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Annuities

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.

What to Consider When Offered a Severance Package

Don McNay | Posted 07.28.2011 | Business
Don McNay

Economic decisions shouldn't be ignored. Some severance packages are lucrative and offered on a one time basis. Financial considerations are one part of the package, not the whole package.

A Different Look at Life Insurance

Don McNay | Posted 07.14.2011 | Business
Don McNay

Why give your family a lump sum and have them blow it? Most insurance policies have options to pay out over time, but few people use them. It limits them to the terms of the insurance company. Thus, I came up with a simple system.

A 60 Second Explaination of Immediate Annuities

Don McNay | Posted 05.25.2011 | Business
Don McNay

2010-12-22-pizzamoney.jpgYour relationship with your money compares to a dieters relationship to food.

Third World America: Is Living a Normal Life a Political Statement?

Don McNay | Posted 05.25.2011 | Impact
Don McNay

America is going through economic chaos. But a lot of other things are going on, too. There aren't enough of us living normal, stable lives.

Why Term Limits Don't Work

Don McNay | Posted 05.25.2011 | Politics
Don McNay

Like much of America, I'm down on professional politicians. I'm tired of people getting in office to line their pockets, suck up to lobbyists and constantly run for re-election.

Things to Consider When Taking a Buyout or Severance Package (Video)

Don McNay | Posted 05.25.2011 | Business
Don McNay

I've found that people leaving old line companies, even with a severance package, were more bitter than those where companies treated employees like interchangeable parts.

When to Take a Severance Package

Don McNay | Posted 05.25.2011 | Business
Don McNay

Companies offering severance packages have generally sold the concept of lifetime employment concept. They are not places that fire employees without warning.

"Can't-Lose" Business Investments

Don McNay | Posted 05.25.2011 | Business
Don McNay

"Funny how falling feels like flying, for a little while." - Academy Award Winner Jeff Bridges in Crazy Heart I've been making the final edits on ...

Renegade and Dreams of My Absent Father

Don McNay | Posted 05.25.2011 | Media
Don McNay

Obama's election was not only a door opener for people of color. It also showed that people with absent dads, or no dad at all, can grow up and live in the White House.

Powerball Jack and the Wall Street Bailout

Don McNay | Posted 05.25.2011 | Business
Don McNay

If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.