Most Americans realize they aren't saving enough for Retirement. According to the nonprofit Employee Benefit Research Group, about 1 in 4 workers describe themselves as "not at all confident" about retirement. A study by 401k.org shows that on average, Americans with 401(k)s contribute between 5.5 and 7 percent of their pre-tax salaries into those accounts--far less than most people need to replace the recommended 80 percent of their working salaries during retirement. read more..
Do You Need Life Insurance in Retirement?
As you age, the idea of life insurance seems increasingly unnecessary. Many retirees prefer not to continue paying life insurance premiums when they no longer have young families to take care of. However, before you shrug off the idea of life insurance in Retirement, it's a good idea to consider that life insurance still has its virtues. read more..
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