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How Covid-19 changed retirement planning

How Covid-19 changed retirement planning When to claim Social Security is the top question for new retirees. March 15, 2021 3 MINS The Covid-19 pandemic has affected many Americans’ concerns and plans for retirement. The pandemic’s impact has been uneven, with some workers enjoying the newfound freedom of working from home, allowing them to extend their careers without the dreaded commute, while others have lost their jobs or decided to take early retirement as a result of health concerns. “The  economic fallout from the pandemic may create substantial uncertainty about financing retirement that could trigger Americans to work longer or rethink retirement altogether,” according to a new report from the National Institute on Retirement Security.

3 Reasons Why This Is a Retiree s Dream Stock

Wealthier clients saving in 401(k)s may fall into tax trap

Wealthier clients saving in 401(k)s may fall into tax trap Too much money in tax-deferred retirement accounts could undermine clients financial plans if taxes rise in the future to pay for today’s exploding government spending. March 1, 2021 4 MINS While many Americans worry that they won’t be able to save enough for retirement, some financial advisers are concerned that their wealthier clients are saving too much in the wrong type of retirement account. Over the past few weeks, several new studies and surveys have documented growing concerns over a looming retirement crisis, partially tied to the Covid-19 pandemic and subsequent economic slowdown.

How Bajaj Allianz Life s agency channel revved up to face pandemic woes

How Bajaj Allianz Life’s agency channel revved up to face pandemic woes January 31, 2021 Sameer Joshi, Chief Agency Officer, Bajaj Allianz Life Insurance,× Agency channel grew 23 per cent in December 2020, says Chief Agency Officer Joshi A strong show by its agency channel in December 2020 has raised the confidence of Bajaj Allianz Life Insurance over meeting its last fiscal year performance despite the Covid-induced lockdown challenges impacting business during 2020-21, a top official said. In December 2020, the agency channel recorded 23 per cent growth in Rated New Business at ₹131 crore as compared to ₹107 crore in same month in previous year. This is even as there was de-growth of about 12 per cent in the agency channel’s contribution during April - December 2020. In terms of the number of policies, there was a year-on-year growth of 10 per cent for the agency channel in December 2020, largely due to increased demand for term policies.

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