Dipping into retirement funds to cover a child’s tuition payment might seem like a consequence-free solution but it’s not. Reducing an account balance could mean missing out on compound returns and the resultant gains over time. Tash Elwyn, president of the Private Client Group at Raymond James puts it like this: It’s easier to borrow money for college than it is for a retiree to borrow for retirement.
Most of the rest of the country looks good. But what happened to Idaho?
Sun Life Financial, CUNA Mutual and NorthStar Life also have announcements.
Forty-five percent said they were willing to give up some potential gains in exchange for loss protection, the insurer found in a survey.
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