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Retirement

Top Tips For Securing A Wealthier Retirement

Retirement can seem almost a lifetime away when you’re young and healthy, but it soon sneaks up on us. The topic of aging can be uncomfortable for many of us, but it’s important to be prepared – nobody else can ensure a safe retirement for us better than ourselves. It’s not just about researching the best retirement fund to pay into; it’s also important to be aware of other avenues, to ensure you have the safest and wealthiest retirement possible, and ensure you’re comfortable after all those years of hard work.

Plan ahead

Don’t just let retirement creep up on you – in general, we need to start planning for our retirement fund in our twenties. While it’s impossible to predict every major life event, it’s sensible to plan for the worst case scenario. Determine what you’ll want your retirement fund for, and why you’ll need it. Do you plan on traveling a lot once you finish in your employment, or perhaps buy a second holiday property? Do you need to prepare for health care expenses, or support family members? Or do you simply want to live comfortably day to day? This will give you some indication of how much you expect to spend in your retirement, and therefore how much to save on a month by month basis.

January 5, 2017

Retirement

Over 50 & Looking For Life Insurance?

If you are over 50, you may still count on many years of life. According to Public Health England, in a press release dated the 12^th of February 2016, life expectancy for those in their later years is now higher than it has ever been.

These days, in other words, 50 is no age at all. But as anyone of any age probably knows, it is never too early to start thinking about life insurance.

For the over 50s, however, there are certain benefits and advantages you may enjoy that are not available to those who are younger than you. Life insurance over 50, may carry an especially attractive appeal. These are some of the reasons why:

over 50s life insurance is a special form of whole life insurance – that is, it pays out an assured cash benefit whenever the beneficiary dies rather than only within the defined period of a term life insurance policy;

the assured cash benefit is return for the payment of monthly premiums for the remainder of the insured’s life – although many such policies waive the collection of premiums once the insured has reached the age of, say, 85 or 90 (depending on the insurer);

unlike some other forms of life insurance, acceptance is guaranteed, without the need for any kind of medical examination or questionnaire; and

the cost of the monthly premiums is likely to be fixed at the same rate for the duration of the policy.

August 5, 2016

Retirement

How To Outsmart Your Peers On Retirement

Everyone needs to save money for retirement, but some people are much better at it than others. Some people struggle financially and can’t save much at all. But other people just aren’t doing the right thing. They could have money to save and invest, but they’re not making the most of it. Or perhaps they are trying to save for retirement, but they’re not going about it in the right way. In fact, many people are approaching their retirement planning poorly. If you want to be smarter than those who are getting it wrong, there are several things you should be doing.

Start Early

One of the biggest mistakes that many people make is to start saving for retirement too late. The earlier you start, the more you can save and the more you can grow your money. If you’re able to start saving for retirement when you’re in your 20s, you’re already doing better than many other people. You don’t have to have a lot of money to put aside. Even a small amount is a useful contribution toward your retirement funds. Although your 20s and 30s are a time when you want to enjoy yourself, it pays to be sensible and think of the future too.

June 21, 2016

Retirement

Important Tips For Retirement Planning

Retirement is that time of your life when you may no longer have a regular source of income. It is the time when you have to live on the money you have accumulated throughout your professional life. So the earlier you start saving for your retirement, the more money you will have at the time of your retirement.

May 5, 2016

Retirement

Baby Boomers: The Emerging Majority

It seems but a short while ago that the baby boomers were called by other monikers, according in great part to our philosophical, social, and fashion sensibilities – hippies, mods, rockers, rednecks, heads, straights, among others. We were, as a group, restless, questioning, and in many cases, driven by a wanderlust our post-WWII, post-Great Depression parents could never comprehend. In spite of, or perhaps due to being such a diverse generation, we all seemed to share one trait. We were always in the minority.

Fast forward to 2015, and we, the eternally young, are getting old. We don’t think we look old, despite our rapidly colour-changing or vanishing hair, our daily deepening wrinkles, and our parents’ paunch, all of which we seem to have inherited within the last few months. We certainly don’t feel like we’re old, aside from our skeletal barometers that are more accurate in predicting changes in weather than any television meteorologist. It is just that things today are heavier or further away than they used to be. We’re still cool, even if it takes a few extra vitamins and blue pills to keep us that way, and our bean bag chairs have been replaced by recliners. Our music, of course, remains the pinnacle of the ages, surely more relevant than the racket being made by the X-ers, Y-ers, millennials, or whatever the kids of today call themselves.

November 26, 2015

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