Before signing a contract, make sure you understand both the pros and cons. Key Takeaways Retirement annuities promise guaranteed income for a retiree until their death, and sometimes after...
A Roth individual retirement account (IRA) is a retirement savings account that a person can... Pros and Cons of Roth IRAs Pros of Roth IRAs Cons of Roth IRAs Tax-free savings growth No up...
Before you decide to retire, consider the pros and cons of quitting work at different ages to make sure you have the financial resources you'll need.
Take charge of retirement savings by learning the pros and cons of target-date funds, also called life-cycle funds, and how they fit into your portfolio.
normal retirement age (66 to 67, depending on the year of your birth), or late (up to age 70). This article explains the pros and cons of claiming your Social Security benefits early. Key...
Insurance exists to protect us from the risk of the unknown and recover losses resulting from events beyond our control. After all, the best drivers still get into accidents, the healthiest people still get sick and even the safest houses occasionally fall victim to random acts of nature. What about the risk of not having enough money for retirement? Likewise, even the best savers get hit with an unforeseen event that could derail their financial plans. Annuities are one of the most popular ways to guard against that risk. However, there are pr ...
Real estate is an important element of any well-diversified portfolio. Not only is it a good way to insulate yourself against volatility in the stock market, but it can provide a steady of stream of income in retirement. One of the best things about investing in real estate is that you have so many different ways to do it. House-flipping is one option if you want to pocket big profits all at once. Becoming a landlord is another way to go if you'd rather be on the receiving end of monthly rental payments. ...
Certificate of deposit (CD) accounts may be better suited to some savers than others. Learn the pros and cons of using CDs to save.
Here’s a rundown of the pros and cons of annuities, compared with other ways to invest for retirement. Key Takeaways Annuities can provide a reliable income stream in retirement, but if...
Annuities are a great way to secure guaranteed income as part of your retirement plan. Like any other retirement savings tool, annuities come with advantages and disadvantages. “Annuities are the only product in the entire financial universe able to provide guaranteed income for a set period of time,” says Ryan Brown, a partner at financial planning firm CR Myers & Associates in Southfield, Michigan. Let’s take a closer look at the pros and cons of annuities, and how they can help your retirement savings last for the long haul. ...