annuity
I want to ask you a personal question. When was the last time you thought about your retirement? I’m not trying to put you on the spot or embarrass you. And, I’m certainly not trying to wig you out. But, in reality, we’re experiencing a retirement crisis. Before ganging up on Gen Z and Millennials, 17% of the 45 to 59 age brackets have nothing set aside for retirement. What about those over 60? Well, 12% of people in this demographic also lack a retirement cushion. Even if you do have a retirement plan, like a 401(k) from your employer or a self-employed option, such as a Solo 401(k) or SEP IR...
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Having basic financial skills is something they may not have taught you in school, yet it can mean the difference between prosperity and poverty and is essential in the modern world. Understanding the concepts and terms related to finance is essential in making informed decisions. With 2023 just around the corner, it’s important to understand the language of finance during these times of uncertainty so we can manage our financial matters and prepare for what lies ahead. Q3 2022 hedge fund letters, conferences and more Top 9 Financial Terms To KnowThe Consumer Price Index (CPI) measures the ave...
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Pop quiz. What springs to mind when you think of investing? You probably envision Wall Street and the frantic pace of the New York Stock Exchange floor. There are some of you who may visualize Fortune 500 ticker symbols. You could also think of the less exciting pie chart on your annual mutual fund report if you’re not much of a risk taker. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help ...
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When to annuitize an annuity is a question that many retirees and people saving for retirement face. After many years of saving and waiting to start reaping the benefits, you finally reach retirement age and wonder: should I annuitize now? In one year? In ten years? Does it make a difference? The answer is yes. Choosing the right time can be the difference between getting the most out of your annuity and leaving money on the table. In light of this, let’s dive into what factors to consider when deciding to annuitize, the pros and cons of annuitizing, and how to do it smartly to enjoy a nice, w...
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At one point or another, you get stung with an unexpected expense. Like you take your car to the mechanic for what you assume is a simple brake pad replacement. But, you become flabbergasted when the mechanic informs you that the entire brake line needs to be replaced. Of course, having an emergency fund in place would alleviate some of this pressure. But, what if you could be like Nostradamus and predict these types of expenses? Q1 2022 hedge fund letters, conferences and more Now, I’m not talking about recurring expenses that you at least have a ballpark figure on. These would be your mortga...
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We recently wrote a piece showing how much income you can expect to receive every month from different types of annuities, including fixed, immediate income annuities and deferred income annuities. While that post is very useful to get a general idea of how much income you stand to receive based on how much you invest and for how long, those numbers are no more than estimations because there are many variables involved in the calculations and those variables are unlikely to agree perfectly with what your issuer will ultimately offer. Q1 2022 hedge fund letters, conferences and more That’s why ...
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If you retire from your current employer, will you receive a monthly payment for life? If yes, then go ahead and do a little jig. This is a rare arrangement these days. Q1 2022 hedge fund letters, conferences and more Even if your company doesn’t offer such plans, you can still have your ownpension through an annuity that you fund yourself. In either case, when it comes to your retirement plan, you’ll have many choices to pick from. And, one of these annuity types will be a single-life annuity. What is a Single Annuity?A single-life annuity is similar to other annuities in that it guarantees a...
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Let’s be honest. The future is looking more and more uncertain. And, that can definitely impact your finances — especially if you have money tied up in the stock market. If there is a silver lining, if you’re an annuity owner, you probably can rest a little easier. For example, if the stock market crashes, and you own a fixed or indexed annuity, your money is safe. Q1 2022 hedge fund letters, conferences and more That may not be the case with variable annuities though. The reason? This type of annuity is tied to a registered index. So, it’s possible that you could lose some, if not all, of you...
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If you’re nearing retirement or are already retired, chances are you’ve considered purchasing an annuity. An annuity can provide a guaranteed stream of income for life, which can be appealing when you’re trying to plan for your financial future. But like any investment, there’s always the potential to lose money with an annuity. So what should you know before investing in one? Here’s a look at the potential risks of investing in an annuity and how to mitigate them. Q4 2021 hedge fund letters, conferences and more The risks of investing in an annuityIt may be odd to think you could lose money w...
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Are you employed by an educational institution, church, or nonprofit? If so, there’s a retirement savings program authorized by section 403(b) of the Internal Revenue Code that allows eligible employees to set aside up to virtually 100% of their income for retirement. Q4 2021 hedge fund letters, conferences and more What is a Tax-Sheltered Annuity?An annuity that’s considered tax-sheltered is a way for employees of tax-exempt organizations and the self-employed to generate retirement income with pretax dollars. In addition, by having the employer make direct contributions to the plan, an emplo...
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