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NAIFA


Recent posts by NAIFA

2 min read

Why Millennials Need a Financial Advisor

By NAIFA on 1/19/22 10:00 AM

We know that millennials are facing staggering economic challenges. With the high cost of living and low wages, money management can be challenging. That's why it's essential to work with a financial advisor - one who understands your needs and can make sure you're getting the best information for your unique financial situation.

Topics: Financial Planning Financial Literacy
2 min read

How to Start Saving When You Have Tons of Student Loan Debt

By NAIFA on 11/22/21 10:00 AM

I have tons of student loan debt—over $90,000, in fact—and no matter how much I cut back, it seems like there's never enough money left over to start saving. There are plenty of organizations out there who say they can help with this, but it's important to do your research before committing to anything— it may not actually be the best option.

Topics: Financial Security Debt
2 min read

Caring for Aging Parents: Financial Impact

By NAIFA on 11/18/21 1:32 PM

As our parents continue aging, there is a change in the role of who is taking care of whom. They become more senile and financially dependent on you to take care of their needs. Eventually, all our parents do age, and failing to prepare for this will leave you and your whole family at a disadvantage. This is why it's important to work with insurance and financial professionals with a wealth of experience planning for expenses associated with aging.  

NAIFA specializes in this and has financial advisors willing to work with you and your family to plan your finances so that you can comfortably give your aging parents the care they need. We have discussed the importance of, and some of the long-term care costs and strategies for paying them.

Importance of Preparing as a Family for Long-Term Care Cost

Topics: Financial Security Family
1 min read

Fairway Mortgage presents: How Not to Lose In Retirement

By NAIFA on 7/19/21 7:25 PM

It was all about what you could gain during your earning years-- and now in retirement, it is how not to lose.  Join two experts, Harlan Accola of Fairway Independent Mortgage and David McKnight, the author of the Power of Zero,  for How Not to Lose in Retirement on Wednesday, July 21st at 5:30 pm eastern, as they review your most important investments: 

Topics: Retirement Planning Retirement taxes
1 min read

Investing With a Conscience

By NAIFA on 3/2/21 10:38 AM

Investing while staying true to one’s personal values, including approaches that focus on environmental, social, and governance (ESG) factors, is growing in popularity. While many people want their investments to reflect their personal values, many also question whether they can achieve good financial results with an ESG strategy.

Topics: Financial Planning investing
1 min read

Life Insurance and Education Goals Go Hand in Hand

By NAIFA on 2/22/21 9:52 AM

The thought of financing college for your child can be overwhelming. The cost for a state university is prohibitive for the average family. Private universities' annual costs can rival your salary. Most families with young children probably haven't even begun to consider these costs -- they are too busy putting food on the table and paying for their home. But the early years are a great time to begin planning for future educational expenses.

Topics: Annuities Life Insurance Education College
2 min read

Life Events Impact Your Insurance and Financal Services Needs

By NAIFA on 2/10/21 1:00 PM

Ah, life. It continues whether we are prepared or not. But preparation is key to navigating life events that affect our finances. 

Marriage

Two become one, and that means shared responsibilities and incomes. Let's face it -- life insurance may not be top-of-mind for couples embarking on a lifetime together, but perhaps it should be. If one of you was unable to work, could you afford your mortgage or your day-to-day bills? 

If you start your financial planning early in your marriage, you'll have a better chance for financial success, and you'll increase your future options. 

Topics: Retirement Planning Life Insurance Consumer
1 min read

Three Reasons to Start Planning ASAP for Retirement

By NAIFA on 2/8/21 1:47 PM

Some people forget to plan for the future when they focus on their current situations. While you may think you don't need to worry about retirement yet, you should start planning for it. Doing so can help you in various ways, especially as you put forth effort to plan and start saving for your retirement. Let's talk about the benefits you will enjoy if you start right away on your retirement plan.

Topics: Retirement Planning Financial Security
1 min read

Consumer Resources for LTC Insurance: Agents and the NAIC Buyer’s Guide

By NAIFA on 2/8/21 9:43 AM

A recent Wall Street Journal article (subscription required) by financial columnist Glenn Ruffenach discusses the importance of planning for long-term care and identifies insurance and financial professionals as an important source of guidance for consumers. He says that “your best first step is not to shop for a carrier or policy. Rather, it’s to shop for a knowledgeable, independent agent.”

Topics: Long Term Care Limited & Extended Care Planning Center Financial Security
1 min read

Four Reasons to Consider Permanent Life Insurance

By NAIFA on 2/1/21 4:42 PM

Life insurance is not one-size fits all. Term policies tend to be less expensive and provide crucial protection for many families, but permanent life carries benefits you may not have considered. An insurance and financial advisor, such as a NAIFA member, can help you determine what type of coverage best meets your goals and fits your financial plan.

Premiums Never Change

One of the best benefits of permanent life insurance is that premiums are locked in on the policy's start date. Premiums don't change as long as they are paid, regardless of what might happen to your health as you get older. Buying early and when rates are good can provide a substantial long-term benefit for young people who get permanent life insurance. 

 

Topics: Life Insurance Financial Security

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