Which is the best LIC policy for retirement benefits?
830040
Anupa s has given beautiful and Illustrative Answers to you and Jeevan Suraksh is the best retirement plan.However there is a slight mistake on part of Anupa that Plan no 122 has been replaced by Plan 147 and plan 122 has been closed.Please Check up.
808728
I would be careful about letting cost be a determining factor.  While near term savings look good it is what it will cost you when you need care that counts.  \n\nThis is something to keep you alive.  Pick the policy that gives you the most control over your own care.  Avoid any policy that requires you to get approval from any one for care - particularly someone that may have a financial reason for keeping you from getting the care.\n\nI always try to get a POS policy without my having to get permission to get a treatment.\n\nGood Luck and good health
490576
Disability is critical to protect the income stream of the any income earner.  Not just to protect the loss of income to the family, but also to cover the living and medical expenses of the disabled.\n\nHowever, you need to evaluate the policy.  $250/month sounds like a lot, but it might be because you're getting a high coverage.  Generally, you should insure about 2/3 of your current income.  Because the benefit will not be taxable if you pay the premium using after-tax dollars.\n\n- Does the policy cover own occupation or any occupation?  Get one policy that at least cover own occupation for the first several years of disability.\n\n- Does the policy pay up to age 65, or for a duration like 5 to 10 years?  The longer the payment, the higher the premium.\n\n- Is there a social security income rider? The premium will be cheaper with this rider since the insurance will work in conjunction with the SSI not in addition.\n\nIt's true that group policies are much cheaper than individual ones.  However, those policies will cease when your husband leaves work or is laid off.  It's still wise to own your own disability policy.  But if the job is relative secure, you might opt for a smaller coverage on your individual disability policy which will bring the premium down.\n\nAlso, if you pay the premium annually or quarterly, it's always cheaper than paying monthly.
84014
A 457 is a state sponsored retirement plan, and 403(b)'s are generally for not-for-profits.  I would suggest a regular old 401(k) even if you are a NFP, as the advantages are numberous, ranging from avoiding annuity wrapper fees to transportability of assets.  Look into it with someone qualified.  I don't know who is talking about 457 plans, they are probably not appropriate for you, and you're probably not even eligible to have one...might want to talk to someone else if someone mentioned that, unless you are a state agency or quasi-gov't entity.
98115
Universal Life.  It is cheap builds cash value and never expires. I have a policy on me and my six year old for 87.00 a month I got mine when I was a little older.  The thing with term is it expires and if you have a 20 year policy then when it expires you are left with no insurance and it will be outrageuos(sp) to  repurchase.
931336
Google is quite the useful tool.\n\nType in 401k self-employed and the information is limitless.\n\nI am surprised that more people do not use this function to find info.\n\nCheck this link:  explains some of the benefits that Solo 401k plans offer\n\nhttps://www.bcmadvisors.com/retirement_plans/solo-401k.htm
165716
Check with a local financial planner, but my thought would be to look at the non-qualified variable annuities offered by global insurers like ING or Allianz.
918984
Check into a reputable insurance co.  Not one offered by the bank or broker.  You can get a much higher return if you go directly to an insurance co.  Rollover your 401K to a Fixed Annuity if you like safety and want to see it grow and no risk of the market.  Hope that gives you some info.
461127
The one thing you are not factoring into your formula are the billions upon billions of investment dollars that the Boomers will soon be drawing out of retirement accounts. Most of that money will be taxable.\n\nBesides that fact, social security is not something guaranteed under the Constitution and should be done away with. The 10th Amendment states:\n\n"The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."\n\nSocial security was an ill-thought out program rushed through Congress with FDR's New Deal. Many of the problems we face as a nation have their roots in the New Deal. Any governmental program that is based on open or enforced enrollment is doomed to fail at some point - the rolls just grow too large for the base to handle.\n\nWhat this country needs to do is teach people fiscal responsibility and how to prepare for their own retirement. PRIVATIZING social security is the first step. The program that was suggested was a mirror image of the Thrift Savings Plan (TSP) available to every Federal government employee. I have two such accounts (one for my civilian job and one for my National Guard job), and BOTH accounts have grown by an average of 60% over the last two years. They do not allow people to invest in whatever they want - contrary to what the Democrats and liberals would have you believe. They consist of five very structured mutual funds based on market indexes. If it is good enough for the President and for Congress, it is good enough for me.\n\nPhasing it in - as was proposed - is the right answer, too. It allows people to keep receiving social security benefits but eventually weans people off of the government rolls.\n\nThe irony of liberals and Democrats not supporting privatized social security is this: They are the first ones that claim you cannot trust the government, yet they want the entire nation to trust the government with their retirement.
794708
Most definitely!!!!\nhttps://s044a90.ssa.gov/apps12/best/benefits/form.cfm?cfid=125355&cftoken=336a5a9c51c0db08-3ACA09E6-9DD5-914B-09E0B1163B12DD61
48259
The best area in Florida is anyplace the majority of boomers don't want to be, but which still suits you.  Central Florida, small town away from the beach might be good.\n\nKeep socking that money in the 401k so it grows tax free.  A lot of people think the real estate boom in Fla. can't last.
814549
I suspect that early retirement would be the best option for all concerned at the age of 57.  Ill health early retirement might be possible in the case of serious ill health which is defined in your pensions scheme rules.  This is the same as early retirement except that your pension is not reduced by quite as much. (also there may be restrictions on what other jobs he can take)\n\nEarly retirement may require a reduction in pension.\n\nThe pension scheme and employer may be able to compromise over a half way solution between full ill-health and early retirement pension if he suggests it.\n\nIf he is happy to continue working in the job, then compulsory redundancy would almost always result in enhanced early retirement pension at his age.  \n\nIt is really something that ought to be arranged between the employer and the employee.
922472
The best relative safe one that I have found is a Bond fund that Charles Schwab has--it currently pays 5.8%.  I have some funds in it and did a lot of checking before going in that direction.  Schwab is a good Co. to deal with --no conning or high-pressure.\nRemember the "rule of 72" says that your 5.8% compounded and reinvested will double in 12 and 1/2 years.
589884
May I suggest to you Ameri Plan's discount benefits program. They do not have any restrictions on ongoing conditions and you can start saving immediately. The plan includes savings on dental, vision, prescription and chiropractic care. I'd check them out. I'm so proud to be with them. I know I shouldn't advertise, but your need sounds great. Let me know if you have any questions. wlakin@ameriplan.net\n\nhttp://www.mybenefitsplus.com/40378118\n\nWe are currently running a promotion where you can try it out for 3 months for $23 total. This is a great service. You should check it out!
861829
Over 50 plans are all well and good, however most do not offer full cover until you have been a Member for over 24 months. If you die before that time you only get your premiums back, not the life sum assured.\nCall a financial Adviser to ask about your own individual requirements. The first consultation is usually free and without obligation (they will tell you over the phone ). He /She may be able to suggest a better option as they can research the whole market not just one company. Good luck
714890
Not a good idea at all, the penalty for borrowing against your retirement funds is pretty heavy, they will tax the crap out of you, best to try the Ameridream program or Fannie Mae Foundation. Best of Luck.
868617
Robert welcome to the grey zones, your best bet would be a private insurance person that you can trust and he/she can sit down and discuss the choices in your area relevant to your finances, beware most of 'em want to sell you their's and they don't care for the rest. Besides this part d is necessary in a way, you don't get it at age 65, they will make you pay penalties later, good luck