We were razor-thin close to the most sweeping, positive changes to retirement plan rules in 13 years,
but we’ll all just have to wait. (more…)
In my previous post about Single Premium Deferred Annuities (SPDAs), I summarized Becky’s challenge to find a financial product for her retirement money that was safe from the volatility of the market1, but with greater interest earning potential than banking and other fixed interest products. Her situation was ideal for a fixed indexed SPDA.
SPDAs serve a lot of needs and don’t get enough credit for it. One reason for the slight is that they just don’t cut through the noise of so many types of financial solutions and options. Faced with too much choice of anything, we all tend to tune out most of it, often at the risk of missing some very good ideas. (more…)
Becky has a problem, but it’s a good one to have. She has carefully managed to put away a
sizable sum in her checking account that will more than help her get through a financial
Sadly, a shocking 40% of Americans don’t have enough on‐hand cash to cover an unexpected
$400 expense, according the 2019 Federal Reserve Board Survey of Household Well‐being.
Knowing this, Becky is in good form ─ but her problem is that she’s getting next to nothing in
interest on her savings. (more…)
Did you know that many people rely on life insurance while they’re living in addition to the death benefit proceeds? About 91% of life insurance owners say they bought it to “cover burial and other final expenses,” according to the 2018 LIMRA Insurance Barometer. Yet, nearly half admit that they hope to turn to their policy’s cash value for retirement income or to pay current home expenses. (more…)