According to data from PricewaterhouseCoopers, many Americans are in the so-called “middle market” of retirees, with somewhere between $100,000 and $1 million saved for retirement. The data also reveals that roughly half of Americans aged 55 or older have less[…]
How Young Is Too Young for Life Insurance?
Traditionally, parents buy life insurance policies for themselves to provide for their children in their absence. However, there are times when parents may want to consider purchasing a life insurance policy for their child. Why. The most cited reason why[…]
Annuities: One Leg of a Three-Legged Stool
Financial planners often use a simple analogy to explain retirement income: a three-legged stool. The three legs symbolize Social Security, pensions, and personal savings. But where do annuities fit? On one hand, an annuity is a self-created pension plan. On[…]