Study: 63% of Americans will need another stimulus check in 3 months

stimulus check is not enough The $2 trillion stimulus package signed into law on March 27 is meant to put cash directly into the pockets of the millions of Americans and businesses who have been impacted by the coronavirus. A record 3.3 million citizens recently filed unemployment claims, shattering the previous all-time high of 695,000 claims in 1982.  The […]

How to Stay Smart with Retirement Savings During Coronavirus

money moves during coronavirus

Navigating retirement planning and Social Security rules can be challenging in the best of times. Trying to think about your 401(k) and your benefits during coronavirus can be downright overwhelming. But you are not alone. A recent poll found that despite the ongoing pandemic, Americans are more concerned about their finances than their health right […]

Why Do Annuities Have Surrender Charges?

Signing contract

Every year consumers put over 300 billion dollars of their savings into annuities. While annuities can provide specific guarantees that are unavailable elsewhere, part of what consumers don’t like about them are their surrender charges. A surrender charge is what a consumer with an annuity has to pay if they want to withdraw their money […]

Investing in Bonds: An Introduction

Bonds and cash

If you’re just starting to dip your feet into the waters of investing, you may know that bonds are one of the options available for growing your wealth. But what are bonds, exactly? In this guide, you’ll find out the answer to that question—along with which specific type of bond might be right for you, […]

When is Tax Deferred Growth Worth It?

Deferred tax

Investors over the age of 50 are constantly being pitched on the virtues of tax deferred annuities. In this post, we’ll look at some concrete numbers to figure out when tax deferral actually makes sense for many investors and savers. We’ll identify cases where it may make sense and cases where it doesn’t. Next time […]

What Caused the Stock Market Crash of 1929?

Bank sinking

By the end of the October 1929 stock market crash, investors had lost $25 billion – $364 billion in today’s terms. Why did the stock markets crash? Are the causes of the crash true today? The answer is that it’s complicated. Rather than a single catalyst, mounting pressures from multiple factors contributed to the crash. These […]

What Is A Deferred Annuity?

Deferred annuity

You’ve probably heard that annuities are a great way to provide for your future. You may also know that there are different types of annuities: every annuity is either variable or fixed, and either immediate or deferred. This brief guide will tell you everything you need to know about deferred annuities (also sometimes called deferred […]

What Is A Buffer Annuity?

Understanding annuities

Buffer annuities have been gaining attention in the investment world. At its most basic, a buffer annuity allows you to participate in the growth of a stock market index while protecting you from certain amounts of loss in your savings. There are, however, many details that are worth understanding. First, these annuities will typically cap the amount […]