There’s a subreddit page I like to visit called r/eyebleach. It essentially gives your eyes a break from scrolling through cynical and often disturbing Reddit entries by showing photos of kittens, baby otters, and puppies doing funny puppy things. The page has 9.4 million subscribers.
Our eyes and brains all need a...
Viewpoints
Should you have debt when you retire?
Unless your parents made some weird deal with the hospital, you were probably born kicking and crying, but debt-free.
You would have remained that way in a perfect universe, spending most of your life as solvent as possible. Then you would skip blissfully into retirement without being shackled to a boatload of debt. You’d have a million in your 401(k), maxed-out life insurance policies, and guaranteed Income from annuities.
However, the reality is different for most pre-retirees and retirees. Life has its own plans, and sometimes it goes off the rails. Even the best-planned people can end up underwater, sideways, and paying lots of unexpected bills.
According to financial...
You would have remained that way in a perfect universe, spending most of your life as solvent as possible. Then you would skip blissfully into retirement without being shackled to a boatload of debt. You’d have a million in your 401(k), maxed-out life insurance policies, and guaranteed Income from annuities.
However, the reality is different for most pre-retirees and retirees. Life has its own plans, and sometimes it goes off the rails. Even the best-planned people can end up underwater, sideways, and paying lots of unexpected bills.
According to financial...
Questions to ask yourself before choosing a CD or annuity
“If you want to retire well, you will need to be even more vigilant about protecting your cash, both now and in the future.”
Aside from the low-interest rates, people who save in traditional vehicles such as bank Certificates of Deposit and savings accounts face volatility and uncertainty.
When the economy shows signs of faltering, the Federal Reserve typically cuts interest rates. When inflation fears come, the Federal Reserve will usually increase interest rates to slow the economy.
While this can be great for some folks, it punishes those with large cash reserves parked in CDs or savings accounts, often causing them to take more risks with their money than they usually...
Aside from the low-interest rates, people who save in traditional vehicles such as bank Certificates of Deposit and savings accounts face volatility and uncertainty.
When the economy shows signs of faltering, the Federal Reserve typically cuts interest rates. When inflation fears come, the Federal Reserve will usually increase interest rates to slow the economy.
While this can be great for some folks, it punishes those with large cash reserves parked in CDs or savings accounts, often causing them to take more risks with their money than they usually...
What happens to your annuity if you die?
“Annuities have a lot going for them, including the ability to create guaranteed streams of lifetime income. But what happens to your annuity if you die sooner than expected?”
One common argument against annuities comes from people who say that if you die sooner than anticipated, your family will get none of your annuity money. That could be true in some cases. However, if you correctly structure an annuity, you can leave something to your family if you die too soon while still providing yourself with lifetime income.
Two basic categories of annuities
There are two categories of annuity products.
One type of annuity helps you accumulate money for retirement, and the other type...
One common argument against annuities comes from people who say that if you die sooner than anticipated, your family will get none of your annuity money. That could be true in some cases. However, if you correctly structure an annuity, you can leave something to your family if you die too soon while still providing yourself with lifetime income.
Two basic categories of annuities
There are two categories of annuity products.
One type of annuity helps you accumulate money for retirement, and the other type...
What is cryptocurrency?
Once relegated to the global financial system’s outermost fringes, cryptocurrencies such as Bitcoin and Ethereum have entered the mainstream consciousness in a dramatic and disruptive fashion.
Many of us think of cryptocurrency as new. But the idea of creating a more open and accessible financial system with greater privacy and lower costs dates back to the 1980s.
Bitcoin was the first viable cryptocurrency, although there had been several previous attempts at designing more private ways to perform financial transactions.
Initially, Bitcoin enthusiasts were a select group of early adopters, mainly programmers and technologists. Computer programmer Hal Finney was the first to...
Many of us think of cryptocurrency as new. But the idea of creating a more open and accessible financial system with greater privacy and lower costs dates back to the 1980s.
Bitcoin was the first viable cryptocurrency, although there had been several previous attempts at designing more private ways to perform financial transactions.
Initially, Bitcoin enthusiasts were a select group of early adopters, mainly programmers and technologists. Computer programmer Hal Finney was the first to...
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