Male   Female
  • How can I leave more behind for my beneficiaries?
  • December 26, 2013
  • By

    As retirement for the baby boomer generation is quickly approaching, some are facing financial struggles due to poor planning and the recent economic recession.

    In addition to the recession, job and stock losses; caring for adult children; and other financial obligations have caused some boomers to dip into their retirement and life insurance plans. However, all is not lost for those hoping to quickly set aside funds for heirs, according to CNNMoney.

    The first step may be sitting down with your intended beneficiaries so they understand the situation, then meeting with a financial adviser.

    “Still, wouldn’t it be nice to leave something more tangible than holiday customs and of greater value than your old engagement ring?” the report says. “After all, cash left for a grandchild’s education or to secure a cherished family cabin is a reflection of your values, too.”

    Taking action to reallocate and invest funds can also boost a consumer’s savings over a short period of time. Purchasing a life insurance policy is the simplest way to make something out of nothing, according to the report.

    Those with a traditional individual retirement account may also consider converting to a Roth IRA. These savings can quickly build over time and lead to tax-free benefits for your heirs. A separate report by CNNMoney suggests taking advantage of employers’ 401(k) matching plans, which can also lead to quick savings over a short period of time.

  • Category: Articles Library, Life Insurance, Tips

Leave a Reply



Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

Consumer Insurance Guide SM is owned by Life Quotes, Inc. 8205 South Cass Avenue, Darien, IL. For editorial, content feeds, advertising and lead purchase opportunities, contact Robert Bland at

Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates and, two online consumer insurance information services that cater to the needs of self-directed personal and corporate insurance shoppers.

About Us  |   Contact Us  |   Press Releases  |   The Best Privacy Policy  |   Life Insurance  |   Careers
For Agents & Brokers  |   Site Map  |  

Copyright ©1984-2015 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.