401(k)s and IRAs:Like 401(k)s and traditional IRAs, some variable annuities (also known as qualified variable annuities) are funded with pre-tax dollars. While 401(k)s and IRAs can give you some income for life in some scenarios, Annuities are designed to help ensure you do not run o...
Understanding the regulation of the banking, securities, and insurance industries can be confusing. While most people will never deal directly with these agencies, they will affect their lives at some point. This is especially true of the Federal Reserve, which has a strong hand in influencing li...
Although the individual retirement account or IRA allows you to save for retirement in a tax sheltered account, the problem is that when you withdraw funds from this account at retirement it is taxable. The Roth IRA account forces you to have to pay taxes today on your initial contributions,...
Qualified retirement plans include 401(k) plans, individual retirement accounts (IRAs), 403(b) plans, and a few others. Traditional retirement plans allow you to take a tax deduction when you contribute, which reduces your current taxable income. The contributions to your retirement account are ...