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Are Baby Boomers too optimistic about retirement?
(By - Anne Fisher, fortune.com)
If you’re a Baby Boomer within sight of age 65, you’re probably thinking about your next move—and it may well be a career change instead of a traditional kick-back-and-relax retirement. Among 1,005 Boomers who haven’t yet left their full-time careers, 60% expect to keep working at least part-time after they “retire,” says a study from Bankers Life’s Center for a Secure Retirement. Read more…
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Lilac,There are life insurance poliices that are Guaranteed Issue. The insurance company does not ask any questions about your health. These poliices are expensive but they do provide a benefit if you were to die thus enabling you to provide for your children.Take a hard look at your budget and your spending. Save Save Save then Save some more and thus you will accumulate a nice nest egg.You NEED to go talk to several professional insurance agent and lawyer about your situation. The insurance agent can work with you to provide the protection and the lawyer can provide the NECESSARY documents that will protect you, your children and your assets in the event that a disability or death occurs.Talk to as many professionals as you need to until you find one with whom you feel comfortable then tell him/her everything.Good Luck