First-time annuity buyers often ask this question: "If I change my mind can I cancel my annuity and get my money back?"A variation would be: "If I needed money for an emergency could I close my annuity and get
Close your eyes and just imagine it: Being debt free. For many people working today, that feels like an impossible dream to realize. Between having to take out loans for your education, getting a...
“Annuity I”What is wealth?See more… Products “Reverse Mortgages”Product is only for somebody who values staying in their home without regard of the impact of that decision on one’s estate. Usually a last resort option after all others exhausted. ...
s retirement plan. Once you start taking income from your accounts in retirement, income from your Roth IRA can ease your overall tax burden, helping to minimize your taxes. Additionally, if you don’t need income from the money that you’ve accumulated in your Roth I...
When it comes to taxes and the IRS, having peace of mind is crucial. One common concern among taxpayers is the fear of an IRS audit. The thought of being subjected to an audit can be overwhelming, especially if you’re unsure of how far back the IRS can go to review your financial ...
Roth IRA, where your distributions can be tax-free, and invest through an index so your growth will be based on a broader picture of the stock market. It is my opinion that, if you have a Roth IRA, it should be the place of last resort to withdraw money for ordinary living expenses...
After all these years of retirement modeling, I still don’t get very fancy when doing my own calculations. I model the basic factors that I can predict with some accuracy. Then I live frugally, maintain a healthy cushion to guard against the unknown, and don’t spend much time or effort...
You would probably have to have a variable annuity, a "wrap account" with a full service broker, or a financial planner charging a fee of 1% of assets in addition to your mutual fund management fees to reach an expense ratio of 2.50% or more. You'll also need to be very wealthy if...
I wouldn’t generally count on an inheritance to fund my baseline retirement expenses. After all, it’s somebody else’s money, and you need them to die on schedule to fulfill your plans. Both unsavory factors. That said, if you have a good relationship with your parents, if they are ...
can get a bit murky at this point: while conservatives have been critics of Social Security from the beginning, and liberals have been of a system that's put American retirements in fee-driven plans directing trillions to Wall Street, there are legitimate questions about how successful 401(k)...