July 25, 2021 / by AGT ADMIN
A life insurance policy is a contract between an insurance company and the policyholder. In essence, the contract mandates that in exchange for an agreed-upon insurance premium, the insurance company makes a payout to the insured’s beneficiaries when they die....
July 23, 2021 / by AGT ADMIN
Have you ever wondered why your 401(k) plan's investment options include low-performing or pricey mutual funds? No need to wonder anymore. Revenue-sharing has been determined to be the culprit, according to researchers. A recently published paper states...
July 22, 2021 / by AGT ADMIN
Thrift Savings Plan account balances have helped many people hit the $1 million mark. In 2020 alone, almost 26,000 TSP account owners hit the $1 million mark, going from 49,620 to 75,420 TSP account owners with at least $1,000,000 account...
July 21, 2021 / by AGT ADMIN
Arizona, Michigan, and Texas are demonstrating how to build robust systems for government retirees. Since 2000, state and municipal debt has tripled, primarily due to unfunded public pension liabilities. State and local government pension systems are currently $1.5 trillion in...
July 20, 2021 / by AGT ADMIN
In the financial literature, there are a lot of rules of thumb. Who can argue with the adage "buy low, sell high" or "diversify your portfolio to reduce risk exposure"? According to author and retirement planner Dana Anspach, CFP®, RMA®,...
July 19, 2021 / by AGT ADMIN
Many Americans spend their lives working and fantasizing about the day they will be able to retire. However, planning for retirement involves more than just daydreaming; it necessitates being strategic and concentrating on saving money, among other things. A Gallup...
July 18, 2021 / by AGT ADMIN
With the increasing incidence of cost-cutting measures in jurisdictions, hybrid retirement packages have become increasingly popular. The National Institute on Retirement Society (NIRS) recently published a book to educate public workers on the types of hybrid retirement ...
July 17, 2021 / by AGT ADMIN
Life insurance means many things for most people. For some, it’s a source of income for their dependents to live on, cover outstanding debts, pay for their kid’s education or cover their burial costs upon their demise. A life insurance...
July 16, 2021 / by AGT ADMIN
Americans frequently find themselves with expenses they didn’t anticipate in their golden years, from dealing with unforeseen medical expenses to supporting adult kids. It’s also more challenging to save for retirement now than it was 50 years agostrongppstrongAc ...
July 15, 2021 / by AGT ADMIN
An annuity is a type of pension plan that allows you to receive a fixed income for the rest of your life in exchange for a lump-sum investment. The life insurance firm you choose to invest your money in invests...
July 14, 2021 / by AGT ADMIN
The coronavirus outbreak threw off many people's financial plans. Many seniors, for instance, who planned to work well into their sixties were forced to retire earlier due to health issues. In the meantime, millions of jobs were lost because of...
July 13, 2021 / by AGT ADMIN
The height of the COVID-19 pandemic caused all sorts of problems for Americans around the country – as well as seeing family members and close friends get ill with the virus, some were forced to take reduced hours at work...
July 12, 2021 / by AGT ADMIN
Are you planning to begin your Social Security benefits in 2021? It's important to think about the long-term consequences of your decision before taking action. As you can see, the way you file your claim can have a significant impact...
July 10, 2021 / by Rick Viader
Baking is a healthy metaphor for increasing your retirement savings. The money you set aside for your future is analogous to the raw ingredients in a cake. The securities (stocks, shares, mutual funds, and so on) in which you invest...
July 9, 2021 / by aaron Steele
In general, you can't contribute to an individual retirement account (IRA) if you don’t earn an income in a particular year. The spousal IRA, however, is an exemption. If one spouse is working and the other has earned zero income,...
July 8, 2021 / by AGT ADMIN
Though 401(k) plans make it simple to save for retirement by automatically deducting contributions from your salary, they aren't without flaws. In fact, some 401(k)s have high fees that eat into your earnings, while others have limited investment options that...
July 7, 2021 / by AGT ADMIN
U.S President Joe Biden has proposed a 2.7% pay raise for federal civilian employees. The proposal is to take effect with the 2022 budget, making the pay raise the president's most recent request for the 2022 budget. In April, the...
July 6, 2021 / by Brad Furges
As someone who frequently writes on retirement planning, I'm often asked if it's worthwhile to participate in a 401(k) plan if one is available. And, in most cases, the answer is a loud "yes." One of the best things about...
