A big part of planning for your retirement future is accounting for the “what-ifs.” No matter how careful anyone is, unexpected changes can occur: accidents, illness, and deaths. That’s where insurance comes in. Life insurance and the features it offers are definitely worth considering, and not only to provide for your loved ones after you’re […]
Financial Stability Read More »
Most of us think of life insurance as a way to help the people who depend on us financially, or even just to help pay the debts we may have left for our end-of-life care, funeral, or burial costs. What few of us tend to consider is the simple fact that it’s generally best to
Pre or Post-Retirement? Read More »
As the famous adage goes, “Nothing is certain except death and taxes.”However, while death may be a certainty, not all taxes are. The tax implications of your charitable contributions and what you leave to your heirs might not be a concern that you think about often. However, it may be important. What are some important
A Tax-Smart Way to Leave Money to Charities and Your Family Read More »
Two of the most frequently asked questions when considering life insurance: What financial benefits will be available to survivors after your death What will their needs be? These are the most common types of benefits: Social security and other retirement-related survivor benefits; life insurance; and other assets and resources. Having these funds isn’t enough though.
Two Frequently Asked Questions Read More »
A recent study found that “33 percent of people don’t think they would qualify for life insurance.” We hope you aren’t shying away from discussing the topic of life insurance because you think the same way! Purchasing this type of insurance is a big deal, but most likely necessary to make sure your family has
Recent changes within the stock market have been acting as a warning to certain Americans. Specifically, people who are too old to be investing the amount that they are in the stock market. Many of these people are, unfortunately, likely to dismiss that warning. See, surprisingly, the market actually rose during most of the pandemic.
Do You Have Too Much Money in Stocks? Read More »
Most people understand why you should have life insurance in your working years. People sometimes wonder, however, if you really need life insurance in retirement. People obtain life insurance in their working years, in many cases. They do this, firstly, to protect their household income. If one spouse dies, for example, the goal is to
Do You Really Need Life Insurance in Retirement? Read More »
Sometimes when we think of our later years in retirement, we forget to reflect on what savings we will need beyond the monthly costs of healthcare, rent, food, etc. at an independent living facility. We need to remember to consider the larger sum of money needed to “buy in” to long-term care. This week’s article
Independent Living Read More »
Lately, we have been asked about taxes and life insurance. Specifically whether or not beneficiaries of a life insurance policy have to pay income taxes on that money, or whether the estate has to pay taxes on it. The simple answer is, usually, no. However, there can be nuances involved. For example, taxes can depend
DO BENEFICIARIES PAY TAXES ON LIFE INSURANCE? Read More »
This week’s article reminds us that “Senior insurance needs are different. Time to drop the disability coverage and review your other plans.” The most obvious insurance retirees need to maintain is health insurance. While most seniors age 65 and older are eligible for Medicare, Medicare doesn’t cover 100% of medical costs.” Knowing this, it is
Insurance needs change when you retire Read More »
