Category: Annuities
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Beyond 401(k) & Roth IRAs
The maximum you can contribute to your 401(k) is $15,000 and the maximum you can contribute to a Roth IRA is $4,000 – so where should you put your money afterwards? Well, my personal opinion is that if you’re able to save $19,000 towards retirement and are still eligible to contribute to a Roth IRA…
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Making Your Nest Egg Last
Lump sum illusion, a term used by Olivia Mitchell, University of Pennsylvania insurance professor and executive director of the Pension Research Council; is when someone on the cusp of retirement gets when they look at their 401(k) or pension fund and sees all those zeroes. While it’s nice to have a large nest egg, one…
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Understanding Fixed Income & Variable Income Annuities
A lifetime income annuity, also called a payout or immediate annuity, is an income annuity that pays you out a dollar amount each month for as long as you live. The lifetime income annuity comes in two flavors – fixed and variable. With fixed income annuity, you get a set income each month that does…
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Avoid Equity Index, IRA Rollover, and Swapping Annuities
Annuities are very very complicated creatures in the investment world but break down into three major categories. A fixed annuity is like a CD, paying out a fixed rate that is guaranteed. Variable annuities are like mutual funds that can get you a higher rate of return if you can stomach the higher mutual-fund like…