Life insurance is a contractual agreement between an individual (the policyholder) and an insurance company. Under the contract, the insurer promises to pay a designated beneficiary a sum of money ...

Both Roth IRAs and life insurance policies can provide access to tax-free income in retirement. Roth IRAs have income limits, and gains generally can’t be accessed without penalty before age 59½. The ...

Most people purchase a life insurance policy so their loved ones are taken care of when they die. But what if you wanted to cash in on that policy while you’re still alive, to pay for necessities now?

Living comfortably during your golden years heavily depends on your ability to set up sources of retirement income that will augment modest Social Security payouts. Establishing retirement funds such ...

One rule of thumb is that you'll spend 70%-80% of what you spent before retirement during retirement. Using the 4% rule, you can calculate how much you need to save in total.

We study retirement income strategies using systematic withdrawals from liquid assets, guaranteed immediate life annuities, and combinations of the two. We show that the Bengen strategy produces a ...

Forbes contributors publish independent expert analyses and insights. I am the President of Diversified, a CFP and author. Without the right protection in place, even the most well-crafted retirement ...