Technological and medical breakthroughs seem to be continually moving at a rapid pace today, when compared to 10 years ago. With all this new development, people are living healthier and longer. I recently saw a headline: “HIV -patients’ life expectancy rises” and read the article “How Long Do You Want to Live?” via: The New York Times – Sunday Review. Which re-enforces we are not only living longer but, also living longer and better with disease.
Many of us can expect to live to a ripe old age, what does this all mean for you personally in terms of retirement? Planning for this time of our lives has become increasingly important. The nest egg you may have stashed away for retirement years can fall short if it was not designed to last somewhere between (more…)
Who will receive your assets at the time of your death? We’re talking life insurance, annuities, retirement plan accounts and other assets. Did you know that contracts left to deceased individuals or ex-spouses is one of the most common beneficiary mistakes made? Another important note is beneficiary designations trump a will.
Reviewing the beneficiaries on your contracts is your assurance that many of your assets will be (more…)
Did you know that Annuity contracts can be traced all the way back to Roman times?Apparently during the Roman times they were know as annua, or “annual stipends” in Latin. Roman citizens could enter into this contract known as an annua, which would promise the individual a stream of payments for a fixed amount of time or possibly for life.
Annuities are gaining back their popularity these days with the Obama administration encouraging (more…)