Millennials under 25 concern for leaving their loved ones in a difficult financial situation if they were to die, with 38% saying they were “very” or “extremely” concerned. This infographic shows some other startling facts about their financial situation.
Starting out can often be hard: entering the workforce, getting married, buying a home, having a child. These are all first steps that can be as nerve-wracking as they are exciting. But it’s important not to forget a critical step during this time—putting a strong financial foundation in place with proper life insurance planning. Neglecting […]
Here is one way to eliminate those pesky capital gains on mutual funds. Purchase cash value life insurance. The earnings on the cash value of life insurance are tax deferred until you take the cash out, and if you take this as an income stream, the tax can be minimized or even eliminated. Many companies call this type of plan a Supplemental Life Insurance Retirement Plan. This takes some careful planning, but your agent or advisor can set one up and tailor it just for you.
Many middle-aged adults are finding themselves caught between supporting their dependent children while looking after their aging parents. This predicament places those in their 40s and 50s in a particularly difficult position from both a financial and emotional standpoint. So how can those in the Sandwich Generation survive without getting eaten alive? By planning.
People are living longer these day and may be afraid of outliving their money. Even those who are financially secure are worried. One solution is to work a few more years. The work might be full or part time, depending on the individual’s health and interests, but often overlooked in these situations is the need for life insurance beyond the “normal” retirement years.