There are many benefits associated with life insurance in the ever-changing world of personal finances, and investing in the right plan can be helpful in planning for your retirement. Life insurance can guarantee liquidity when you or your loved ones need it, making it the key differentiator that takes retirement plans from good to great! If you are the sole breadwinner in your family and have multiple dependents, or if you simply want a secure future for your spouse in case of an early death, your life insurance policy…

Retirement plans are not just the prerogative of individuals, but important for business owners as well as corporates to consider. Businesses may view retirement plans purely as a benefit that they can provide to their employees, but that is not the only factor in play. Providing retirement plans for employees offers a wide range of tangible and intangible benefits to businesses and corporate entities. These include being able to attract and retain quality employees, and at the same time reduce the tax burden your company faces. Additionally, it can…

The importance of retirement planning cannot be overstated, and it should be your foremost financial goal. According to statistics, over 90% of people will outlive their retirement savings, and you need to ensure you aren’t one of them. If done correctly, your retirement plan can provide you with financial security, comfort and independence in your golden years. On the flip side of the coin, though, making any of the common retirement income planning mistakes can lead to being dependent on adult children or relatives, and watching every penny. You have…

Most of the time, the knowledge that something can go wrong also plays a huge role in the financial planning process. There’s no shortage of threats to your finances, ranging from obvious ones like medical emergencies to completely unforeseen ones like a stock market crash.

Despite the existence of so many uncertainties and risks, a large section of the population does not have a financial plan, life insurance or any other form of protection at all!

So, What Should You Be Prepared Against?

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Retirement planning is seeing a paradigm shift in recent times, with states taking on the onus of ensuring that residents have a retirement fund in place. This is primarily because state exchequers face a huge drain on resources when workers with no savings reach retirement and keep needing services like Medicaid or food assistance.

How Can You Make the Most of the “New” Retirement Planning Paradigm?

Here are a few innovative options that you should consider, if you want to explore the benefits of…