Why Your 2021 Employee Benefit Package Needs to Include Financial Wellness

- By : MMEadmin

by Sunnie Thornton | Director of Marketing & Business Development Job stress is estimated to cost American companies more than $300 billion a year Employees who utilize financial wellness tools are likely to be more productive in the workplace Adding

Impact of Financial Stress on Employees

- By : MMEadmin

What confuses us and worries us – distracts us. Having financially literate employees doesn’t just improve the employees’ personal finances, it can affect their relationships, productivity, and even their health. Imagine the boom in productivity if each of your company’s

Over 50 and a woman? Better get saving for retirement

- By : MMEadmin

by Ivana Kottasová   @ivanakottasova Women who hit 50 without any retirement savings may have to stash away half their paychecks if they want their golden years to be comfortable. The average 50-year old single female New Yorker has to start saving

Student Loans Meet Retirement

- By : MMEadmin

by Bondar&Associates The burden of student loans is typically associated with recent college graduates or young professionals, but the number of consumers age 60 and older with student loan debt quadrupled from 2005 to 2015 (see chart). During this period,

Hot Topic: Full Employment: What Happens Now?

- By : MMEadmin

by Bondar&Associates In April 2017, the nation’s unemployment rate dropped to 4.4%, matching a 10-year low last seen in May 2007. To put this in perspective, the last time the unemployment rate fell below 4.4% was in May 2001, the

Discussing finances with your family: Ideas and inspiration

- By : MMEadmin

TALKING NOW CAN SAVE HEARTACHES AND HEADACHES LATER.   “How will we manage the bills while Dad is in assisted living?” “Have you designated a durable power of attorney?” “Where does Mom keep her will?” “Has anybody found the key

PENSIONS MAY BE CUT TO ‘VIRTUALLY NOTHING’ FOR 407,000 PEOPLE

- By : MMEadmin

One of the biggest private pension funds in the country is almost out of money, and fresh out of options. The Central States Pension Fund has no new plan to avoid insolvency, fund director Thomas Nyhan said this week. Without

4 WAYS TO TELL IF YOU’RE FINANCIALLY READY FOR RETIREMENT

- By : MMEadmin

A recent study put together by Go Banking Rates says Americans are not in a good place when it comes to saving for retirement. Patrick Jones (@Patrick_E_Jones) explains. Buzz60 Do you have enough money to retire? That’s not an easy

STABILITY AND LIQUIDITY: MONEY MARKET MUTUAL FUNDS

- By : MMEadmin

During the late 1990s, money market mutual funds offered an annual return of around 5% (see graph). This made them attractive to investors, including retirees and pre-retirees who wanted to preserve principal while earning a modest return. After an uptick

RETIREMENT PLANNING FOR THE 51%: 3 RIIA SPEAKERS WEIGH IN

- By : MMEadmin

What are the typical financial and nonfinancial needs of women preparing for retirement? How might those needs change over time and impact the retirement plan? Which specialists should insurance and financial service professionals be partnering with to best serve women

YEARLY CONVERTIBLE TERM

- By : MMEadmin

Affordability is key. Yearly Convertible Term is temporary life insurance protection at an affordable initial premium. This type of policy is renewable each year, which means you may renew the policy annually (until the expiry age which varies by state)

HOW TO PLAN FOR RETIREMENT WHEN YOU’RE READY TO RETIRE

- By : MMEadmin

Americans nearing retirement age are faced with challenges that can make saving for retirement doubly difficult. Though you ideally should’ve already accumulated most of your retirement assets by now, the majority of the middle-aged population have a significant retirement savings

TAX CONSIDERATIONS IN RETIREMENT.

- By : MMEadmin

The amount of tax you owe at retirement depends not only on your income, but also on the type of your retirement plan and the timing of your withdrawals; you’ll want to consider retirement strategies that provide tax-deferred growth and

UNDERSTANDING RMDS

- By : MMEadmin

Tax-deferred plans can be a great way to save money for retirement, but you can’t defer your tax liability forever. Once you reach age 70½, you must begin taking required minimum distributions (RMDs) from these plans each year or face

5 STEPS TO RETIREMENT INCOME

- By : MMEadmin

You’ve saved for years. Now that retirement is here (or near), how do you create an income plan from your savings? There are five steps. We, as an industry, constantly talk about the need to save for retirement. Put money

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