4 Recent Innovations in Life Insurance Policies

Life insurance is no longer constrained to the inflexible policies our parents held. Here are some of the latest additions and innovations to give you more options than ever. Today’s life insurance policies are not the policies our parents and grandparents grew up with and purchased. They offer more features and more customization, at a…

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What is COLA, and How Does it Affect Retirement?

NORTHSIGHT WEALTH

The COLA on Social Security is projected to increase benefits by more than 10%. How does that affect your retirement? Inflation in the United States is at a 40-year high, and the entire country seems to be feeling the squeeze of rising prices, regardless of income level. Though the debate over the cause of current…

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Inflation as a Risk in Retirement

NORTHSIGHT WEALTH

Inflation can be troubling, especially for those living on a fixed income. Here’s what you need to consider. Exiting the work force and beginning the next chapter of your life can be infinitely exciting. After a long career, free time afforded by retirement offers a great opportunity to check off long-awaited bucket list items or…

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How Annuities Offer Protection and Growth Potential

NORTHSIGHT WEALTH

National Annuity Awareness Month is upon us! Let’s go over how annuities can be an important part of a retirement plan. June is National Annuity Awareness Month, giving us the perfect reason to discuss how they can positively impact your retirement. Annuities have always played a role in retirement planning, but with growing uncertainty and…

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Are You Retiring Within the Next 5 Years

What to focus on as the transition approaches You can prepare for the transition years in advance. In doing so, you may be better equipped to manage anything unexpected that may come your way. How much monthly income will you need? Unfortunately, there is no “magic” number for everyone to strive for. Instead, examine your monthly expenses,…

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How Big Events Like Ukraine Can Impact Your Retirement

World events can impact your retirement, but you can be prepared! The past few years have shown us that big world events can impact our lives at any moment. Sometimes we see them coming. Other times, we don’t have the ability to prepare and buckle in for the turmoil ahead. The COVID-19 virus is one…

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6 Facts About Taxes

Individual income tax returns for 2021 will be due April 18th, 2022. In preparation as we head into the tax season, here are some facts to consider. 1. Where your tax dollars go. In 2021, the federal government spent $6.82 trillion, which equals 30% of the nation’s gross domestic product. Three significant areas of spending make up…

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The Importance of Having a Financial Advisor

Some studies indicate that people with financial advisors experience higher portfolio gains, anywhere from 1.5% to 4% higher, according to Fidelity. But even if you could navigate the market like a pro all by yourself, should you? Here are the top reasons you should hire a financial advisor. To act as a coach to keep you…

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Your 2022 Financial To-Do List

Things you can do for your financial future as the year unfolds. What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your…

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