Category Archives: Retirement Planning

20 Reasons Not to Jettison Your Life Insurance After 60

Most people think of life insurance only when they want to protect their family and provide a source of replacement income in the event of their death. They don’t think of it as a buffer to replace lost assets due to market volatility—for example, the market goes south and you die before you have the time to rebuild or replace the lost assets.

The New Retirement: 3 Things to Think About Now

If you think your retirement is going to look like your parents’ or grandparents’ retirement, think again. Here are three things you should be considering:

1. The Bank of Mom and Dad won’t always be open. There are two sides to this. If you’re currently supporting your adult children, you’re not alone. According to a BMO Wealth Institute study, 81% of parents say they have provided their adult children with some financial support. However, you’ll want to evaluate if that’s possible to sustain in the long-term. Ask yourself: Will helping my adult child (buy a house, afford a vacation, transition to a new job …) put my own financial future in jeopardy?

Gen Xers DIY Finances Are Turning Into a DIY Don’t

While some Gen Xers have become successful DIY investors, most have not. As the article points out: “They bring an attitude of ‘I’ll figure this out someday when I have time, and then I’ll make some smart decisions that will catch me up.'” But that just isn’t true. It’s time for this generation to start looking to financial experts for help.

Start planning your LIFE today Close