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Category: Retirement

Financial advisor using a laptop

Financial Advisors: How to Talk to Clients About a Life Settlement Option

When your client faces an income shortfall just months or years away from reaching his or her retirement goals, what are the best options to course-correct? Downsizing is one, but it’s probably not the prospective retiree’s first choice. Another strategy is to get creative about liquidating non-investment assets to raise cash and shore up the savings balance. That’s where a life settlement can help.

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Coin stack and clock

New Survey Finds COVID-19 Confuses an Already Uncertain Retirement Outlook for Americans

To gauge how Americans are feeling about retirement, generally and in light of COVID-19, and to assess knowledge about life insurance and life settlements, Harbor Life Settlements conducted a nationwide survey of 1,700 U.S. adults across four generations. The data revealed a mix of attitudes, ranging from retirement confidence among certain groups to high levels of concern about the long-term financial impacts of COVID-19. There are also generational differences in how individuals plan to fund their retirement and in the retirement expenses savers are most worried about.

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Stressed senior man

Financial Help for Seniors in Debt

Debt is one of those problems that gets worse when you ignore it. Commit now to the first step of creating a budget — it’s easy and free. Then, let the numbers guide you to your next move. Your options include aggressive monthly payments, consolidation to lower-rate debt, full payoff via a life settlement or home sale, or bankruptcy.

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Senior man with money

New Survey Finds Knowledge Gaps May Be Costing Life Insurance Policyholders

More than two-thirds (70%) of Americans carry life insurance. Many of these policyholders are motivated by what life insurance policies do best: securing financial protections for surviving family members. But the life insurance industry has gotten increasingly complex over the last several decades. And while that complexity can benefit policyholders, it has the potential to alienate consumers — leaving them uncertain, first, about the type of life insurance they need, and, later, what they can do with their life insurance once they have it.

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social security benefits

Your Top Questions About Social Security Answered

Social Security provides reliable income payments to millions of retirees. But the program can be easily misunderstood, thanks to some complex rules that govern how you qualify and what factors affect benefits for you and your family members. Before you build any Social Security assumptions into your retirement plan, make sure you have the facts straight. You can start with this list of nine common Social Security questions, answered.

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Senior couple enjoying retirement

6 Essential Steps of Retirement Income Planning

Whether you’re nearing retirement or just starting out in the workforce, these are the essential steps you need to take in order to make sure you’ll be able to retire comfortably. Follow these step-by-step instructions to create a retirement income plan that includes how much money you’ll need and strategies to help you achieve this goal by the time you want to stop working.

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money and calculator

How to Find Out If I Am Owed Money: 29 Places to Find Missing Money

Most of us don’t have long-lost relatives destined to leave us fortunes. But a surprising number of people do have unclaimed money they don’t know about. According to the National Association of Unclaimed Property Administrators (NAUPA), one in 10 Americans have unclaimed property, and states return more than $3 billion dollars annually to rightful owners.

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Retirement ahead sign

How Does the Coronavirus Affect Retirement Planning?

The sting of the coronavirus pandemic is being felt far and wide. Even if you’re fortunate enough to have sidestepped illness, COVID-19 has likely made its mark on your retirement portfolio and, possibly, your income. Both outcomes signal it’s time to reassess where you stand with respect to retirement planning.

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