Can you depend on company dividends for your retirement income? The definition of a dividend is payments made by a corporation or organization such as a mutual life insurance company to its shareholder members. It is the portion of corporate profits paid out to stockholders for their investment in the company. Dividends are taxable [...]
In September 2020, the Federal Reserve ended its two-day policy meeting by announcing its intention of keeping interest rates at their current all-time lows until 2023. Since 70% of the American economy relies on consumption, the Fed's commitment to low-interest rates is part of an effort to push Americans away from saving and into spending. [...]
Years ago the state insurance regulators made annuity companies change their rules when they were in a position to make “windfall” profits. Much like the gas and oil boom in the 1980s, already producing oil wells could make substantially more from the same well, so the federal government imposed the “windfall” profits oil tax act.
Is guaranteed income important to you? You might consider selecting an annuity for your retirement income. Are you considering an annuity? Not sure exactly what to do, which policy to buy, what benefits to ask for or do you even know what to ask? Annuities can seem to be very confusing when they are rather [...]
“My mother is sixty-seven-years old and has saved up a half-million dollars in a bank account earning about 1% interest. Obviously, not a very good interest rate. She wasn’t sure what to do to earn more money on her money. Her house was paid off as well as her car. She had been thrifty her entire life, but still felt like she was making a mistake keeping her money in a normal bank account. I want to find a way to help her.”