Is Life Insurance for Pensioners?

When it comes to life insurance there always seems to be a focus on newlyweds, young families and mortgages. However, the older generation can benefit as much from life insurance as the younger one. Taking Out Life Insurance Life insurance is sold to younger people to make sure that in the event of their death […]

Reasons People Aren’t Buying Annuities (And Why they Should)

Annuities are a way of investing your money so that you are guaranteed to receive a set income for the rest of your life. Many financial experts champion these financial products as a realistic portion of your retirement plan. However, many people who should be buying them aren’t opting to do so. Less than $200 billion of […]

Organizing For Your Retirement

After spending decades working day in and day out 30% of retirees consider Social Security to be their primary source of income. If you want to avoid that fate it’s important to begin planning as soon as possible. Believe it or not, planning for retirement on your first day of work is not too early to start.  The […]

Optimizing Your Pension Choices for Approaching Retirement

A recent Gallup poll determined that, 42% of low-income respondents will rely on Social Security and part-time work to help them through their “golden years”. Surviving on Social Security alone is difficult if not impossible but unfortunately many are relying on it. Overall, those nearing retirement age today, i.e.  50- to 59-year-old nonretirees still see Social […]

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

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 Year of the Roth

By Terry Coxon, Casey Research Until 2010 arrived, you couldn’t have a Roth IRA if your income exceeded certain limits. That restriction is gone. Now anyone with a traditional IRA can convert it to a Roth. But should you? Background Roth or traditional, the central advantage of an IRA is tax deferral. Earnings accumulate and […]