Are You Comfortable With Your Retirement Savings?
Posted: July 5, 2013
Are You Comfortable With Your Retirement Savings? Do you know how much you need for retirement? If you've done the calculations, chances are you're more confident in your ability to meet your retirement savings goals than someone who hasn't. This comes from the Insured Retirement Institute (IRI), a not-for-profit organization considered to be the authoritative source on annuities. The IRI recently released statistics on retirement...
Don't Tempt Fate Waiting for the ACA to Cover You
Posted: July 3, 2013
Maximize Your Pension Using Life Insurance Life insurance is effective for more than the traditional use, which is to provide a cushion of liquidity for your loved ones when you're no longer around. Alternative life-insurance strategies can help achieve a number of goals, including replacing pension income. Consider the case of a couple who plan to live their retirement on one spouse's pension, not taking...
Some Universal Life Holders Face a Conundrum
Posted: June 4, 2013
Some Universal Life Holders Face a Conundrum Many holders of universal-life insurance bought their policies years ago, at a time when interest rates were high. Today, many of these policyholders will have to pay more or face cancellation, according to news reports. To understand why, you have to understand that we're talking about permanent life insurance. Unlike term life insurance, this insurance type doesn't limit...
How to Measure the Value of a Fixed Annuity
Posted: June 3, 2013
How Qualified and non-Qualified Annuities Differ You may have heard that annuities can be used in tax-qualified retirement plans, such as Individual Retirement Accounts (IRAs), 401(k) plans and 403(b) plans, but do you understand how these annuities work? Annuities used in these tax-qualified retirement plans are often referred to as qualified annuities. Alternatively, annuities that are not used in tax-qualified retirement plans are often referred...
April Personal Insurance News You Can Use: Craving an Out-of-This-World Vacation?
Posted: April 6, 2013
Insuring your home at replacement cost not market value is the key... Consumers are often frustrated by the amount of insurance their mortgage company requires them to carry on their home. Sometimes that amount is greater than the home's market value; often it's more than the amount remaining on the mortgage. But many insurers still insist your home be insured for at least 80% of...
