A few decades ago, I was in the life insurance business, so I had an opportunity to see how they make the sausage. Annuities are products sold by sales representatives through life insurance companies. The product is often complicated and laden with both up-front and ongoing commissions, fees, and expenses. Annuities come in many varieties: […]
In this three-part series, I’ve discussed how to adjust your investment strategy depending on whether you are just getting started in your twenties and thirties or have made steady progress towards saving for retirement in your forties and fifties. Investing for the Ages: 20’s & 30’s Investing for the Ages: 40’s & 50’s If you […]
COVID has affected many areas of our lives, including our finances. In normal times, if you are age 72 or older, you’d be required to take a Required Minimum Distribution (RMD) from your IRA or other retirement accounts. Because of COVID, under the CARES Act, that requirement is waived for 2020. What this means for […]
Mostly COVID-19 has wreaked havoc on all of us but if you are the type of person always looking for the silver lining, here are three new financial options available to you: Required Minimum Distributions (RMDs) In response to COVID-19, congress passed a provision under the CARES Act that suspends the requirement that people age […]