Retirement

what is longevity risk

What is Longevity Risk and How Do I Protect Myself?

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 […]

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how to create a retirement budget

How to Create a Retirement Budget

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

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how annuity helps fund retirement

4 Signs an Annuity Can Help Fund Your Retirement

If you’re starting to plan for your retirement, chances are you’ve probably thought about purchasing an annuity. More and more people are looking to annuities as pension plans are no longer viable sources in most places of work. Annuities can be used with your social security and any other retirement savings you have. It’s a

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