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You Can’t Borrow Your Way Out of Debt

November 26, 2018

We live in an age where you want things now and pay for them later. Sure, you may think that promotion is going to come through with a pay raise, or the nice bonus, but human nature is you will…

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Mіѕtаkеѕ іn Sеllіng Struсturеd Sеttlеmеntѕ

The 3 Critical Mіѕtаkеѕ Made Selling Structured Sеttlеmеntѕ

October 27, 2018

Whеn реорlе аrе ѕеllіng thеіr ѕtruсturеd ѕеttlеmеntѕ, thеrе аrе ѕоmе соmmоn mіѕtаkеѕ thаt thеу mаkе. Thеѕе аrе еxрlаіnеd bеlоw, аnd wіll hеlр tо kеер уоu frоm mаkіng thеm. Nоt knоwіng whаt thеу nееd fіnаnсіаllу It’ѕ а соmmоn mіѕсоnсерtіоn thаt whеn…

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Should I Worry About Social Security

September 21, 2018

You will get a Social Security check when you retire. If you doubt me, look around and count the votes. How many among us would vote to abolish Social Security’s safety net? What would be the future of any politician…

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Have You Accidentally Left Your Spouse Without the Annuity Benefits He or She Expects

September 19, 2018

Many a married couple is going to be in for a surprise. When one of you dies, the annuity may not behave the way you think. These contracts are complicated, with lots of moving parts. Unless you buy right—and title…

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switch-annuity

If You Already Have an Annuity‚ Should You Switch to a New One

September 17, 2018

Yes, if you’re in a fixed-rate annuity and the insurer is stiffing you with a truly rotten rate—say, 3 percent in a 4.5 percent world. Switch to a CD-type annuity instead. Yes, if you’re in a high-cost variable annuity and…

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If You Inherit an Annuity‚ How Are You Taxed

September 14, 2018

If you inherit a tax-deferred annuity from your spouse, you have all the same withdrawal options that your spouse would have had. You can keep the annuity, switch to another one (in a tax-free exchange), or take the money out…

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The Low-Load Annuity Advantage

September 12, 2018

If you think you are a candidate for an annuity, go low-load. Their costs are small, compared with the rest of the products on the market, and you can take out your money whenever you want, without paying a penalty.…

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variable annuities risky

Variable Annuities - Bad Buys on Their Own‚ Risky with Income Guarantees

September 10, 2018

On the surface, variable annuities (VAs) seem heaven-sent to anyone who buys mutual funds. You generally start the annuity with $10,000 or $15,000, depending on the company. That money is invested in mutual funds—subaccounts, in an annuity, speak—and accumulate tax-deferred.…

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Equity-Indexed Annuities – An Investment to Avoid!

September 7, 2018

Run, run, run from the investments known as equity-indexed annuities (EIA). All too often, they’re sold deceptively, to people who don’t understand how they work, by salespeople who are making a killing in commissions. Attorney generals in several states have…

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How to Lower the Risk of Getting a Poor Fixed Annuity

September 3, 2018

It is recommended that you buy only CD-like, multiyear annuities that pay a fixed rate over a specified period of time. This is because you know exactly what you’re getting. At the end of the term, the insurance company has…

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