Are there penalties for withdrawing monies invested in annuities?

June 30, 2024 No Comments

A: Annuities can be a great investment for retirement savings and estate planning, but they are often passed over due to the expenses and long-term contracts associated with this type of investment. If money is withdrawn from an annuity before the contract specifies, hefty penalties

Are there penalties for withdrawing monies invested in annuities?

July 7, 2024 No Comments

Are treasury bills a good investment for retirement savings?

June 30, 2024 No Comments

A: Making investment decisions for your retirement savings is all about balancing opportunity cost and risk. Treasury bills (T-bills) issued by the U.S. government are considered among the safest investments in the world, so risk should never be a significant deterrent. However, the return on

Are treasury bills a good investment for retirement savings?

July 7, 2024 No Comments

Are variable annuities subject to required minimum distribution (RMD)?

June 30, 2024 No Comments

A: Variable annuities are insurance contracts that provide tax-deferred growth of assets that can later generate a guaranteed income stream, thus making them popular vehicles for financing retirement. Like other investment products, variable annuities can be held as either qualified or non-qualified for tax purposes.

Are variable annuities subject to required minimum distribution (RMD)?

July 7, 2024 No Comments

Benefits of a 401(k) for the Self-Employed

June 30, 2024 No Comments

A: If you are employed by a company that offers a 401(k) plan, it is best that you go through your employer to fund it, since you will accumulate savings faster. However, if your employer does not offer a plan or you are self-employed, you

Benefits of a 401(k) for the Self-Employed

July 7, 2024 No Comments

Calculating PV of annuity in Excel

June 30, 2024 No Comments

A: Calculating the present value of an annuity using Microsoft Excel is fairly straightforward. However, you have to know the annuity’s terms: its interest rate, payment amount and duration. Also, the assumption here is that you’re dealing with a fixed annuity. Variable annuities offer a rate

Calculating PV of annuity in Excel

July 7, 2024 No Comments

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