The 2017 Insurance Barometer Study by Life Happens found that only 60 percent of respondents agreed that single parents of young children need life insurance. On the other hand, 82 percent of respondents said married couples with young children need life insurance protection.1
The difference in the survey results is confounding because single parents are often in greater need of life insurance protection than couples are. A single parent could be a child’s primary or even sole caretaker. If a single parent passes away, the child may have little financial support.
Life insurance minimizes that risk. The death benefit can be used to provide care and financial security for a child. If you’re a single parent without life insurance, now may be the time to examine your options. Below are a few tips to help you get started. Your financial professional can help you determine the correct amount and type of life insurance for your needs.
Do you want to retire early? You’re not alone. Many Americans dream of retiring in their 50s or even 40s. Early retirement can give you the opportunity to travel, explore new hobbies or even pursue a second career.
Unfortunately, early retirement can be a challenging goal. According to a Gallup poll, more than 50 percent of Americans are concerned about having enough money to retire at all, let alone at an early age.1
If you plan ahead and stay disciplined, however, you can potentially retire early. Below are three rules to remember as you develop your early retirement strategy. It’s important to create a plan that’s unique to your specific needs and goals. A financial professional can help you implement the right strategy for you.
Here at MasterPlan Retirement Consultants, we strive to keep you up-to-date with informative articles. Read on for more details of the latest and greatest news.