Annuities and Lifetime Income

Annuities help you grow your retirement income. It is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. You buy an annuity by making a lump-sum payment or series of payments. Similarly, in return, you receive either a single payment or as a […]

What Is an Estate Plan and How Can It Save Me Money?

Tags: Financial plan, Investment, Retirement Plan, Estate plan, Trust, Will The Meaning and Importance of an Estate Plan Category: financial planning, wills, trusts, estates What is the meaning of estate planning and why is it important?  Simply put, estate planning includes deciding who will inherit their various assets after they no longer walk this Earth. It is essential to plan […]

What Is Long-Term Care Insurance and How Does It Work?

You may already know someone who needs some help taking care of his or her self in the later stage of life, but the question is, “If this person doesn’t have enough or anything to pay for it, how are costs covered?” Medicare does not cover most long term care needs. For most people, they will […]