If you’re like many of us, you’ve been on a wild ride in the markets this year, and you may have seen your 401(k) account balance decrease, maybe substantially. This can obviously be very scary, especially if you’re near your retirement years. Fortunately, there are things you can do to shore up your retirement funds […]
What To Do If Your 401k Is Losing Money Read More »
Annuities are an investment that many consider, especially during retirement. One of the reasons people choose it is because it is a low-risk vehicle. However, the common question asked is if it receives favorable tax treatment compared to others. Do you get fewer taxes or keep profits up to a particular limit without taxes? A
Do Annuities Receive Favorable Tax Treatment? Read More »
It’s no secret that in today’s marketplace, annuities are evolving. Most notably, there has been a massive shift from the traditional, qualified type of annuity to a more appealing, non-qualified variety. While this evolution is certainly integral to the current state of annuities, many investors are still wary to jump on board this trend. If
Non-Qualified Annuities (Everything You Need to Know) Read More »
It’s always a good idea to purchase a life insurance policy to ensure that your family is set financially in the event of your retirement or death. But, with all the different life insurance policies on the market, it can be difficult to know which one is right for you. It can get confusing trying
IUL vs Whole Life Insurance: What’s the Difference? Read More »
For a financially secure retirement, it is prudent to have a plan early. By diverting part of your paycheck into a tax-advantaged retirement savings plan, you can grow your wealth exponentially to cater to you and your loved ones. Both employed and self-employed folks can invest in a retirement savings plan. Yet, according to this
Most people are aware that they should start putting aside money for retirement, but many hold it off because of the complexity of the task and the sheer number of investment options. However, the reality is that most people can’t count solely on social security benefits to fund a comfortable retirement, making it more important
IUL vs Roth IRA: What’s the Difference? Read More »
Annuity vs 401k, always part of the topic of conversation with retirement. These are two separate ways to ensure you get income after you stop working. However, both operate differently, providing distinct advantages. Knowing how they work is vital for your future. Here’s are the differences between an annuity and a 401k. The 401K The
Annuity vs 401k: What’s the Difference? Read More »
Since 2021, the world has been in hyperinflation, and there’s no sign that we’ll return to the regular rates that were present in the past decade any time soon. From an average of 2.2%, we’ve risen to over 8% in the last year alone, with some goods shooting higher in price than others. What does
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A single premium immediate annuity, or SPIA, is a type of annuity that offers the annuitant a guaranteed stream of income. It is a contractual arrangement between the annuitant and an insurance company that can immediately take effect following a lump-sum payment. Annuitants can receive regular payments as soon as 30 days following the purchase
What Is a Single Premium Immediate Annuity (SPIA)? Read More »
It’s never too early to start planning your future, especially when nearing retirement. One of the most significant decisions you will have to make is what to do with your hard-earned savings, but your money over the years may not be enough to last throughout your retirement. That’s why it’s always an excellent option to
What is the Best Type of Annuity Read More »
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