Archive - October 2011

1
The Pros & Cons of Annuities
2
Why We Should Fear a European Debt Crises
3
The Best Financial Decision That You Can Ever Make
4
Where to Invest Your Cash Now!
5
The 4 Biggest Social Security Myths

The Pros & Cons of Annuities

Based on client concerns over market volatility over the last couple market cycles, I once again investigated immediate annuities as an alternative investment strategy for a portion of some retired clients’ portfolios. For full disclosure, as a fee-only planner I have never recommended an annuity to a client—other than rolling an existing annuity into a better choice—as we always felt there were alternatives that were a better deal for them.  For background, annuities are sold by insurance companies and are designed to give a stream of income for the balance of one or both of a couples lives.

An immediate …

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Why We Should Fear a European Debt Crises

For individuals and families, their debt-to-income ratio says a lot about the state of their financial health. Generally, the lower the ratio the better because lower debt means less
money spent on interest payments and more money available for savings and investments. These can be used to fund important things like education or a new business, and to provide financial security to cover unexpected expenses or the loss of a job.

With countries, the debt-to-GDP ratio is one of the indicators of the health of an economy. It is the amount of national debt that a country is carrying as …

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The Best Financial Decision That You Can Ever Make

The best financial decision you may make in your lifetime may not benefit you, but it will directly benefit those you care about. Having life insurance can assure the protection of your family in the case of a premature death.

I was recently speaking with a friend of mine who shared a sad story. My friend’s good friend suffered a fatal heart attack at the age of 47. He went on to tell me that his friend leaves behind small children and had no life insurance.

This story, unfortunately, is not uncommon. Many people don’t have life insurance, which is …

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Where to Invest Your Cash Now!

Thanks to a really illuminating answer given by our advisor, Kimberly J. Howard, we can tell you about the best place to park your emergency dollars.

As she says, “the best place for those dollars is in a CD (certificate of deposit), savings account or a money market account.”

This is because any investments need to be safe and risk free, while also allowing easy and quick access.

CDs are insured by the Federal Deposit Insurance Corporation for banks and by the National Credit Union Administration for credit unions, which means that they are “money in the bank” – they …

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The 4 Biggest Social Security Myths

Some quick Mythbusters of our own today, courtesy of Jonnelle Marte:

 1.) “Social Security is a terrible deal”

In fact, the truth is that the earliest people in the system got a good return on their payments into the system. Those working today pay more in Social Security taxes than previous generations but are going to get smaller benefits when it’s their turn to retire. Taxes are also set to increase with time so it’ll be even worse for future generations.

2.) “You’re not allowed to be unemployed and retired at the same time”

This simply isn’t true. It’s …

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