You’ve done the responsible thing. You’ve filled out the paperwork for your life insurance, your 401(k), and your IRA, carefully naming the people you want to receive these assets when you’re gone. You file the documents away, confident that your wishes are set in stone. But a beneficiary designation is not always a permanent declaration. […]
6 Ways Beneficiaries Are Being Reassigned Without Your Consent Read More »
As you approach your mid-fifties, you might be looking forward to some of the financial perks of getting older, like senior discounts and catch-up contributions to your retirement accounts. But this decade is also a time when some valuable financial and insurance benefits begin to change, diminish, or vanish entirely. Many of these shifts happen
8 Benefits That Magically Disappear Once You Turn 55 Read More »
Naming a primary beneficiary for your life insurance, retirement accounts, and other assets is a fundamental step in financial planning. This is the person you trust implicitly to receive your assets and carry out your wishes. For years, you might have felt secure, believing this designation was set in stone and would work exactly as
10 Reasons You Can No Longer Rely on Your Primary Beneficiary Read More »
Life insurance is a vital component of financial planning, offering peace of mind and protection for your loved ones. However, in recent years, rates have been climbing in certain areas, leaving many policyholders wondering what’s behind the increases. Understanding where and why these hikes are occurring can help you make informed decisions. Let’s dive into
6 Areas Where Life Insurance Rates Are Rising Fast Read More »
1. Renting is A Waste of Time While home ownership is the American dream, renting often gets a bad rap. However, the reality check is in—renting can offer financial flexibility, lower utility bills, and a landlord’s responsibility for repairs. With mortgage rates above 6.5%, the so-called “American dream” is unattainable for many and renting is
Beyond Budgeting: 14 Overrated Financial Strategies That Need a Reality Check Read More »
Big data and the increased power of computing have transformed personal finance. For example, companies such as Uber and Airbnb have changed how taxis operate and how you rent your house. This radical change is also found in the insurance industry as well. Life insurance markets have historically been characterized by a wide variety of
