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 […]