Many people assume that their will controls who inherits all their assets when they pass away. However, this isn’t always the case. Many assets, such as life insurance, annuities, and retirement accounts (401(k)s, IRAs, 403(b)s), transfer directly to a named beneficiary—regardless of what a will says. Additionally, many financial institutions allow you to name beneficiaries on non-retirement accounts, known as Transfer on Death (TOD)  or Pay on Death (POD)  accounts. While th

A complete and personalized picture of your current and future finances using several planning concepts that consider risk and the potential length of your retirement, is often one of the best financial moves you can make. Our article notes that a wealth plan has four core components, the first of which is taking inventory. A wealth plan begins with considering all your current assets, income sources, and expenses, while also addressing inflation. An inventory of your assets

In an era where inflation is an ongoing concern, the challenge of preserving your purchasing power over time becomes critical. Whether you're planning for retirement or simply looking to secure your financial future, inflation can erode the value of your savings. But here's the good news: certain annuities are designed specifically to help protect your savings against this inevitable rise in prices. Let’s explore how you can use inflation protected annuities to shield your ne