By Walter H. Zultowski, Ph.D By now, you’ve probably heard of the “sandwich generation” – those mostly middle-aged adults who find themselves providing financial support for parents and/or children at the same time. A recent research study by Pew Research Center1 shows that this phenomenon not only continues, but has...
Retirement plans are as individual as the people they support. And what worked for previous generations – such as a pension, inheritance or Social Security – may not fully support your financial future. As times change, it’s important to be aware of all the potential ways of securing your retirement....
Starting a business means taking all financial aspects into account. Here’s where to start. With the explosion of startups across the business landscape, you may be wondering if it’s feasible to start your own company. In addition to the perk of being your own boss, there are also financial considerations...
No matter how you alter your work life, your life insurance should keep up. Changing a career can be an exciting and significant milestone. Leading up to that moment, several factors may influence a career change, such as finances, family needs and personal fulfillment. Depending on your priorities and interests,...
Second marriages are increasingly common, and they are spurring important financial questions. A rising number of wedded Americans are finding that the second time’s the charm: In 2013, there were nearly 42 million remarried adults living in the United States, versus 22 million in 1980.1 In 40 percent of today’s weddings,...
These five topics can help make financial planning stress-free. In any successful marriage, communication is key. To limit disagreements over money and to take advantage of the financial benefits of being married, you and your spouse should be on the same page. Here are five things you can discuss to...
The value of planning for the unexpected Different generations may be thinking about purchasing life insurance for a variety of reasons – from a new home to a growing family to retirement income. Whether you’re part of the Baby Boomer generation, Gen X or are a Millennial there are many...
Before talking with a life insurance specialist, collect this essential information. Not sure how to start the conversation about buying life insurance? You’re not alone: According to the 2016 Amica Life Financial Peace of Mind Survey, 27 percent of Americans believe they’re not very knowledgeable about life insurance, and 21...
Americans approaching retirement may anticipate changes in income, but those changes don’t need to affect how they support their dependents. If you’re worried about not being able to maintain your current lifestyle in retirement, you’re not alone. But looking beyond simply funding your own retirement lifestyle, a broader concern could...
By Walter H. Zultowski, Ph.D The insurance industry’s Society of Actuaries recently completed a survey1 of the public’s perception of their financial risks in retirement, and how they plan to manage them. In this research, there was one statistic that gave me pause. More than half of today’s pre-retirees (52 percent)...
