It has been well documented that the biggest fear people have in retirement is running out of money. Incredibly, according to a 2024 survey done by Allianz Life, 63 percent of Americans are more fearful about running out of money than they are about dying. But is it possible to overdo it?
Sometimes people get confused by all the jargon used in the financial services industry. It’s difficult to understand what you’re buying—or what you already have—if you don’t understand the language being used. Here is a quick listing of ten terms, commonly used in the life insurance industry, that you might not fully understand.
Financial trends come and go, but the latest, “SKI,” or Spending Kids’ Inheritance, is likely to have a lasting impact. Are you prepared? There are some ways to learn how to “SKI” without getting hurt.
Why would you ever choose NOT to accept an inheritance? There are a few good reasons. And it’s doable if you decide that’s what you want.
Being named as an estate executor is often considered an honor, and you will be compensated for your efforts. But is it worth all the potential trouble?