Schoolteacher should try to go for 401(k) equivalent: Given the rate of return on account, putting money into annuity to borrow against is a poor choiceBruce Williams
You may not have enough non-retirement funds to buy an annuity outside your 401(k). For these reasons, it becomes logical to tap a 401(k) to buy an annuity. It’s also logical to use the money you’ve specifically set aside for retirement, rather than some other pot of savings, ...
Fixed annuity rates usually pay more than bank CDs, although you’ll have to lock up your money for 3-5 years to get it. Last year I had a client that wanted absolutely nothing to do with the market and wanted a guaranteed return. CDs were paying nothing and the best rate I...
Annuities can also be fixedor variable. In afixed annuity, the insurance company pays a specified rate of return on the investor’s money. In avariable annuity, the insurer invests the money in a portfolio of mutual funds, or “subaccounts,” chosen by the investor, and the return will f...
How much will I earn in my lifetime? What are the tax advantages of an annuity? How long will my current life insurance proceeds last? What is the future value of an annuity? Which is better, comprehensive plan or high-deductible plan with HSA? Compare a taxable investment to a tax-def...
In short, if you are looking for an investment with as little risk as possible from an entity with reliable credit and a legal obligation to return your money, government bonds are the way to go. You may not make much profit, depending on the duration of the bond, but you are also un...
Most people are pretty feckless when offered a job that pays next to nothing and I would say that individuals and companies with large amounts of money in the bank, banks that are not lending are also feckless. They where less feckless however when easy money was to be had from the ...
In summary my case is this: we can’t categorically say a home is an asset as it loses money. Whilst it’s a big expense, it’s hard to put a real number on it. Any number we do conjure up is contingent on a future star-crossed home we’re in love with making it rain in ou...
The bottom line is, “money is the key to everything. I hate to say it that way, because medical care and compassion are a part of it, but it’s lower on the totem pole,” she says of the problem of financing assisted living in America. It seems that if you have the money, you...
Got a question about investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write to me at beth.pinsker@marketwatch.com. Please put “Fix My Portfolio” in the subject line. Dear Fix My Port...