If you’ve recently reached a birthday milestone that puts you at the same age as a parent or grandparent who passed away, you may be battling a variety of conflicting emotions – perhaps chief among them the wistfulness that you’ve now hit an age you once dismissed as impossibly old. While the Baby Boomer generation is expected to be the longest-lived one yet, hitting these types of milestones can serve as a grim reminder that time marches on – and if you’ve accumulated substantial assets during your working years, you may be dismayed at the thought of them being used to pay for your own long-term care rather than being passed down to your children or heirs after you’re gone.…
Whether you prefer the security of a specified return or you need to diversify your investment portfolio, fixed rate investments have a spot in your financial holdings. Many individuals like to hold fixed rate products in addition to riskier stock investments to offset the stocks’ volatility. Retirees or those with a shorter investment time frame may also prefer a fixed return for extra security.
1. Fixed Rate Annuity
When you invest in an annuity, you make a lump sum contribution in exchange for future payments.…
Reducing the amount of tax liability on your investments and retirement accounts is often priority number one among investors. There are a variety of strategies you can utilize to help reduce the amount you pay in retirement, once you reach that point in your life. Taking as many deductions and credits on your tax form as possible and maximizing your passive income opportunities are steps in the right direction. Fully understanding your investment options is crucial in order to maximize your tax benefits.…
