Merrill Lynch Study Finds Boomers’ Generosity Toward Family Members Runs Deep During Times Of Need
NEW YORK--(BUSINESS WIRE)--During the last five years, three out of five (62 percent) Americans age 50 and older have provided financial assistance to members of their family, including adult children, parents, grandchildren, siblings or other relatives, according to a new Merrill Lynch study. This is a reminder of the generosity that runs through our culture, and of the importance people place ... Read News
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Longevity insurance is a form of annuity that defers commencement of the payments until very late in life. A common longevity contract would be purchased at or before retirement but would not commence payments until 20 often $100,000, but as high as $500,000 in New York , New Jersey ... Read Article
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