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. How does it work?

article thumbnail

7 Tips to Help You Plan for Retirement

Success

Retirement planning is usually the most significant financial goal people will work toward. No matter where you are in your career, considering how to plan for retirement is essential so you can spend your golden years on your terms. Determine how much income you’ll need to plan for retirement.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

High financial stress among employees, including those with high incomes, can lead to mental and physical health impacts, which cost businesses in lost productivity. The implications of such financial distress are profound, costing U.S. These tools can be integrated into an employee portal, allowing easy access.

article thumbnail

Helpful Budgeting Tools to Keep You On Track

Success

Instead of feeling down about your budget, find some tools like budgeting apps, spreadsheets or even features offered at your bank to help you keep track of your money. Using budgeting tools will offer less hassle and let you keep working toward your financial goals. Budgeting apps Apps are great budgeting tools.

Budget 243
article thumbnail

Forget Basic AI Tools, Digital Clones Will Be The Next Big Workforce Disruptor

Allwork

Digital employees will offer employers multiple cost-reduction benefits, whilst human employees could gain improved work-life balance , as their digital counterparts assume responsibility for more routine aspects of their roles. In the workplace, the prevalence of digital human clone employees is destined to become commonplace.

article thumbnail

What Is a Health Savings Account?

Success

We all know we need to prepare for future healthcare costs, but learning how much to save can be difficult. A health savings account (HSA) is a type of savings account that lets you use pretax money to pay for your current and future medical costs. HSAs have quite a few benefits that make them helpful planning tools.

Health 249
article thumbnail

Ask the Coach: I’m Overwhelmed by the Ever-Changing Nature of Digital Marketing—How Do I Keep Up?

Success

But I can’t afford to retire yet, either. What used to be an inexpensive way to reach an intended audience has now become a method marked with escalating costs, diminished returns and increased competition. Acquiring a new customer can cost five times more than retaining an existing customer. What do you think?

UPS 299