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The Difference Between an Annuity and Structured Settlement

AJ Agrawal | Posted 08.12.2016 | Weird News
AJ Agrawal

The annuity and the structured settlement are two legal mechanisms used to pay out money to a person. There's a big difference between the two, though...

Why Retirees Should Consider Indexed Annuities

Carlos Dias Jr. | Posted 03.22.2017 | 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 01.26.2017 | 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...

Life Annuities and HECM Reverse Mortgages as Tools For Protecting Retirees

Jack M. Guttentag | Posted 01.20.2017 | Business
Jack M. Guttentag

My article last week ("How Retirees Can Avoid Running Out of Money: The Role of Longevity Annuities") discussed the longevity annuity as a tool for protecting retirees heavily dependent on a stock of financial assets against the risk of running out of money.

How Retirees Can Avoid Running Out of Money: The Role of Longevity Annuities

Jack M. Guttentag | Posted 01.11.2017 | Money
Jack M. Guttentag

Retirees are becoming a larger part of the population while their capacity to fund retirement comfortably has been declining.

Annuities and Castles

Ken Weber | Posted 11.25.2016 | 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 09.23.2016 | 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.

5 Tips to Avoid Outliving Your Retirement Savings

Laura Adams | Posted 07.01.2016 | Fifty
Laura Adams

Having a comfortable retirement is possible, but only if you adopt a long-term view, understand how to use the best savings vehicles, and plan ahead.

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.

Helping a Person Live Like They Were Dying

Don McNay | Posted 03.06.2015 | Business
Don McNay

Lori sought a medical solution to help her lose weight and the solution caused her body to die. I've been fortunate that my weight loss surgery has been a success in its first month and that maybe the medical world has found a solution that works for people like me. The attempt with diet pills was definitely not the answer.

How to Manage Your Healthcare Costs in Retirement

Laura Adams | Posted 12.29.2014 | Money
Laura Adams

In retirement, you may encounter expanding healthcare needs or even experience a life-changing disability. When trying to cover these health costs, you may realize that health insurance and Medicare fall short when it comes to providing ongoing, long-term care.

Debtor's Prisons in Kentucky and Other Horrors of the Justice System

Don McNay | Posted 12.13.2014 | Crime
Don McNay

What is going on in Kentucky is apparently going on in various pockets of the nation. It has to stop because it is wrong. It also has to stop unless the rulings of the Supreme Court mean nothing to people charged with upholding them.

What You Should Know About Variable Annuities | Posted 10.28.2014 | Money

A variable annuity is a mutual fund-type investment contract between the investor and an insurance company, under which the insurer agrees to make periodic payments to the investor, beginning either immediately or at some future date. So how do they work?

Don't Dump That Annuity

Terry Savage | Posted 10.21.2014 | Money
Terry Savage

Millions of people purchased annuities over the past decade -- and now they are trying to figure out what to do with them. Many purchased variable an...

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.

Angry Variable Annuity Owners Seek Restitution

Chris Wang | Posted 03.15.2014 | Money
Chris Wang

If you are considering buying an annuity, it is important to take your time to understand exactly what you are buying and know it will meet your needs.

Retirement Accounts: Should You Fear the Eventual Tax Bill?

Women & Co | Posted 07.29.2013 | Business
Women & Co

Some people are reluctant to fund Individual Retirement Accounts and 401(k) plans, fearing they are setting themselves up for big tax bills in retirement.

Beware of 20 Percent Returns: 5 Ways to Separate Superior Performance from Salesmanship

Natalie Pace | Posted 07.29.2013 | Business
Natalie Pace

If you lose 50 percent of your nest egg and then earn back 20 percent annually, you'll still be down almost 15 percent because it takes twice as long to crawl back to even when you lose that much money.

Put Your Money in an Immediate Annuity Instead of a Lump Sum

Don McNay | Posted 02.16.2013 | Money
Don McNay

Taking money over time is a tenet of my faith. I believe in God, the Cincinnati Reds and not taking money in a lump sum.

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.

When Do You Stop Taking Financial Risks?

Don McNay | Posted 11.23.2012 | Money
Don McNay

I knew of a woman who was always trying to meet a guy driving a new Mercedes. She should have been looking for someone who drives a 10-year-old Toyota. The Toyota driver is more likely to have real wealth in the long run.

Why Is the Obama Administration Enabling Retirement Rip-offs?

Jane White | Posted 12.12.2011 | Politics
Jane White

Rather than requiring employers to make 401(k) plans as generous as pensions, the Obama Administration appears to be duping older workers into thinking they are ready and simply need a product that will stretch their puny nest egg over a lifetime.

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.

Annuities 101

Jason Alderman | Posted 09.25.2011 | Business
Jason Alderman

With so many types of annuities offered -- and a complex array of rules, fees and restrictions -- it's not uncommon for investors to buy products that aren't ideally suited to their needs.

Are You Staying Together For the House?

Natalie Pace | Posted 08.29.2011 | Divorce
Natalie Pace

Some couples stay together for love, and others stay together for the kids. But today, with unemployment at 9.1% and real estate prices continuing to...