The idea of a 401(k) created by Congress was and is a beautiful idea. What is not attractive about them is the method in which they are managed. Managed by Wall Street. In congress’s favor, the idea was brilliant; they merely forgot one small detail. Where there are over a trillion dollars, there will be [...]
Don't let fees and expenses erode your retirement account Last week I met with a couple (I’ll call Bill and Mary) planning to retire in two years. Over their working careers, they had built up a nest egg of about $400,000. They are carefully taking steps to change their portfolio from an accumulation strategy to [...]
Variable annuities allow the owner considerable flexibility to invest annuity premiums in any way they see fit. The risks involved are the same as investments in stocks, bonds or mutual funds. The investor gets to keep the entire profit from gains and is liable to bear the loss for any decline in the price of invested holdings.