Author: neashaminsuranceagency-com

It’s striking how, for many millennials, the fear of running out of money can feel even more daunting than thoughts of mortality itself. In my 30+ years at Neasham Insurance Agency, I’ve seen firsthand how these concerns can shape financial decisions. Experts recommend a few key strategies: consider delaying Social Security until age 70, diversify your investments, create a solid budget that includes emergency savings, and aim to save 20-25% of your income. Leveraging tax-advantaged accounts can also help your money work harder for you. Having spent decades specializing in annuities and universal life, I know that building a thoughtful, diversified plan is essential to growing and protecting your financial future. www.neashaminsuranceagency.com

An index fund is a mutual fund or ETF that tracks a financial benchmark by holding most of its components proportionally. It requires no active management, resulting in low expense ratios. Index funds often outperform actively managed funds over time. To invest, choose an index, select a low-cost fund tracking it, and buy shares via a brokerage. They offer diversification across stocks, bonds, sectors, and can be held in tax-advantaged accounts.