The category, annuity is a very broad term that covers two different types of actual products. One is a security, the other is an insurance product. There are numerous differences, this article will explain the details. There are two completely separate categories of annuities, their difference is like apples and oranges. Variable Annuities: Variable [...]
When people think about saving and investing money the first question they ask: "What should I invest my money in?" To answer that question the following questions should be answered: What do I want the money to accomplish? You may need extra income to cover your monthly current expenses. Or to pay for a child's [...]
Most investors only consider the risk to their principal, which is why they favor Certificates of Deposit over non-FDIC insured investments for their most protected assets. The risk of lost buying power is a more complicated dynamic. The dollar value of principal stays the same, but year after year, a dollar buys less and less. [...]
Social Security is a great program, but knowing when and how to claim your benefits can determine how much you collect. Here are seven potential problems you need to consider so you can maximize your Social Security income. 1: Remarrying Before Age 60 If your spouse dies, you will be entitled, in most situations, to [...]
Avoiding probate can be tricky, but you might be able to successfully do it following these three straightforward ways. If you own stock certificates or have a brokerage account the ‘transfer on death’ option can be used to avoid probate. This option is often called the ‘Uniform Transfer on Death Securities Resignation.’ You can designate [...]
Almost all new annuity contracts provide an immediate benefit. Is it income? Is it safety? Is it freedom from market risk? The answer to those questions is yes! Plus more. That’s the nursing home waiver. Annuity contracts have a provision that allows annuity owners to access most or even all the funds in the event [...]
Zero coupon bonds are bonds that do not pay interest during the life of the bonds. Zero Coupon bonds are purchased at a discount and they will fund the face value at maturity. A portion of the funds at maturity will be accumulated interest (the discount) and the original amount of the purchase price of [...]
For centuries gold has been an asset that many have used as their basis for wealth. Ownership of gold also means you own a direct relationship to volatility. No other asset in the past hundred years has reflected volatility more than gold. If you are concerned at all about volatility, especially with your important retirement funds that must remain [...]
Since 2014 the number of Americans retiring has increases to 4 million annually, more than 10,000 a day. From 2014 to 2034, about 80 million seniors are expected to retire which will strain Social Security and Medicare systems with the potential to lead to increased reductions in benefits. Couple this increase in the retirement ranks [...]
Most people who choose to prepare advance directives do so to remove any doubt of their wishes in the event of a situation where they may be deemed unable to make decisions.
