Saving for retirement as soon as you start working will certainly help you to secure a more solid financial future. Usually larger companies make this easy for their workers by setting up a 401(k) or similar plan to help them effortlessly grow their retirement savings (and sometimes those employers will even match contributions up to a certain amount). However, according to … [Read more...] about If An Employer Does Not Offer A Retirement Plan, What is Another Way To Save?
Investments
Term vs. Whole Life Insurance
Term vs. Whole Life Insurance One of the tough truths about life is - you can't predict the future. If you were to die at a younger age unexpectedly, would you have any funds saved up to pay for your final expenses? What would happen to your dependents' finances if they were relying on your income? If you're looking for peace of mind for you and your loved ones, life … [Read more...] about Term vs. Whole Life Insurance
What Is An Annuity?
Between 401(k)s, IRAs, pensions, and all the different types of insurance - there are so many options for you to choose from when thinking about where to invest your retirement savings. Choosing an annuity may be another great option that can help you to continue to have steady income during your retirement. So what is an annuity, anyway? In this article, we'll break down … [Read more...] about What Is An Annuity?
How Long Will My Retirement Savings Last?
Are you worried that you'll outlive the money you've worked so hard to save? How long will your retirement savings last? The Social Security Administration says that the average man reaching age 65 today can expect to live until 84.3, while the average woman reaching age 65 can expect to live until 86.6. There are so many different variables to plan for when you know that … [Read more...] about How Long Will My Retirement Savings Last?