Who has an annuity? Americans with jobs that are risky; race car drivers, firefighters, and police officers take on risks at work, but many will not risk their retirement security.
- Vickie Verbos
- IMOR Financial
- Hits: 96
Who has an annuity? Americans with jobs that are risky; race car drivers, firefighters, and police officers take on risks at work, but many will not risk their retirement security.
Chances are if you live long enough, you will most likely experience a disability in your lifetime. You may not have disability insurance because you think a disability will never happen to you, but that fact is, we don’t know this! Disability insurance, also known as “income insurance” is extremely important. When we think about what our biggest asset is, many think of their home, or 401(k) account, but that isn’t the case. Your biggest asset is your lifetime earning potential, and you could find yourself at risk if you become disabled or injured.
The importance of having a budget is a “financial lesson” that cannot be lessened. If you and your family want to have financial security, having and following a budget is the answer.
How do you get started on saving and investing in your future? We usually don’t have “Finance for Young Adults” as part of our high school curriculum. The lack of financial literacy unfortunately leaves many young adults clueless about how to save and budget their money, how to apply for a credit card, and how to stay or get out of debt. But, those high school days are over and you are out of college and on your own trying to figure ALL of this financial stuff out.