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 than $100,000 in retirement savings, which is not enough for a traditional retirement. Some financial […]
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 you might want life insurance for your child is the payment of final expenses, such […]
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 the other hand, an annuity is created from personal savings. But it may be best […]
