Now that your children are financially independent and off on their own, its time to review your plans for your own financial future. Tuition bills and extra expenses for cars, clothes and food are finally behind you. It's a good time to take a look at how you can use those freed up dollars to protect your current assets and prepare for retirement.
While your parental responsibilities have decreased, you may want to reassess your own plans for the future. A review of your retirement, investment1 and estate planning2 strategies is probably in order. Take a hard look at those goals and dreams that you might have put on the back burner. You may find you now have the fiscal freedom to make them a reality.
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| becoming empty nesters |
| Select from the solutions on the left to learn how the MassMutual Financial Group companies can help you protect and manage your newfound financial independence. |
| The college payments and weddings have all been paid for. Now you need to focus on funding your retirement. Even if you're starting late, there's good news. A variable annuity may offer you the ability to guarantee your future earnings with optional living benefits.1 In addition, an annuity offers the potential for tax-deferred growth of earnings, and when you are ready to retire, the ability to create an income you can't outlive.1 |
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| Your children have grown up and are out on their own. They may no longer depend on you financially. While you're enjoying your new financial freedom, consider what would happen if you or your spouse were to suffer a disability. You've worked hard to save for this period of your life. Help protect a portion of your income and your ability to make retirement contributions with MassMutual's disability income insurance coverage. |
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| Now that your children are starting lives of their own, it's time to reassess your own financial future. Life insurance can still play an important role in protecting your family, supplementing retirement income and implementing your estate plans. Additionally, you may want to consider funding a life insurance policy for your children or grandchildren, to help provide them with financial security and protection as they prepare to meet life's challenges. |
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| The kids are gone, or on their way out. Chances are they aren't moving next door - more likely it's to other towns, other states or perhaps, across the country. Should a long term care need arise, it would be difficult to ask them to come back home. There may be other suitable options for you - ones that can help protect your assets and provide you with the financial and physical support you may need. |
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| As your family grows and evolves, you may find that changes also bring new opportunities. Mutual funds offer the benefits of professional management and asset diversification that may help your long-term financial goals keep up with your life changes. |
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| You've spent years focusing on your children's futures. Now that they're getting ready to move out on their own, you're ready to refocus on your own future - including your plans for retirement. |
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Now that your children are financially independent and off on their own, its time to review your plans for your own financial future. Tuition bills and extra expenses for cars, clothes and food are finally behind you. It's a good time to take a look at how you can use those freed up dollars to protect your current assets and prepare for retirement.
