In an age where advancements in healthcare and lifestyle choices are increasing our life expectancies, the concept of longevity risk is becoming more prominent in our financial planning. Longevity risk refers to the potential for individuals to outlive their financial resources, leaving them in a precarious situation during their later years. Understanding this risk and […]
What is Longevity Risk and How Do I Protect Myself? Read More »
As a parent, securing your children’s future is of the utmost importance. One way to do this is by investing in an IUL policy. An Indexed Universal Life insurance policy (IUL) is a type of permanent life insurance that offers both death benefit protection and a savings component. The savings component earns interest based on
How to Use an IUL for Your Kids Read More »
When making plans for your retirement, there’s no doubt that you’re also looking into wealth protection. As such, you’ve probably encountered the term required minimum distributions (RMD) but you may not know what it means. Fortunately, we’ve placed all the vital details in this blog post — read on to find out more. What Is
What Are RMDs (Required Minimum Distributions) and How Do They Work? Read More »
If you’ve been thinking about your retirement goals, chances are that you’ve encountered the term “index annuity.” You may have heard that there are various crediting methods that revolve around them. However, these lead to more questions than answers, and confusion can set in quickly if you don’t know where to look. In this blog
Index Annuity Crediting Methods: What Are They? Read More »
When looking into creating a retirement budget, you may have come across the term guaranteed minimum income benefit (GMIB). Some annuity providers offer this optional insurance rider to guarantee a lifetime income. These providers often present the benefits of purchasing the rider without detailing how it works. As such, it’s important to understand GMIBs before
What Is a Guaranteed Minimum Income Benefit (GMIB)? Read More »
Everyone dreams of a comfortable retirement. Unfortunately for many, poor planning leads to insufficient retirement savings. According to the Congressional Research Service, in terms of the cash amounts used to define poverty status in 2021, 10.3 percent of the elderly population had incomes that were below the poverty standards. The overall number of elderly people
How to Create a Retirement Budget Read More »
In its most basic sense, retirement planning is about playing the “bidding time” game. You sequentially put money into your investment, wait for it to grow with time and interest, retire, and start withdrawing the money you kept for countless years. Sounds easy, right? In a perfect world, an investment could look as simple as
What Is the Sequence of Return Risk? Read More »
Every working adult intends to have a retirement plan that will serve their needs once they retire and cannot work anymore. As the years go by, the reality of not going to work becomes real, and one seriously seeks an annuity that would serve them in retirement. A smooth retirement with a steady flow of
Straight Life Annuity Read More »
The financial burden of a college education is a source of stress for many families. According to CollegeData.com, tertiary education in private institutions would cost approximately $39,400 for the upcoming school year. This rough estimation doesn’t include other supplemental expenses an average college student would incur. With tuition and other expenses increasing each year, finding
How To Fund College Education Through an Indexed Universal Life Policy Read More »
Retirement planning is an extensive yet necessary step to take before leaving your working years. Many people are discouraged from planning their retirement because of the vast options they can choose from. With a lot to learn about retirement planning, it’s crucial to start at the most basic, which is annuities. Under annuities, you can
What Is an Ordinary Annuity? Everything You Need To Know Read More »
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