Do you have a winning strategy when it comes to retirement planning? When the stock market keeps climbing and climbing, all you have to worry about is which stock will bring you higher returns. But then, somewhere around the curve, lies rough weather. The market starts fluctuating, and every expert has a different opinion [...]
Planning for retirement requires understanding of your present situation and a focus on your goals. Mistakes are easily made and corrections are always necessary in order to meet the needed requirements for retirement. Below are 10 tips that could help you stay on track and to meet your goals. [...]
Having weathered the economic crisis in 2008 with most of their value intact, fixed rate annuities have become the standard for retirement savings. Variable annuities, on the other hand, try to accomplish more than that. Higher Risk investments may generate more income for the annuity holder, but this income can be reduced by the fees charged for maintenance of these accounts. In addition, if the market loses money, your account value decreases with it and fees still are charged on your variable annuity.