One of the challenges I find as I get wiser—and I hate the fact that I keep saying that in these posts, because I’m like, damn, I don dey old o—is that I want to offer something meaningful to my kids. I don’t want them to have to wait until I’m in my 50s, 60s, or...
Which one's better? Does your 401K offer an annuity? Should your 401K offer an annuity? If your 401k doesn't offer an annuity, what do you do? You know what? I'm going to cover all of those topics, all of those questions in detail. Learn More Shootin’ It Straight with Stan® ...
Does your 401K offer an annuity? Should your 401K offer an annuity? If your 401k doesn't offer an annuity, what do you do? You know what? I'm going to cover all of those topics, all of those questions in detail. Learn More
Before we dive into the specifics of what happens to your life insurance when you leave your job, it’s important to have a clear understanding of how life insurance works. Life insurance is a financial tool designed to provide financial protection to your loved ones in the event of your d...
Life happens to everyone and everyone has a certain amount of shit they have to go through. Sorry to be blunt. And you don’t get to choose that. But what you do get to choose is the story that you tell yourself. Because it’s not what happens to you in life that defines your ha...
With a fixed immediate annuity you can set up a steady income stream that you will never outlive no matter what happens to interest rates or the stock market. The payments can be made for your lifetime, for both you and your spouse's lifetimes, for a limited period of time, or for ...
I plan to purchase a qualified immediate annuity using lump sum distributions from my company pension and my company 401k. I may also add money from savings, which has already been taxed. Would this need to be a separate, non-qualified annuity, or can the two sources of money be combined...
Some assets can bypass probate because beneficiaries have beeninitiated through contractual terms. Pension plans, life insurance proceeds,401k plans, medical savings accounts, and individual retirement accounts (IRA) that have designated beneficiaries will not need to be probated. Likewise, assets jointly...
A max contribution of $7,000 a year isn't going to get you to the promised land. If you are alreadymaxing out your 401K(pre-tax contribution up to $23,500 for 2025), and you are eligible for a Roth IRA maximum contribution for a single filer ($150,000 income or less), you prob...
Keep in mind that when interest rates are anticipated to increase soon, it is one of the worst periods to purchase bonds. This happens during and following a recession. Bonds may appear safe to investors, particularly when compared to the volatility of individual stocks. Still, once the economy...