How safe is your fixed indexed annuity? Should you trust a fixed indexed annuity with your important retirement funds? What happens if an insurance company were to fail? These and other questions are vitally important and the answers may surprise you.
Buying a US Treasury EE Bond can be a great idea if you want your funds held long term and have no need for the funds prior to their 20 year maturity. EE Bonds offer fixed interest rates for the life of the bond. The maturity period for EE Bonds is 20 years, if you redeem the bond in the first 5 years of ownership, there is a penalty affixed. EE Bonds offer safety, market yield and tax deferred interest compounding.
Typically Brokered CDs are long term commitments. A Brokered CD could have a term of 10 or 20 years. The value of the Brokered CD is set for the time duration offered by the bank. But the actual value of the Brokered CD changes daily based on general interest rates available to the consumer. In many ways Brokered CDs are the same as a bond, the bond will pay a specified interest rate for a specified time periods but if the bond is sold prior to maturity, the actual amount received by the bond owner may be higher or lower than the face value.
We all know that the Federal Deposit Insurance Corporation insures our bank deposits. They are safe, and they are guaranteed. We, as a nation, depend on these guarantees as to the financial backbone of our monetary system. Have you ever wondered what is not insured? Investments in stocks, bonds, mutual funds, municipal bonds or [...]
Being on Wall Street means being in The Old Boy's Club I have always wondered what it might be like to be an insider at Wall Street, to be able to know secrets before others, to have a head start in trends and events. I am not talking about "insider" information. I am speaking about [...]
Is your retirement account acting like a YoYo? With the nightly news comes the report on the day’s happenings in our national stock markets. Every day brings what has happened to America’s investments. The movement in the market affects more than 50% of America’s retirement funds. Some days it increases, and some days it decreases. [...]
I can remember the first company I worked for, a national airline. It was 1966, and I was a freshman in college. I loaded airplanes with bags, handled air freight, and waited on passengers. I loved my first job and I loved the company. To see them now is an exercise in disgust; the airline [...]
Use Legacy Arbitrage to extend benefits to heirs Definition of 'Arbitrage' from Investopedia "The simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as [...]
For several years I worked as a volunteer for the local food bank. It supplied those in need with weekly baskets of food and other necessities of life. It was very special to help, and I have numerous memories of that time. I met many people who wanted nothing more than to be of help [...]
I remember when our church in Emmett Idaho finally was able to retire the mortgage. Our parish had a pot luck dinner; several parish members spoke, including my mother, and then a ceremony to burn the mortgage. I was 11 years old then and knew nothing of money or a mortgage; what I do remember [...]