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Grow your retirement income
Personal Finance

Grow your retirement income

Planning for income to be received after retirement is your responsibility, especially since the traditional employer-funded retirement plans and their popularity is fading. With a high-powered lifestyle and growing needs, Social Security benefits may not be enough to insure a comfortable life after retirement. Without a retirement plan, you could face a future that will be full of financial uncertainties and hardships.
4 ways a senior life insurance can help you and your family
Life Insurance

4 ways a senior life insurance can help you and your family

Due to increased life expectancy, it has become essential for seniors to get a life insurance plan. According to the Social Security Administration, the average lifespan of women and men is 87 and 84 respectively, which clearly demonstrates the need for prolonged financial protection. However, a life insurance not just safeguards a senior’s financial interests but also secures the future of their loved ones.
5 types of senior life insurance
Life Insurance

5 types of senior life insurance

Shopping for the right life insurance plans for seniors is important,  but   it  can be  a  daunting  process.  This is because, at the moment, there are many providers that offer worthwhile coverage policies. However, before settling on an insurance company, one should  first  figure out which type of senior life insurance is best for them and their loved ones.  It is important to understand  the common coverage plans before investing to make an informed decision.
Tax-friendly states for retirement
Personal Finance

Tax-friendly states for retirement

One cannot escape taxes even after one retires. But there are certain states that are more tax-friendly than others. And for the individuals who are going to retire and live on a fixed income, these tax-friendly states can be a better choice. So that they can comfortably spend their money as well as enjoy their golden retirement years in peace.
4 features AARP car insurance advantage plus package
AARP

4 features AARP car insurance advantage plus package

AARP car insurance is ideal for most car users as it has different plans that can provide benefits in multiple ways. The advantage plus package is one of the highest-rated of the different plans offered by the AARP. The basic AARP car insurance has a variety of benefits itself, but with the advantage plus package, you just add a new range of benefits to the existing ones.
Tips for choosing the best retirement plan
Personal Finance

Tips for choosing the best retirement plan

The 401(k), the IRA, the 403(b), the 457 Plan, the Solo 401(k), the Simple IRA, the SEP IRA everyone is familiar with or has heard of Uncle Sam’s shorthand for popular retirement plans offered to the working populace of the country. while plans can be broadly divided into Individual plans (Rollover, IRAs, myRAs, Spousal IRAs, Roth IRAs and the usual traditional IRAs), Defined/Employer-sponsored retirement plans (Thrift Savings Plans, 457(b)s, 403(b)s/TSAs, Roth 401(k)s and the usual 401(k)s), and the Self-employed retirement plans (Simple IRAs, Solo Roth IRAs/Solo 401(k)s, etc.).
Retirement planning mistakes to avoid
Personal Finance

Retirement planning mistakes to avoid

There’s more to retirement planning than just funding your 401(k) or IRA. One of the chief reasons why people engage a financial planner is to know if, and when, they can retire. Just the thought of retirement can cause anxiety and many feel overwhelmed and unprepared. Listed below are some retirement planning mistakes that one should avoid.
Few misconceptions cleared about 401(k) Retirement Plan
401K

Few misconceptions cleared about 401(k) Retirement Plan

Not all 401(k) plan participants are completely educated about their 401(k) plans and really do have a lot of misconceptions about it. So how much do you really know about your 401(k) plan? Let’s find out. The entire 401(k) account is mine when I quit the job : This is one of the biggest mistakes one could make in his/her 401(k) retirement planner.
An overview on retirement plans and annuities
Personal Finance

An overview on retirement plans and annuities

Retirement plans are mainly classified into two types on the basis of benefit calculation namely: Defined benefit plans This is a pension plan where a final amount is calculated based on a formula that involves the service of a person with an employer and paid to all retirees from a dedicated trust fund.
Retirement calculators for couples
Personal Finance

Retirement calculators for couples

Retirement planning becomes a little more complicated when you are a married couple as there will be double the financial considerations to be made and your values and priorities may diverge at a period of time in the future and all of these can affect your retirement plan. It is very important that you identify a retirement calculator that enables you to account for each of you as individual beings.
The Best 401(k) Retirement Plan Practices
401K

The Best 401(k) Retirement Plan Practices

A 401(k) retirement plan is one of the best tools for working people and employees of a company for creating a secure retirement fund. For employees, the advantages are pretty obvious earnings and contributions to the 401(k) are tax deferred and secondly, employers tend to provide matching contributions to the 401(k) account (ranging from 0-100% of employee contributions).
4 of the most popular states for retirement living
Personal Finance

4 of the most popular states for retirement living

Carefully choosing a location that can give you exactly the kind of relaxing environment you require post-retirement becomes an important factor. But before making any choice, you must keep in mind the factors such as overall cost of living, public health, culture, weather, and safety to make an informed decision.

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