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Annuities

Expand Social Security with Supplemental Annuities

James W. Russell | Posted 07.08.2016 | Politics
James W. Russell

With Hillary Clinton acquiescing to pressure from the Sanders campaign, the Democratic Party is uniting around calling for Social Security expansion. Exactly what expansion would include remains unclear though with many proposals circulating.

'Rise of the Robots' and the Success of Electronic Banking

Don McNay | Posted 04.25.2016 | Books
Don McNay

What is so gripping about Rise of the Robots is the unpredictability of the jobs being wiped out. Ford argues that nearly EVERY job or position can be ultimately eliminated by technology, especially as artificial intelligence improves.

Advantages of a Traditional IRA - Disadvantages of a Traditional IRA

PaladinRegistry.com | Posted 04.15.2016 | Fifty
PaladinRegistry.com

Traditional IRAs are a great investment vehicle for retirement for those who qualify to contribute to them (there are some limitations), and they have...

Why Retirees Should Consider Indexed Annuities

Carlos Dias Jr. | Posted 03.22.2016 | Business
Carlos Dias Jr.

Given their inverse relationship, when bond interest rates begin to climb, bond prices decrease in market value--as they have been for the last year e...

Shopping for an Annuity Online

Jack M. Guttentag | Posted 01.26.2016 | Business
Jack M. Guttentag

An investment in an annuity, possibly combined with a HECM reverse mortgage, can make a lot of sense to a retiree, as I noted in How Retirees Can Avoi...

Annuities and Castles

Ken Weber | Posted 11.25.2015 | Business
Ken Weber

Buying an annuity has always been a difficult exercise for the consumer. What Sen. Warren's report shows is that on top of the complexity, brokers selling annuities too often are presented with real and considerable incentives to push you into particular products.

What to Do When Divorce or Widowhood Puts You in Financial Control for the First Time

Michael Most | Posted 09.23.2015 | Money
Michael Most

Taking an accounting of liabilities and expenses -- ie. what's owed -- is an essential first step to taking full financial control. In the case of divorce, which spouse will continue to pay for certain expenses is typically decided in the settlement.

Stopping Structured Settlement Predators for Good This Time

Don McNay | Posted 09.02.2015 | Business
Don McNay

No matter how much you want to protect the privacy of someone receiving a structured settlement, someone else with a fancy computer or data mining program is going to find them and make them an offer to buy their payments.

Winning in a Race of Life, Death and Renewal

Don McNay | Posted 06.07.2016 | Business
Don McNay

June 5 was a big day for me. The Tuttle Tots 3K in Carrollton, Kentucky was the first time I had been in a running race in 26 years, and I came in second in my age division. The day before, I had a medical checkup that confirmed that I had lost over 90 pounds in the past six months.

Annuities, Experts and My Losing 90 Pounds

Don McNay | Posted 05.20.2016 | Business
Don McNay

I was in a coffee shop, having breakfast with my daughter, Angela Luhys, on a week when my weight loss had reached the 90 pound mark since November. While sharing this great milestone with Angela, the guy in the booth behind me was trying to sell an annuity.

Nonprofit Annuities: A Fix for the 401(k)

James W. Russell | Posted 06.05.2015 | Business
James W. Russell

With 401(k)-type plans, participants are supposed to build up savings through stock market investing during their working years that will then support them during their retirement years.

401(k)s Welcome Annuities

Jeff Rose | Posted 04.20.2015 | Money
Jeff Rose

Deferred income annuities go a long way toward solving the generally overlooked issue of how retirement plans provide income for retirees. You may find that it is exactly what you need to make sure you never outlive your money.

Life Insurance Advisor: Out of the Closet

Don McNay | Posted 11.13.2014 | Business
Don McNay

I've called myself other titles, masking that my income comes from the life insurance industry. There are multiple reasons why my lifetime occupation became a semi-hidden secret. The industry itself went through the same kind of identity crisis.

Why the Decrease in Unions and Defined Benefit Retirement Plans Hurts Us All

Don McNay | Posted 10.29.2014 | Business
Don McNay

Is there a correlation between the drop in unions and the drop in defined benefits plans? It certainly seems like it. As defined benefit plans are going away, so is the safety net for older Americans. Most bankruptcy filers are under age 54, but there is a steady rise in bankruptcies of people over age 55.

Longevity Annuities: Buying Peace of Mind

Terry Savage | Posted 09.20.2014 | Money
Terry Savage

The dread fear of retirement is living so long that you run out of money. Of course, there will be Social Security, but as many seniors are finding o...

Asking Tough Questions About Annuities

Jason Gordo | Posted 05.26.2014 | Money
Jason Gordo

After all, self-interest drives everybody's behavior to some extent. The problem, however, arises when a financial advisor's self-interest conflicts with yours.

Patience Is a Virtue: How to Make up to 76 Percent More in Retirement

Donna M. Butts | Posted 02.26.2014 | Money
Donna M. Butts

Co-authored by Virginia Reno Patience is a virtue. In the case of Social Security, it can also translate to a higher retirement benefit. Up to 7...

10 Things The SEC Wants You to Know About Variable Annuities

Andrew Wang | Posted 04.27.2014 | Money
Andrew Wang

Because different products have different features, it is important to read the prospectus for details including charges, investment choices, death benefits, payout options, and other features.

Winning the Jackpot -- A Matter of Life and Death

Don McNay | Posted 03.31.2014 | Money
Don McNay

It can be argued that Abraham Shakespeare, David Edwards and Amanda Clayton had little in common besides winning the lottery. Along with diverse geographic differences, they were very different people with very different problems. And they are all dead. Long before their average life expectancy.

Don't Let Bully Financial Advisors Take Advantage of You: 3 Questions to Ask Any Financial Professional

Tim Chen | Posted 01.23.2014 | Business
Tim Chen

Some financial advisors want the best for your budget; others are a little more disingenuous -- they'll bully their clients into buying products they don't need. If you suspect that an advisor is trying to get the better of you, don't let yourself be prodded or pushed in the wrong direction.

Shahien Nasiripour

Top Regulator Weighs Crackdown On Private-Equity Firms

HuffingtonPost.com | Shahien Nasiripour | Posted 05.07.2013 | Business

New York's top financial regulator is drafting new regulations designed to crack down on private-equity firms that own insurance companies, a move tha...

Is 401(k) Good for America?

Don McNay | Posted 03.12.2013 | Business
Don McNay

I've always encouraged people to put the maximum amount into a 401(k) plan. Few do. Many put in little or nothing at all. Now they are looking at a bleak retirement. Or no retirement at all.

One Way To Insure You Won't Outlive Your Money

Jim T. Miller | Posted 01.27.2013 | Fifty
Jim T. Miller

What can you tell me about longevity annuities? I come from a family with long life expectancies and I would like to protect myself from running out of money in my old age.

Suze Orman Advises Huff/Post50 Readers

Posted 01.11.2012 | Fifty

Financial expert Suze Orman visited AOL Studios in New York this week. She offered financial advice for Huff/Post 50 readers, counseling one couple ab...

Getting Rich Slowly

Don McNay | Posted 10.12.2011 | Business
Don McNay

Because the money is harder to access, people who take structured settlements are more likely to "get rich slowly" than my professional clients who can cash in a mutual fund or stock whenever they want.