The takeaway: The perfect setup for outliving your money is not knowing where it goes. This post handily helps you figure where the money went and provides a juicy look at what others your age are earning and spending. Don’t outlive your money! $$$ Part 3 in the Don’t Outlive Your Money Series. $$$ Greetings! … [Read more…]
The takeaway: GameStop is a declining company, whose stock enabled one investor to turn $53,000 into $48 million in barely 18 months. The stock’s unlikely investors have driven its share price to new heights, savaged Wall Street hedge funds, and caught the eye of Congress, due to fears their actions are roiling financial markets. It’s … [Read more…]
The takeaway: Fixed annuities are like CDs, except you earn a higher rate. Even better, your interest grows tax deferred. But there are steep penalties for early withdrawal. And tax treatment isn’t favorable to your heirs. Look before you leap. $$$ Part six in a series on annuities that will appear here from time to … [Read more…]
The takeaway: equity indexed annuities allow you to participate in the stock market, with minimal losses and some gains. However, your market gains are substantially limited by fees and contract restrictions. Plus, obscure interest calculations make it hard to verify you’re getting the returns you were promised.  Better alternatives exist, so think twice.  (Maybe three times.)  … [Read more…]
The takeaway: How we succeed or fail with money is not based on our income, education, occupation, or investing skills. Instead, it’s based on factors like our behavior, attitude, and humility to name a few. These attributes are money “soft skills.” If there were ever a time to master the soft skills of money, it’s … [Read more…]