How Younger Generations Are Getting Retirement Ready
Gone are the days when retirement planning was a distant concern reserved for middle age. Younger generations are increasingly taking proactive steps to become retirement-ready. Millennials and Generation Z face a multitude of challenges when it comes to retirement: They have limited access to pensions and...
How Car Loans Can Impact Americans’ Retirement Goals
Car loans have become a staple in the American financial landscape. With the allure of new vehicles and easy financing options, many consumers taking on significant debt to drive their dream cars. However, this convenience comes with a hidden cost that could impact their retirement goals,...
Why Women Trail Behind in Retirement Savings
Saving for retirement is important for financial stability in the future. However, there is a big difference between how much men and women save for retirement savings. A survey found that nearly 70 percent of people think men save more money than women. Understanding the reasons...
How Life Insurance Can Improve Financial Wellness
Life insurance is traditionally seen as a means to provide financial protection for loved ones in the event of an untimely death. However, it can also play a significant role in enhancing your financial wellness. By integrating Permanent Life Insurance (PLI) and Deferred Income Annuities (DIA)...
How to Maximize Retirement Income
Many individuals want to maximize their retirement income and enjoy a secure and comfortable retirement. Financial literacy is crucial in achieving this goal, allowing individuals to make informed decisions about their savings and investments. A recent study highlighted a common regret among retirees. On average,...
Achieving Financial Wellness with an Investment Counselor
Statistics show that financial uncertainty is on the rise. Two-thirds of Americans believe their financial planning needs improvement. Americans say having a financial advisor boosts confidence; however, according to a 2023 Planning & Progress Study, only 37 percent work with one. Financial wellness has become more...
The Economic Impact of an Aging World
During the week of June 10, 2024, French markets were rocked by a government bond sell-off after a strong showing by the far-right National Rally party in the European Union election. With polls suggesting the party might win a plurality of seats in the upcoming...
What to Know About the New Retirement Security Rule
The Department of Labor (DOL) recently announced a new Retirement Security Rule that will take effect on September 23, 2024. The rule aims to “safeguard the millions of American workers saving for retirement diligently and relying on advice from fiduciaries on how to invest their hard-earned...
Retirement Anxiety More Pronounced Among Millennials and Gen X
Retirement anxiety is a shared experience across generations, but it’s particularly pronounced among Millennials and Gen Xers. You're not alone if you’re feeling cynical about attaining financial security in retirement. Why Millennials and Gen X are so concerned about Retirement According to the 2024 Annual Retirement Study...
Enhancing Pension Plans: Strategies for America’s Retirement Crisis
As the landscape of retirement planning continues to evolve, it's becoming increasingly evident that many Americans are facing significant challenges in preparing for their golden years, particularly with the decline in traditional pension plans. With the shift away from traditional pension plans towards individual retirement accounts...