Discover financial solutions that protect your future and provide peace of mind. Whether you're exploring annuities, life insurance, or understanding employee benefits through your workplace, Â鶹´«Ã½ offers resources and products designed to meet your personal and family goals.
Support your workforce with innovative employee benefits and retirement solutions. Â鶹´«Ã½ partners with business owners, benefits administrators, and pension fund managers to create customized programs that attract and retain top talent while securing their financial future.
Simplify complex retirement and pension risk management with our tailored solutions for large organizations. Â鶹´«Ã½ specializes in working with institutions to address their unique challenges, offering expertise in pension de-risking and strategic retirement planning for a more secure future.
Empower your clients with confidence by leveraging Â鶹´«Ã½â€™s comprehensive portfolio of financial products. From annuities to life insurance, we provide the tools, resources, and support to help financial advisors and brokers deliver exceptional value and long-term results.
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Individuals
Discover financial solutions that protect your future and provide peace of mind. Whether you're exploring annuities, life insurance, or understanding employee benefits through your workplace, Â鶹´«Ã½ offers resources and products designed to meet your personal and family goals.
-
Employers
Support your workforce with innovative employee benefits and retirement solutions. Â鶹´«Ã½ partners with business owners, benefits administrators, and pension fund managers to create customized programs that attract and retain top talent while securing their financial future.
-
Institutions
Simplify complex retirement and pension risk management with our tailored solutions for large organizations. Â鶹´«Ã½ specializes in working with institutions to address their unique challenges, offering expertise in pension de-risking and strategic retirement planning for a more secure future.
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Financial Professionals & Brokers
Empower your clients with confidence by leveraging Â鶹´«Ã½â€™s comprehensive portfolio of financial products. From annuities to life insurance, we provide the tools, resources, and support to help financial advisors and brokers deliver exceptional value and long-term results.
Understanding financial strategies is key to developing a successful retirement plan.
According to the U.S. Strategy for Literacy 2020, “financial literacy describes the skills, knowledge, and tools that equip people to make individual financial decisions and actions to obtain goals.†That is, it is understanding financial concepts in order for an individual or business to have financial stability. For businesses, financial literacy is necessary to run a successful business. For individuals, it can be used to plan for and manage a financial strategy for retirement. Below are a few concepts regarding financial literacy.
Budgeting
Budgeting is an important concept for financial well-beingÌýand probably one of the most basic planning tools in financial literacy. It helps a person or business owner make sound financial decisions, especially when purchasing big-ticket items and saving for rainy days. It also provides the knowledge and understanding of income from work and the expenses of everyday living. Technology has made it easier for an individual to create and maintain a budget through apps, calculators, and websites. There also are theories and strategies to help with budgeting and how to incorporate budgeting for retirement planning. Examples are the Actual Expense (single and dual budget) Method andÌý.
Saving
Saving is another important concept in financial literacy and may be the toughest to do. Based on a , “only 17% of Americans believe they have enough money for their retirement.†Savings can be held in bank accounts, investment accounts, and employer sponsored accounts such as 401(k)s. Savings are for different purposes depending on age. It can be saving for a largeÌýpurchase, paying off debt, or retirement planning. A good ruleÌýof thumb is to have at least three to six months of living expenses as an emergency fund. Ultimately, the goal is growth, which can then be turned into distributions used during retirement. This is important, as aÌýÌýshows that 44% of individuals are not confident that they are saving enough money for retirement.
Spending/Debt
The requirements for spending and debt involve the balance between fun and the future. Buy the luxury vehicles and/or homes, the designer clothes, and the weeklong vacations, or save more. Obtaining debt may be a spontaneous decision, such as a last-minute getaway, or thought-out, such as the purchase of a starter home. However, a debt is an expense that needs to be repaid. It is wise for consumers to be cautious and understand the interest attached to each debt obtained. A study byÌý, 33% of their monthly income goes toward debt payments, exclusive of mortgages. This large debt leads to the inability to save for retirement and the future.
Personal Financial Management
Here is where the rubber meets the road. Financial literacyÌýgives people the knowledge to make smart decisions with money. Here are a few items to consider when planning for a successful financial future:
- Create a budget.
- Have an emergency fund.
- Pay off debt.
- Use different retirement savings tools, such as employer-sponsored plans, IRAs (Roth or traditional).
- Consider legacy planning.
So why is financial literacy important? Simple answer: to be financially prepared for today, tomorrow, and whatever surprises life brings.
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Talking Social Security With Mary Beth Franklin
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Optimizing Social Security Benefits with Mary Beth Franklin
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The Financial Pillars of Retirement with Mary Beth Franklin
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How Annuities Can Boost Your Retirement Savings
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How to Enhance Your Retirement Strategy with Cash Value Life Insurance
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What Blended Families Should Know About Estate Planning
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Ensuring a Smooth Transition for Your Family Business
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How to Help Protect Your Estate Plan from an Uncertain Future
A life insurance trust can help provide flexibility and protection for the future.
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Estate Planning for Unmarried Couples
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5 Ways Life Insurance Can Help With Estate Planning
As you develop or update an estate plan, considering the following ways life insurance can help address your needs.
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Weigh your choices before deciding where—or whether—to move your retirement savings when you switch employers.
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Ways to Retire Confidently
If you’re concerned about saving enough for retirement, a protected source of income can help put your mind at ease.
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Don’t Put Off Saving for Retirement
Start building your nest egg early to prepare for the unexpected.
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Managing Your Beneficiaries’ Inheritance
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How to Save on Charitable Giving During Retirement
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Picking the Right Type of IRA for You
Understanding the difference between a traditional and Roth IRA can go a long way in planning your retirement savings strategy.
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How to Cope Without the Family Breadwinner
Take these steps to help your loved ones prepare financially in the event the worst happens to you.
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A Smart Way for Philanthropists to Give More
A well-designed charitable remainder trust can help lower taxes and aid in financial planning.
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The Challenges of Living Longer
The good news: Retirees are living longer. The bad news: That may mean retirees will have to fund more years of retirement.
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Make the Most of Your Retirement With an Informed Income Strategy
Annuities offer another way to put a floor under your retirement income, providing an retirement income stream in exchange for an initial investment. Immediate annuities begin issuing payments soon after you make your investment, while deferred annuities are invested for a period of time before you start taking withdrawals. You can also choose between fixed (-rate) and variable annuities. Fixed annuities earn a guaranteed interest rate over time, while variable annuities are tied to the performance of an investment portfolio. Both provide monthly income for life and protection for your loved ones through a death benefit.
Estate Planning / Family
Finding a Way to Hand Over a Family Business
Creating a detailed succession plan is paramount for a smooth and profitable transition.
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Balancing the Care of Aging Parents and Children
There are ways to ease the burden of this high-stress juggling act.
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Deciding When to Claim Retirement Benefits
Keys to Optimizing Social Security Income.
Home
How Tax Reform Impacts Retirement and Estate Planning
The new tax law will alter many decisions you may have to make when filing your 2018 taxes.
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The Importance of Investment Diversification
Methodically placing assets in several baskets isn’t as thrilling, but helps you invest responsibly.
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Protect Your Loved Ones With an Estate Plan
Taking a proactive approach to passing on your assets can help bring peace of mind to you and your family.
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Choosing a Financial Professional
When searching for the right financial professional for you, start with these 7 questions.
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Four Ways to Access the Value of a Life Insurance Policy
Life insurance isn’t only for your survivors: Find out how to use its cash value during your lifetime.
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Women & Finances: Securing Your Retirement
Strategies to help make sure your retirement savings last for life.
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Women & Finances: Strengthening Your Finances After Divorce
Make sure your retirement plan is still on track.
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Women & Finances: Moving Beyond the Loss
The loss of a significant other can offer an opportunity to learn about financial empowerment.
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Weathering a Turbulent Market
Worried investors would do well to remember that historically, markets recover after a downturn.
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The Surprising Affordability of Term Life Insurance
A life insurance policy isn’t as expensive as you think.
Family / Home
Get the Most Out of Your Annual Financial Check-Up
A yearly financial review is a good way to stay fiscally healthy.
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How to Buy an Annuity
Choose the right annuity plan that aligns with your financial goals.
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6 Life Insurance Myths Debunked
Don’t let these common misconceptions prevent you from giving your family the protection they deserve.
Healthcare / Family
Planning for the Cost of Healthcare in Retirement
Trying to anticipate what you’ll spend on healthcare in retirement can seem daunting, but estimates can help you start preparing for the future.
Family / Home
The Benefits of Rethinking Work-Life Balance Before Retirement
Achieving better work-life balance now can help position you for a more fulfilling future.
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How to Buy Life Insurance
These four steps can help you choose the best protection for you and your family.
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How to Lower Your Taxes in Retirement
You’ve worked hard to build your retirement savings. Now, make sure your money lasts by considering strategies to lower taxes.
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The Importance of Financial Literacy
Learn about basic concepts regarding financial literacy: budgeting, saving, debt/spending, and financial management.
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Make the Most of Your Money with a Financial Plan
A financial plan can help you meet your needs today and reach your long-term goals.
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Money Moves to Help You Feel More Confident
Build a stronger financial foundation with these four steps.
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Supporting Multiple Generations
Tips for families with many generations living together so everyone stays financially healthy.
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Securing Your Family’s Future
Having an estate plan is essential to maintaining your family’s financial security.
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4 Ways to Help Turn Income Into Wealth
Build your wealth by incorporating these strategies into your financial plan.
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Why Employee Benefits Matter
The key to attracting top talent goes beyond trendy perks.
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How Much Life Insurance Do I Need?
These key factors can help you figure out your life insurance sweet spot.
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Less Stress More Security
How to reduce anxiety and bolster your retirement with reliable protected income.
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How to Generate Retirement Income
Three important questions to ask before you reach retirement age.
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Saving Now for the Retirement Income you Need Later
Following these steps can help you save enough money to make your retirement dreams come true.
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Using Life Insurance and Annuities in Estate Planning
Adding these two financial products could help you achieve your estate planning goals more efficiently.
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Using Life Insurance for Generational Wealth Transfer
Five reasons to consider permanent life insurance for transferring wealth to children or grandchildren.
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What to know about Cash-Value Life Insurance
If you’re in the market for life insurance protection, don’t overlook permanent life policies.
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How Key Person Life Insurance Can Benefit Your Business
Life insurance for an employee your business can’t live without
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Retirement Loneliness
Retirement loneliness is not only a social issue but also an economic burden that impacts healthcare costs, social care, productivity, insurance, and social welfare systems.
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The above is provided for informational purposes only and should not be construed as investment, tax, or legal advice. Information is based on current laws, which are subject to change at any time. You should consult with their accounting or tax professionals for guidance regarding your specific financial situation.
Â鶹´«Ã½ refers to Â鶹´«Ã½ and its affiliates, including Â鶹´«Ã½ & Annuity Company. Insurance products are issued by Â鶹´«Ã½ in all states except New York and in New York by Â鶹´«Ã½ & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.
Â鶹´«Ã½â€™s Home Office is located in Newport Beach, CA.
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