As you’re dealing with life insurance in retirement, the wrong move can cost you thousands of dollars. …and unless you have a massive pension or other retirement accounts, those are mistakes you simply can’t afford. To help you make the right choice with your life insurance needs, here’s a list of the top life insurance mistakes retirees make and how to avoid them. 1. Retireees avoid life insurance entirely You might think you’re too old to get life insurance or it’s too expensive.

Annuities are a hot button financial offering because they are a product with a high commission for the seller. Thus, they are frequently (inappropriately) promoted to individuals for the purpose of giving the seller a fat commission. This article will delve into the nuts and bolts of the annuity product, when and when not to buy an annuity, and how not to get taken when you purchase an annuity. What is an Annuity? Annuity means a stream of income payments. Sounds great? Who doesn’t want a st…