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In a 2020 survey, 36% of all workers reported they were either “not too” or “not at all” confident that they would have enough money to pay for their medical expenses in retirement. Regardless of your confidence...

Americans who have been adversely affected by the COVID-19 pandemic may now be able to access retirement accounts to help cover daily expenses, penalty-free.Now, in addition to those who have lost their jobs during the COVID-19...

Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing, and your family ends up on a first-name basis with the nurse at urgent care. Then, as you’re driving to work, you see smoke...

When financial markets turn volatile, some investors show their frustration by fleeing the markets in search of alternatives that are designed to offer stability. For example, in the first quarter of 2018, investors pulled $63 billion...

Taking withdrawals from a traditional portfolio exposes fixed-income investors to “sequence of returns” danger. In other words, experiencing negative returns early in retirement can deplete your portfolio more quickly than...

For the casual observer, it sometimes seems that variable annuities are either “terrible” or “wonderful.” Commentators in the financial media seem to occupy a polarity of opinions we might see in politics. What...

Despite not being as well known as some other retirement tools, annuities account for 8% of all assets earmarked for retirement. With about $2.3 trillion in assets, annuities hold more funds than Roth IRAs.1 An annuity is a contract...

1. Through an Insurance Professional Working with a professional who specializes in long-term care insurance provides you with a lot of flexibility and personal guidance. An insurance professional can help you shop around for the best...

It’s true that most long-term care insurance claims are made when people reach their golden years, but there’s a misconception that you should wait until you’re approaching retirement to buy a policy. Waiting too long...

When considering long-term care insurance policy, you should be familiar with the following: Daily/monthly benefit The maximum daily or monthly amount your policy will provide toward the cost of longterm care. Benefit maximum The...

Chances are the day will come when you won’t be able to manage on your own. The good news is, people are living longer. However, that increases the chance that you will live to the age where you will need long-term care....

One of the first things any business owner needs to consider is how to protect against events that may threaten the future of the business, like the death or disability of a proprietor, partner or key employee. When adversity strikes,...

1. Through an Insurance Professional Most people need help conducting the detailed financial assessment needed to determine how much and what kind of insurance to buy. That’s why they usually turn to a qualified insurance...

There are several features that are unique to permanent insurance: Living Benefits- Access to Cash A policy’s cash value can be surrendered, in total or in part, for cash that can be put toward important uses like a child’s...

The most basic feature of a life insurance policy is the death benefit: the lump-sum payment your beneficiaries would receive if you were to die. It’s the core reason to own life insurance—but not the only one. Some types...

The most important part of buying life insurance is determining how much you need. Since everyone’s financial circumstances and goals are different, there is no rule of thumb to tell you how much to buy. But do you really need...

If someone depends on you financially, you probably need life insurance. Here are some examples of specific life stages or life events that might trigger the need for life insurance. Married or Getting Married Many families depend on...

September is Life Insurance Awareness Month. The purpose of Life Insurance Awareness Month (LIAM) is to educate consumers about life insurance and help them get the coverage they need. Metro Insurance & Financial Services is proud to...

In the third quarter of 2017, more than 2,500 small businesses were sold. The median sale price was $225,000, up from $200,000 the year before.¹ As a business owner, ascertaining the value of your business is important for a...