Category: Scams
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Beware Scam Artists
Even though the article is the date, the information in this Kiplinger’s article is still relevant because it touches on a very important topic – how to avoid con artists and prevent them from stealing your nest egg. The interesting part about the article isn’t so much that someone fell for a Ponzi scheme but…
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401k Revenue Sharing Controversy
There are two big points in a recent article in Kiplinger.com on the topic of hidden 401k fees. The first is the issue of “revenue sharing” between a 401k fund choice and the 401k’s plan administrators. Apparently what happens is that large investment companies are essentially offering a “kickback” to a plan administrator if they…
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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…