​Is retirement quickly approaching? It’s a big milestone for many Americans. It’s your time to finally take control of your schedule and spend your time the way you wish.

While retirement should be a happy time, it can also be a challenging transition for some. Some retirees find that they miss having the challenge that comes with a busy career. Others may feel that they lack purpose or direction. And some simply have trouble adjusting to a wide open schedule every day.

​It’s National Financial Literacy Month. The goal is for financial institutions and organizations to educate Americans on some important but often overlooked financial issues. Often, the key to a successful financial future is in minimizing risks and threats. One of the most dangerous financial threats any family faces is the unexpected death of a parent.
 
Despite the threat posed by death, studies show that many households have little or no life insurance protection. A 2015 study from Bankrate found that only 60 percent of Americans had life insurance, and half of those had less coverage than they needed. Among families with children, 37 percent had no life insurance protection, while 32 percent had less than $100,000 in coverage.1