You need the "ya gotta' plan when it comes to planning for your retirement.
What kind of investor are you? A Bull, Bear, Pig, Chicken or something else...
People have common goals they want to their retirement money to accomplish. This article explains the three things nearly every person saving for retirement wants.
The number one reason that people purchase an annuity in the first place is income protection, protection from living too long. Think of it as an insurance to protect you from outliving your assets. It is not uncommon, and it is becoming more common, for people to outlive their retirement funds, people are living longer. For many people, it just makes solid sense. With the purchase of an annuity come contractual benefits known as settlement options.
Fixed annuities are issued by insurance companies and offer interest for a specific time period (other benefits also). Variable annuities are securities sold by licensed security brokers, their products (variable annuities) have fees at several layers.
The FDIC was created in 1933 to add stability to the failing banking industry. The concept was simple: provide guarantees for funds on deposits in member banks. Stability was necessary for the country to crawl itself out of the Great Depression. Since its inception, the FDIC and its guarantees have allowed the United States to prosper and gain confidence.
Endowment Annuitie have been been replaced by modern day annuities.. this article explains the evolution of the annuity.
Reduce stress by creating a simply financial plan.
An old man is somebody that runs out of money. An elderly gentlemen is a man that doesn't. Which do you want to be?