If you are in a financial bind and need cash quick, or need extra cash for a large expense, you may be overlooking your life insurance policy as a potential solution. There are several ways to get cash from your life insurance policy, but there are some things you should know before you think about […]
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Many people end up needing professional help with their daily living activities when they get older. Long term care insurance policies can cover the cost of care if you become unable to care for yourself due to old age, illness, or injury. There are a lot of myths and misconceptions floating around about long term
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It’s not uncommon for people to experience circumstances under which they feel the need to withdraw from their retirement accounts before reaching their retirement age. Early withdrawal from an IRA or 401(k) account typically results in hefty penalties, which makes this a less than ideal option. Generally, if you take a distribution from a qualified
Can I Make an Early Withdraw From My IRA or 401(k) Without Incurring a Penalty? Read More »
Many retirees and people approaching retirement wonder what to do with the funds in their qualified retirement accounts. One option to consider is using part of those funds to purchase an annuity. Unlike most funds held within a qualified retirement plan, an annuity can turn a lump sum of money into a guaranteed income that
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It’s a tough idea to think about, but it’s likely that you’ll need some assistance with your daily living activities in your later years. The cost of care, whether it be in-home, assisted living, or nursing home care, continues to increase and many retirees aren’t sure how they would be able to afford it if
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Annuities are a financial tool that can be used to create reliable income to supplement Social Security during retirement. When you buy an annuity from an insurance company, you will in return receive monthly payouts, starting now or at a specified point in the future. There are different types and many specific variations when it
How Do Annuity Payout Options Differ? Read More »
Life insurance is something that very few people -if anyone- can get excited about. Nobody wants to think about how their family will be affected by their death. The thought of choosing and paying for another complex insurance policy doesn’t sound appealing either, especially to the young and healthy. The truth is, life insurance has
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One of the biggest mistakes you can make when it comes to retirement is waiting too long to come up with a plan. Many people don’t start thinking about retirement until it’s quickly approaching, and it can be difficult to reach savings goals with short-term investing strategies. For many young professionals in their 20’s, possibly
How Can Young Professionals Start Planning For Retirement? Read More »
Annuities have many benefits for retirees, the most important being that they are capable of providing a reliable source of outcome that can’t be outlived. When considering whether or not to purchase an annuity, many are concerned with what will happen to their annuity when they die. They want to ensure that the wealth they’ve
What Happens to an Annuity when the Owner Dies? Read More »
There are many unknowns in retirement. How long will your money last? How will you pay for unexpected medical and long-term care costs should the need arise? Many people who are approaching retirement or who have recently retired have some confusion, and possibly a bit of fear, about these and other questions. At Absolute Retirement
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