If you’re anywhere near retirement age, or if you’re in retirement, chances are you’ve had an Equity-Indexed Annuity (EIA) pitched to you.
Now, if for some reason you’ve missed out on these pitches (Maybe you’ve been out the country? Don’t have a phone? Don’t read your mail?) here’s the gist: Insurance salesman tells you about this wonderful product that allows you to participate in the stock market’s upside, while not experiencing any of the market downside. In today’s stock market climate, sounds pretty good, huh?
A couple of things come into play that the salesguy doesn’t highlight for you:
First, …Read More
According to Yahoo! Finance, 1 in Every 4 Americans is Working this Labor Day and Their Hard Work is Going Unappreciated. The article made mention of a contest in which U.S. laborers can win a paid day off.
There is always some working at something in order to keep things going. You might not want emergency service workers to all take the day off. People in the armed services cannot all take the day off. And if you went to enjoy some recreation outside of your home, you probably expected restaurants and beaches to be staffed. And since …Read More
I read a fascinating article by Steven Kurutz in the New York Times recently, it’s titled, “Retire at 43. You’re on FIRE.”
It talks about people who have made the conscious decision to live very frugally. They save a giant percentage of their incomes so they can retire at really young ages. Not 57 early retirement, but 43 or younger!
It’s fascinating, it’s a really interesting mindset. We really hadn’t seen a lot of this before, but have in the last five to ten years. People that want to have control of their lives, be independent and decide what they …Read More
As of the end of November, ninety percent of asset classes tracked by Deutsche Bank were down.
Sixty-three asset classes are on track for a down year. That is a record, and that’s quite a record. It beats the record from like eighty years ago when they had like thirty some asset classes. Anyway, ninety percent.
Most of the way through December and it’s still on track.
It’s also trending to be the first year in twenty-five years when both stocks and bonds went down.
Stocks have gone down sharply a couple of times this year, earlier in the year …Read More