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Annuity

5 Tips to Avoid Outliving Your Retirement Savings

Laura Adams | Posted 07.01.2015 | 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

PaladinRegistry.com | Posted 10.28.2014 | Money
PaladinRegistry.com

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...

Are You Draining Your Nest Egg to Stay Afloat on an Underwater Mortgage?

Natalie Pace | Posted 08.27.2011 | Business
Natalie Pace

If you are one of those seriously delinquent homeowners, or one who is draining your nest egg or tapping home equity to make the mortgage payments, is there a way to hang on long enough?

The Dangers Of Getting Rich In Your Divorce

Natalie Pace | Posted 08.27.2011 | Divorce
Natalie Pace

In most marriages, there's one partner who pays the bills and invests and another who doesn't. So, what do you do when our money becomes your money a...

The Only Thing Worse Than a Nearly Empty Nest Egg Is a Ripped-Off One

Jane White | Posted 05.25.2011 | Business
Jane White

Once the stock market starts sizzling again and Boomers may be deluded into thinking they can retire, there's not much that will stop a broker or insurance salesperson from turning their inadequate 401(k) balance into an annuity.

From Changing Diapers to Buying Your Own Island

Natalie Pace | Posted 05.25.2011 | Divorce
Natalie Pace

When I first divorced, I, like most people, was overwhelmed with financial crises. With two houses to support (my ex's and mine), our expenses had do...

Financial Fitness and Physical Fitness

Don McNay | Posted 05.25.2011 | Business
Don McNay

Most of us want to be physically fit, but very few of us are. The same holds true with financial security. As my father (and many others) used to say, "A lot of people want to go to heaven but no one wants to die to get there."

Help Mom Get Her Finances on Track

Jason Alderman | Posted 11.17.2011 | Healthy Living
Jason Alderman

Mother's Day provides the perfect opportunity to celebrate your love and appreciation for the moms in your life. So buy flowers or whatever your custom is. Bu have a "reality check" conversation about personal finances too.

Tearing Up the Lotto Ticket

Don McNay | Posted 05.25.2011 | Business
Don McNay

Almost all of us have our own "lotto moment." We make decisions about money that will either give us long term security and happiness or bring on pain and regret.