Understanding What Happens During a Recession: Effects and Strategies

Understanding What Happens During a Recession: Effects and Strategies

There’s no denying that recessions are harsh. They bring about business failures, job losses, and economic downturns. If you are close to retirement you have likely wondered if a recession is coming and exactly happens during a recession. This comprehensive guide will...
Why is insurance important in financial planning?

Why is insurance important in financial planning?

Key takeaways Like a good financial plan, insurance takes into account your goals and current financial situation and should evolve as your life changes. In addition to income replacement, life insurance, in particular, can help diversify your portfolio, protect...
Are Annuities Taxable? A Guide to How Annuities are Taxed

Are Annuities Taxable? A Guide to How Annuities are Taxed

Annuities offer powerful tax benefits to those planning for, or entering retirement. Unlike money market accounts, savings accounts, certificate of deposit (CDs), and most bonds, annuities carry the potential to create tax-deferred accumulation. For example, interest...
What Is Good About Fixed Indexed Annuities?

What Is Good About Fixed Indexed Annuities?

Fixed indexed annuities (FIAs) have grown in popularity over the years, primarily due to their unique combination of safety, growth potential, and guaranteed income streams. In this people-first guide, we’ll explore the benefits of fixed-indexed annuities, how they...
Many Older Americans Haven’t Saved Anything For Retirement

Many Older Americans Haven’t Saved Anything For Retirement

More than a quarter of Americans have no money saved for retirement. That’s according to a new survey from personal finance site Credit Karma, which found older respondents are even less prepared by some measures than their younger counterparts. Nearly one in five...
What Is the Ideal Retirement Age for Your Health?

What Is the Ideal Retirement Age for Your Health?

Average life expectancy has risen by 16 years since the national retirement age was set at 65. We asked health experts when they think people should stop working now. In 1881, the conservative German Chancellor Otto von Bismarck, plagued by a rise in socialist...