadily dropping. Key findings
NAIC Tees Up on Annuity Suitability Models
NAIC Tees Up on Annuity Suitability Models By Jim Poolman This article originally was published on Think Advisor. The National Association of Insurance Commissioner recently gathered insurance commissioners, industry leaders, regulators and consumer representatives together for the NAIC Spring 2017 National Meeting in Denver. Among the attendees at the NAIC meetings was my group, the Indexed Annuity Leadership Council. IALC is a group for insurance
4 Things You Think You Know About Retirement
4 Things You Think You Know About Retirement Think you know everything about retirement? These 4 things might have you thinking again. How much you’ll need. 60% of Baby Boomers think they need less than $1 million in retirement [1]—yet, experts estimate that the average American needs at least a quarter of a million for health care costs alone. Your
Making the Most of Financial Capabilities Month
Making the Most of Financial Capabilities Month April is full of some of our favorite things: sunny skies, blooming flowers and celebrating the importance of financial literacy. This month, Americans nationwide are addressing their financial goals in recognition of Financial Capabilities Month. There’s no better time to establish smart spending habits, develop a retirement plan, and become more attune with
3 Questions to Ask When It Comes to Life Insurance
3 Questions to Ask When It Comes to Life Insurance Your life insurance needs will ebb and flow throughout your lifetime. Buying a term policy early in your career or taking a basic employer-issued life insurance policy is a common course of action. However, deciding how much and what type of life insurance you need at each stage of your