Planning Your Estate: 6 Things To Remember

Last Will and Testament

Estate planning is a must for anyone who has a family or even a single loved ones who has to be looked after. One common misconception is that estate planning is only for those who are wealthy or have a large amount of assets to their name. Though not a pleasant topic, some basic estate planning is essential to ensure […]

Saving Money on Funeral Planning

Save Money on Funeral Costs

Funerals are important occasions which need to be approached with due care and attention. As a dignified event, intended to help mourners bid their final farewell to loved ones, there are many things to consider when planning a funeral. Burial or Cremation Perhaps the first thing you need to consider when arranging a funeral is […]

It’s Never Too Early to Begin Preparing for Retirement Financially

retirement

According to the United States Department of Labor, fewer than 50 percent of Americans know how much money they’ll need to survive retirement. Even though the average person will spend 20 years of his or her life in retirement, very few are currently planning for life after work. No matter how far away from retirement […]

The Truth About Annuities

"Money In Nest" by renjith krishnan

6 Annuities FAQs: Yesterday we talked about how useful annuities are for retirement planning. Today we are going to look at some common misconceptions about annuities. Fact or Fiction? — 1)  Many different investments offer a guaranteed income stream. — Fiction! Annuities are the only financial planning option that can guarantee a continuous stream of income throughout […]

Annuities for Retirement

Annuity for Retirement

Why You Need An Annuity 1) Annuities Provide Tax Savings An annuity has numerous advantages. The first advantage is tax deferral on interest and capital gains which allows the principal to compound tax free and  can save you a lot of money.  There is no IRS reporting requirement until you actually make a withdrawal from […]

The Pros and Cons of an Early Retirement

Early Retirement- The traditional age for retirement has always hovered around 65 then it began to drop toward 60. However, the latest trends suggest that this age may be getting pushed forward even more to around 70 to 75 years. There are reasons why people simply do not want to stop working after 60 and […]

Retirement Planning- Start Early

Retirement Planning

Retirement Planning- No one likes running out of money, least of all when they are retired from work and no longer are earning a salary. Although we do of course have social security which (we hope) will provide a basic income, this barely offers enough money to cover the basic, essential spending. Most people will […]

The Downside of Using a Financial Planner

financial planner

Financial Planning Insurance planning, risk management, Estate Planning  and retirement planning are all essential aspects of personal finance that you shouldn’t take lightly. You need to calculate how much you’ll need to retire and be sure that the amount you come up with will allow you to maintain your standard of living. Next, you must define your risk tolerance and put […]