Investing
Annuities are getting a lot of attention these days. As more people become responsible for their own retirement savings, banks and insurance companies are marketing annuities an attractive option. They are a private sector pension that provides a guaranteed retirement income if you don’t have a traditional pension plan. An annuity is basically a fixed […]
7 minute read
Financial Advice
Taking money from your retirement savings has always been a costly choice. There are tax implications, of course. You’ll also be borrowing from your own future, and losing out on any investment gains the money would have made if you left it alone. However, in the wake of a global health crisis and an uncertain […]
2 minute read
Make Money
Human resources executives call it “total compensation.” If you’ve never heard the term before, it refers to the overall value that comes with a job. It includes benefits, perks, vacation time, and anything else that goes over-and-above your regular salary or wages. It could even include something as small as reimbursement for a gym membership. […]
8 minute read
Investing
You may or may not already know this, but it’s possible to borrow from your own 401(k) retirement fund. It’s hardly ever a great idea, though. You’re really only taking away from your own financial future. The money you borrow is really already yours. Except once you borrow it, it will no longer be invested […]
4 minute read