A term certain annuity is an insurance product that guarantees a periodic payment of a predetermined amount for a fixed term. Once the term has elapsed, these products are spent, and there will be no future payments, even if theannuitantis still alive. Should the annuity buyer die before the...
Charitable:A charitable trust fund can benefit a particular charity or the general public. This includes aCharitable Remainder Annuity Trust (CRAT)that pays a fixed amount each year. A Charitable Remainder Unitrust passes assets to a specified charity when the fund expires and gives the donor a c...
The saver's match has income limits, and those who earn above a certain threshold will not be eligible for it. As we approach 2027, it can be helpful to understand the following: What is the retirement saver’s match? How does the saver’s match work? How to get the saver’s m...
Can I Afford Long-Term Care Insurance? Assess the cost considerations of long-term care insurance for retirees and pre-retirees. Kate StalterDec. 20, 2024 12 Alternatives to Full-Time Retirement Ease into retirement at your own pace and in a way that aligns with your interests. ...
Fixed:Afixed annuityguarantees a minimum return on your investment and will pay out over a specified term. Variable:Avariable annuityinvests in various assets, including mutual funds, which offer the potential for higher returns. The annuity’s return and payout depends on the investments’ perform...
Annuity and interest payments If you're among the 93% of Americans who receive their pay cheques through direct deposit, there's a good chance it's being sent as an ACH transfer. If your pay cheque is automatically split and deposited into two or more accounts when you get paid, that'...
colour, religion or age, for example, it does not directly discriminate. However, as women are generally shorter than men, to restrict admission on the basis of height, does discriminate against women. Thelegalterm for this is indirect discrimination; implied discrimination is not a legal term....
In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities). Fixed income securities also carry inflation risk, liquidity risk...
1. Understand your long-term financial needs Semi-retirement can take on various forms, such as working reduced hours for an existing employer, transitioning to a money-making side gig like blogging, freelance writing, or consulting. While semi-retirement can provide more work-life equilibrium, un...
One key difference between a GRAT and an IDGT is that the GRAT is an annuity, which carries out principal on a periodic basis back to the grantor. There are some creative methods of structuring GRATs where the payments of principal is less in the early period of the GRAT term and larger...