The word "annuity" springs from the same root word as "annual". Annuity itself refers to the annual cash payment you will receive from this investment after you have reached the age of 59 1/2, or the date agreed upon in your annuity contract. There are all kinds of annuities, but the ones that people love the most are the income annuities. While you initially pay a large sum for an annuity contract, the insurance garnered over the years accumulates to create a very large amount of cash.
20 March 2018
If you have a successful business but still want to make more money than you currently do, there are many ways you can do this. To help you decide what would work best for you, below are two tips you will find helpful. Use a Brokerage Firm Investing is one way to make extra money. It is important that you know what you are doing, however. If you have no experience with this, you can hire a brokerage firm.
24 January 2018
Saving for retirement is an important need. You want to ensure that you have enough money to comfortably pay for your living expenses well into the future. If you don't yet have an idea of how you will fund your retirement savings or if you haven't even started planning, now is a great time to do so. The sooner you start handling your affairs, the better off you'll be later. Keep reading to better understand the importance of starting your retirement planning now:
28 November 2017
One of the best financial options to consider when you are older and retired is a reverse mortgage, mostly because this option can provide you with an extra income stream to help you supplement your retirement savings. Listed below are three reasons to consider reverse mortgages: Provides A Supplemental Income One of the biggest reasons to consider a reverse mortgage is that they can provide a supplemental income, which is often very useful and necessary for individuals that are retired and living on a fixed income.
2 September 2017
A financial advisor is a good resource to consider utilizing due to the fact that they are able to assist you when it comes to planning for any major life goals or large purchases. Listed below are two reasons to utilize a financial advisor to help you manage your finances and investments. Will Create A Financial Plan Specifically For Your Individual Goals One of the biggest reasons to utilize a financial advisor is that they will be able to create a financial plan specifically for your individual goals.
18 August 2017
If you recently inherited a large sum of money from a relative and are stressed out about how to properly manage it, then it is important that you know you are not alone. Inheriting a large amount of money is often stressful. The good news is that you are researching ways to protect your newfound wealth in safe ways, so you can rest assured that you are currently doing the right thing.
17 January 2017
If you are finding it is difficult to save money for the future and you are not quite sure how to go about increasing the savings you've set aside, you may have considered using a financial adviser to help with this process. Taking the step in obtaining this type of help is not always done immediately as many have doubts about whether they really need this type of help or if they should continue to work on their own at saving what they need to survive later in life.
10 October 2016