Accountant doing taxes

When Life Insurance Cash Value Is Taxable and When It’s Not

Cash value life insurance is any type of policy that features a death benefit and a savings element. Common types of cash value life insurance policies include whole life, universal, variable universal, and indexed universal. Cash value policies are permanent, and accumulate value that you can access during your life to pay for emergencies, cover retirement expenses, or even self-cover […]

When Life Insurance Cash Value Is Taxable and When It’s Not Read More »

Senior couple meeting with financial advisor

What Is a Life Insurance Buyout? How It Works Step by Step

If you have a life insurance policy you no longer want or need, a life insurance buyout may be a viable option to get money out of your policy. The process involves selling your life insurance policy to a third party for a lump cash sum, and it frequently comes up when people can no longer afford

What Is a Life Insurance Buyout? How It Works Step by Step Read More »

Retiree counting money

15 Ways to Make Money in Retirement

Enjoying retirement means having a comfortable income, either from savings or benefits. However, recent studies suggests that nearly half of retirees struggle to afford basic living expenses and it’s only getting more difficult with inflation reducing your purchasing power. If you’re running out of money or just looking for some ways to get extra income, we’ll share the top available

15 Ways to Make Money in Retirement Read More »

Person opening a letter with a check

Cost of Living Adjustments in 2025: What COLA Means for You

As inflation reduces people’s buying power, it can be difficult for people to afford living expenses like food, housing, and medical care. In response to rising costs, the government and some employers have implemented Cost of Living Adjustments (COLAs) that increases the amount of money you receive each month. In this post, we’ll explain what

Cost of Living Adjustments in 2025: What COLA Means for You Read More »

budget breakdown and calculator on a table

Free Senior Budget Template for 2025 and How to Use It

Your senior years are often referred to as your “golden years” because they’re supposed to represent the time in your life where you can relax after a lifetime of work. However, rising costs associated with inflation can put financial strain on seniors’ finances. Without proper planning, seniors may find their expenses are greater than their

Free Senior Budget Template for 2025 and How to Use It Read More »

Senior couple walking on a beach

Retirement Statistics And Income Planning Guide: How Much You Really Need

Retirement planning gets harder when it is treated as a single number rather than a comprehensive income strategy. Most people do not retire on the same budget they had while working. Housing can go down, healthcare often goes up, taxes can change, and income may come from several sources at once rather than from a

Retirement Statistics And Income Planning Guide: How Much You Really Need Read More »

Senior looking at computer

What Is a Good Monthly Retirement Income? A Practical Guide

When you retire, the goal should be to have enough savings and monthly income to maintain your lifestyle. To help you plan, we’ll share what a good monthly retirement is and sources of income you can utilize to fund retirement. What’s a good monthly retirement income? To maintain your lifestyle in retirement, most financial planners recommend

What Is a Good Monthly Retirement Income? A Practical Guide Read More »