Even the best experts can’t predict how certain investments will perform or the income that you’ll see from them.
Nevertheless, you might need a set amount of money each month to pay non-discretionary expenses like mortgage payments, auto loans, and life insurance premiums. Frequently these monthly outlays are fixed for a number of years.
To pay these [...]
Do You Like Fixed Annuities But Don’t Like Short-Term Rates?
Fixed annuities can be popular among seniors. They are easy to buy, you know exactly how long you must tie up your money, and the IRS will let you defer the income tax on the earnings. But one point that may have stopped you from investing [...]
Do You Want to Give Your Grandchild a Head Start on Retirement?
If you are already retired, there’s a good chance that you receive Social Security. The likelihood that this stream of income will continue for the rest of your life, at least in some form, is probably pretty good. But what about your grandchildren?
According to [...]
Safety is a relative term because what is safe to one person is risky to another. For instance you may consider a U.S. Treasury bond one of the safest investments since it is backed by our government. But a true skeptic might say, “Suppose the U.S. government went belly-up? The bond could then be worthless.” [...]
Rebates, longer-term financing, and other temptations are often used by automakers to get you to buy or lease a new car. But these complications obfuscate how much you really pay in financing costs. Along a similar line, fixed annuity companies frequently have incentives to reward you for investing. One of the most widely used is [...]
Do you want to be a dependent senior citizen?
You likely are according to this conclusion by the Economic Policy Institute, “For the typical person approaching retirement, the value of expected future Social Security retirement benefits represents the largest single source of wealth.” While this may be true, it’s a situation you don’t want to be [...]
What does it mean?
Put simply, to annuitize is to start taking payments from an insurance annuity that may have been accumulating for some time. Specifically, you “trade” the accumulated annuity balance for a stream of payments over a specific term of years or life (a life annuity).
An annuity, a policy that is paid into either by lump [...]
Did you invest in an equity indexed annuity a few years back? If you bought it seven years ago, the maturity date may be approaching fast, and you might only have a small window of time to decide whether to renew the annuity or place your money elsewhere.
If you look at what has happened to annuity [...]
One popular benefit of a fixed annuity is that you can let the interest in the account compound each year without paying income taxes. This allows your money to possibly grow faster as compared to fully taxable investments that pay similar, before-tax returns. When you start making withdrawals, the percentage of income that is taxable [...]
Do you own an IRA, hold a Keogh, or still have assets in a qualified retirement plan that was offered by a previous employer? Then perhaps now you have to think about the best way to withdraw the funds, as the IRS requires at age 70½, while making sure that you don’t outlive your income.
One [...]
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