People are living longer, which means the years spent in retirement are lasting longer, too.
Are you saving enough to live a long, healthy, fulfilled retirement?
Here are some tips for securing your future:
1. Watch out for fees
2. Build a retirement plan now
3. Manage your debt
4. Create guaranteed income streams
5. Increase your contribution by 1% each year
6. Know how to work your taxes
7. Consider catch-up contributions
Life insurance is one of those things you don't want to learn how important it is once it's too late. Don't just take our word for it. Below, read Jessica’s personal story about how life insurance made all the difference.
I Wanted To Put Off Getting Life Insurance—But My Husband Didn't
When I married James, I was 21 years old. I never could have imagined then that I’d be a widow by 26, or that I’d have a 9-month-old baby to take care of on my own.
As soon as we became pregnant, James started talking about life insurance, but I was hesitant. I was 24, but James was already thinking like an adult. It’s not that I wasn’t an adult; the topic of life insurance was just scary. I was pregnant with our yet-to-be-born child, and the last thing I wanted to think about was one of us dying.
James passed away on a Tuesday in March. The weekend before, we’d had an especially good time together. That Monday evening, my neighbor came over to watch a show. James sat with us but left early and was already asleep when I joined him later.
The next morning, he left for work without me seeing him. Whether he kissed me goodbye while I slept, I’ll never know. I had a hair appointment with the woman across the street. I was sitting in a chair in her basement when I heard footsteps coming down the stairs. I turned to see my brother, Paul, who, like James, was a construction worker. He looked at me and said, “Jessica, we have to go.” I remember him pulling me out of the chair, and driving to the hospital. My first words were, “How bad?” He just squeezed my hand.
When we arrived at the ER, the other construction workers were there. It was hard for them to look at me—and that’s when I knew.
My story is a reminder that once you have a family—no matter your age—life insurance is absolutely essential.
I didn’t want to think about that at the time, but lucky for me, my husband had.
2 1225 July, 2019
Are you confident in your current retirement plan? Are you saving enough? Do you know all of your options?
If you’re unsure about any of those questions, it’s time to reassess your current plan to make sure you reach your goals.
Wedding season is here! Marriage is the perfect time to purchase life insurance. It’s when you start sharing your life – and your debt – with the one you love. A strong financial future starts with a strong foundation!
1. Do you make more than the minimum payment on your credit card bills?
2. Do you have $50,000 or more in life insurance?
3. Are you saving every month?
4. Do you have enough savings to cover three months of expenses?
How many yes's did you have? Most people have 1 out of 4. Luckily, Detroit Financial is here to help you change that! Schedule your complimentary financial analysis with us today and get on the road to financial preparedness!
#LifeInsurance with living benefits is beneficial for everyone. It is designed to financially protect you, your loved ones, and your assets from life's unexpected events.
For as little as a cup of coffee - you could be protecting what matters most. Contact #DetroitFinancial to learn more!
0 2012 March, 2019
Can you easily answer the following questions?
1. How much money do I need to cover my expenses in retirement?
2. How long will my retirement savings last?
3. How do I maximize my Social Security benefits?
If the answers to these questions worry you or you just don't know the answers - We are here to help! Detroit Financial can evaluate your retirement plan and ensure your future is comfortable and secure!
Due to the lack of #LifeInsurance coverage, Millennials are not financially prepared for unexpected life events.
While most #Millennials would have never needed to consider life insurance before, it's now time to start taking it more seriously.
Policies today cost as little as $10 a month and provide financial protection and flexibility in the event of illness and death. Schedule your complimentary life insurance consultation with #DetroitFinancial today!
1 1827 February, 2019
Studies prove most Americans are not prepared for #Retirement . More than half of consumers feel it is harder to retire now than it was five years ago.
Luckily, #DetroitFinancial is here to help you plan for a secure and comfortable future! There is no better time to start than now!
Life insurance is no longer only beneficial when you pass away. Policies now provide living benefits so that should something tragic happen to you, you and those who matter most are financially protected.
Contact us today to get a #free financial analysis and start making your #goals reality!
1 2910 January, 2019
At #DetroitFinancial , we believe all people are equal. Everyone deserves equal treatment, counsel, and financial advice. We understand that everyone’s financial situations are different. That is why our specialists use unique approaches to helping you achieve your #goals .
#DetroitFinancial knows that everyone's lives are different and believes you should have someone helping you who looks across all sectors of your financial life. We are here to help you create a unique and custom plan to achieve your #RetirementGoals .