How to Save For Retirement When You’re Raising Kids Alone
It can be hard to save when you’re the only adult in the house, but putting money aside for retirement should be non-negotiable.
Whether you are divorced, widowed or a single parent by choice, raising kids alone can be financially challenging. There is typically no second income to rely on, and tax breaks for singles can be less [...]
3 WAYS TO BRIDGE THE GENDER SAVINGS GAP
This post originally appeared on the National Life Group Main Street blog on 3/9. By Maria McLendon.
When it comes to savings, the gender savings gap is huge. A recent study indicated that women have 50% lower savings than their male counterparts. There are a number of reasons that this disparity exists, among these are that, on average, women earn [...]
DON’T TAKE THE JOURNEY THROUGH RETIREMENT SAVINGS ALONE
We live in a high-tech world where information about all topics under the sun is available at our fingertips. We are moving toward self-service and automatic access to everything. You can look at your checking account balance on your phone; you can make dinner reservations with a couple of clicks, and you can confirm a dentist appointment [...]
Fixed Indexed Annuities: Principal Protection and Growth Potential
Whether aiming for asset growth or protection, clients today face tough decisions when it comes to investing their retirement assets. They may be concerned about tying up money in a low-rate fixed account and missing the boat if rates increase. And with the unpredictable stock market, clients may see securities and variable [...]
CELEBRATING THE 22ND ANNIVERSARY OF FIXED INDEXED ANNUITIES
Move aside, Valentine’s Day… there’s another reason to celebrate! This week, we’re commemorating the 22ndanniversary of Fixed Indexed Annuities (FIAs). While we can’t guarantee flowers or heart-eyed emojis, this anniversary marks the continuous advancement of a retirement product that can offer guaranteed lifetime income. Fixed[...]
FALL IN LOVE WITH YOUR RETIREMENT SAVINGS PLAN
Finding your soulmate and saving for retirement actually have a lot in common. Both can be intimidating, require careful planning and lead to some nerve-wracking decisions. However, making informed steps in both scenarios can leave you feeling happy and secure.
Fall in love with your retirement savings plan with these helpful tips:
ALL YOU [...]
10 Common Spending Regrets
Wasted money on a purchase? Here's a look at items people buy and wish they didn't
1) The time-share industry, known for its seductive marketing practices, plays on people's fantasies of owning property in popular vacation areas and being able to travel the world by simply swapping time-shares. In reality, many time-share owners find that ever-increasing [...]
Why Retirees Should Consider Indexed Annuities
Given their inverse relationship, when bond interest rates begin to climb, bond prices decrease in market value—as they have been for the last year especially. When approaching retirement, what strategies are retirees left with to ensure long-term financial success?
Planning for the future, and retirement [...]
20 Things You Can Learn From Your Parents’ Retirement
Millennials are saving more than ever for retirement, at an average 7.5 percent of income. Still, this number, which was released as part of a recent report on retirement readiness from investment firm Fidelity, is far from the firm’s recommended benchmark of 15 percent per year.
For today’s young workers, planning for retirement [...]
New Study: America's Retirement IQ is Low
Boomers Lack Knowledge & Are Undersaved for Retirement
A startling number of baby boomers don’t know how much money they need to live comfortably during retirement, and without a target in mind, have ended up saving very little. In fact, 1 in 4 baby boomers have less than $5k saved for retirement.
But the good news for boomers struggling to [...]
BRINGING BALANCE TO YOUR RETIREMENT PORTFOLIO
In our hectic lives, balance is something many of us strive to achieve. From work-life balance to finding balance in your yoga class, we’re all looking for a little more of it.
In terms of planning for the future, have you thought about ways to balance your retirement portfolio? These 3 practical tips will make sure you’re not putting all your [...]
Offer FIAs to take advantage of retirement income opportunities
Gen X designate more than $25 trillion in financial assets for retirement income. This is roughly double the amount today.
Jafor Iqbal, assistant vice president of the Secure Retirement Institute and author of “The Retirement Income Reference Book 2015,” identifies three significant opportunities in the retirement [...]
RETIREMENT SAVINGS RESOLUTIONS FOR THE NEW YEAR
While getting your health into shape tops many Americans’ New Year’s resolution list, getting your finances in shape should be another goal you make in the New Year. Why is this so important? A recent study showed that nearly 40 percent of Americans don’t have any retirement savings. That’s a big deal. This year, consider [...]
11 Money Lies to Stop Telling Yourself
Nope, credit cards aren't evil.
Sometimes it’s easier to believe a fantasy than it is to face reality — and when it comes to money, many people hold false beliefs. When you’re young, the future seems far away, and you might think there’s time to make up for your financial mistakes later. Unfortunately, whether you’re putting off [...]
Social Security beneficiaries will receive a slight increase in their Social Security checks in 2017. There have also been several recent tweaks to the program that change how married couples can collect benefits. Here’s a look at the new Social Security rules for 2017:
A modest increase in payments. Social Security payments will increase by 0.3 percent beginning in January 2017. [...]
The run up to the holidays at the end of the month is an especially great time to teach young children some money and life lessons.
Have The Kids Clean Their Closets, Rooms, and Playrooms. The goal is to create a single pile of all the toys, books and clothes that are no longer used or wanted. As a family take a look at the pile and separate the stuff that was used a lot-but has outgrown its [...]
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