Did you DO something? Make a bad choice? A poor Decision? Surely you did SOMETHING to cause your mutual funds, stocks, or 401K to lose value! As I write this, the market has dropped over 1000 points. Why? Something out of our control happened: the Corona Virus became a pandemic. You didn’t have anything to [...]
Annuities and Asset Protection: What you need to know! Joe Richmond (not his real name) followed every bit of advice his financial planner gave him. He paid himself first and accumulated a very nice emergency fund. He maxed out his employer-matched qualified plan, invested in income-producing assets, looked for any tax savings, and started a [...]
Asset Protection or Asset Speculation, which should you choose? After practicing in Safe Money for close to 30 years, one thing is true when it comes to those that are approaching or in retirement. The old fable, a bird in the hand is worth two in the bush. As Baby Boomers grapple with the forces [...]
With current bankruptcy laws making it more difficult to qualify for debt relief on still available avenue could be the use of an annuity. In some states the income from an annuity payment is protected from creditors. Each state is different and many states have had these laws come under fire because of lawsuits. It is important to always ask for legal and tax advice when considering using an annuity as a protected asset.