CPM Investment Group Blog

By Shelvy Convert August 8, 2022
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By Shelvy Convert August 8, 2022
Evaluating and comparing life insurance policies is complicated. After determining how much life insurance you need, you must decide what type of life insurance to buy. Should you buy term insurance? A whole life policy? A flexible insurance product such as universal life? Or, if you already own a life insurance policy, you may think about replacing it from time to time. How can you be sure that the policy you own is better than another one? When comparing life insurance alternatives, you want to find the policy that’s best for you and one that will match your protection-planning philosophy. You may be buying a life insurance policy mainly for its protection value, or you may be interested in life insurance as an investment.
By Shelvy Convert August 8, 2022
When you’re in your 20s, retirement seems so far off that it hardly feels real at all. In fact, it’s one of the most common excuses people make to justify not saving for retirement. If that describes you, think of these savings, instead, as wealth accumulation. Anyone nearing retirement age will tell you the years slip by, and building a sizable nest egg becomes more difficult if you don’t start early. You'll also probably acquire other expenses you may not have yet, such as a mortgage and a family. You may not earn a lot of money as you begin your career, but there’s one thing you have more of than richer, older folks: time. With time on your side, saving for retirement becomes a much more pleasant—and exciting—prospect. You’re probably still paying off your student loans, but even a small amount saved for retirement can make a huge difference in your future. We’ll walk through why your 20s are the perfect time to start saving for those post-work years.
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