Do annuities make good investments? How are they used for retirement income later in life? What is an annuity? An annuity is a type of retirement savings vehicle usually offered through insurance companies and, in one way or another, guarantees a steady income after you retire, whether in monthly, quarterly, or yearly pay-outs. There are various […]
Common sense finance should be easy, right? But it’s not. Human nature and our inherent weaknesses cause us to make serious, expensive financial mistakes. What are the most basic, yet also the most important financial tips that we would want our kids to follow? Some of these tips are painfully obvious, and we’ve included them […]
It’s important to have an idea of your financial priorities when you are trying to make a financial plan or reach a certain financial goal. After all, it’s impossible to decide what you should do with your money without priorities, not to mention figure out what actions you need to take to reach your financial […]
Did you know that part of the recently passed The Coronavirus Aid, Relief, and Economic Security (CARES) Act lets you withdraw $100,000 from your retirement funds without incurring the 10% penalty normally applied for early withdrawal? For a typical family with two working adults, that’s up to $200,000 of funds the government is letting you […]
Here’s how to make an effective personal finance plan for the 15-20 years before retirement.
Here’s why it’s important to teach your teen about the basics of investing now.
