A family's most valuable asset is, for most, it's ability to earn
an income. When that ability to earn an income stops, the need for income goes on.
Protecting your family's financial stability against the unexpected death of a provider
and protecting your income should a provider become disabled is of critical importance.
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In today's environment, retirement planning is a necessity. Developing a
strategy to fund your retirement income is vital.
In 1997 the Social Security
Administration determined that you will need between 75% and 80% of your
current income (adjusted for inflation) to maintain your current lifestyle when you
retire. Retirement income from pension plans and Social Security is estimated to be 40% of
your final pay. The up-side is that living healthier lives mean more years to enjoy
your retirement.
To plan for your retirement, you need to start by identifying your
current needs.