Annuities are an essential component of the American retirement system, starting with Social Security. Why, then, do so few Americans understand them? Most of us, it seems, are pretty much clueless about annuities. In one recent study, the American College of Financial Services gave older Americans a score of 12% out of a possible 100%
Retirement can be a troubling topic to think about, with a lot of unknown questions such as where to live and how much will be need to save to be comfortable. According to an article by investment website Insider Monkey, New Jersey is not the most popular place for retirees. The main reason is the
For the last two weeks we’ve been looking at target-date funds. This is a re-examination of several articles I wrote on the subject over a decade ago. They were prompted by a report released by the Securities and Exchange Commission on how investors perceive these funds. Let’s just say the results showed a lot of
If there’s one financial concern that millions of Americans share, it’s anxiety about running out of money in retirement. Annuities are designed to address this fear by providing a stable stream of cash flow that you can’t outlive. Mutual funds, especially those focused around stock investments, play a potential role by offering a path to