article thumbnail

Can I Use Life Insurance as a Retirement Plan?

Success

But did you know that, in some cases, life insurance can also be a savings tool to help you supplement income from your retirement plan? A life insurance retirement plan (LIRP) can help you add to your retirement savings, but it shouldn’t be the only way you save for retirement. What is a life insurance retirement plan?

article thumbnail

Older Americans are Choosing Work Over Retirement

Allwork

Instead of retiring, an increasing number of American’s are working — either reentering the workforce or pressing onward with their professional careers. While younger workers are reported to have seen a decrease in access to employer-provided benefits like pension plans and health insurance, older workers have slightly better access.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is a Health Savings Account?

Success

Health savings accounts, or HSAs, are tax-advantaged savings opportunities for people with a high deductible health plan. On this week’s episode of the rich & REGULAR podcast, Julien discusses his decision to have a vasectomy, and shares some more information on health savings accounts. What is an HSA? HSA drawbacks.

Health 278
article thumbnail

The Future Of Work Is Remote: Location Independence Now A Decisive Factor for Top Talent

Allwork

According to FlexJobs, these benefits include professional development opportunities (23%), company-sponsored health insurance (13%), and retirement-focused company contributions (10%). A smaller yet notable portion, 16%, said they would fully embrace the digital nomad lifestyle by working from multiple locations around the world.

2024 261
article thumbnail

Economic Uncertainty is Driving Baby Boomers Back to the Workforce

Allwork

sped-up their retirement plans due to layoffs, health concerns, and changing work attitudes — contributing to what was termed the “Great Retirement.” Rowe Price’s Retirement Saving & Spending Study, 20% of retirees continue to work full- or part-time, and 7% are actively job searching.

article thumbnail

Purpose and a Paycheck and the New Retirement

Small Business Labs

Purpose and a Paycheck is a new book from Chris Farrell, a leading expert on retirement and workforce issues facing people over the age of 50.    Lots of research, much of which is cited in the book, shows that staying engaged and active in retirement leads to greater levels of health and happiness. 

article thumbnail

5 Long-Term Financial Goals and How to Achieve Them

Success

Your long-term goals are an important aspect of your financial health. Save for retirement Expected time: 10-35 years Account types: Retirement plans including IRAs, 401(k)s and pensions Planning for retirement is one of the most common long-term financial goals.

Goals 288