Spring Travel for Seniors: Stay Local. Have a Blast.
Spring travel for seniors provides the opportunity to get out after the colder months and enjoy a quick, local vacation—maybe to a neighboring town or city. See how to give your spring getaway a new, fun twist. Plan your spring travel around hobbies and interests Do you have interests that [...]
Want to Convert Your Life Insurance to an Annuity? What You Need to Know.
If you want to convert your life insurance policy to an annuity—or are thinking about it—there are some key things to take into consideration. Imagine this scenario: Tom will retire in a few years. Decades ago, he opened a life insurance policy to provide security for his young family. His [...]
What’s the Full Retirement Age? Get the Facts. Know the Rules.
For decades, full retirement age was 65 years old. But receiving social security benefits has changed, including a higher retirement age and early-retirement options. Last month, we looked at working after retirement—what it means to collect benefits early, as well as the advantage of waiting a little longer. This month [...]
How Does a Fixed Annuity Work and What Are the Benefits?
Like general annuities, a fixed annuity provides guaranteed income for people heading into retirement. The annuity is also a contract—with variables. And that can make choosing the right one challenging. Take Jackson, for example. He’s in his early fifties. His mother passed away several months ago, leaving him an inheritance. [...]
What You Need to Know about Working after Retirement
These days, many seniors are working after retirement. They continue to work and collect social security benefits, often as a means of earning extra income or staying active and engaged in a working community. While continuing to work has benefits, there are earning limitations that may affect your social security [...]