Insurance

February 13, 2020 Personal 16 Comments

Trump’s budget could make it harder to stay on Social Security disability insurance

Trump’s budget could make it harder to stay on Social Security disability insurance Though President Donald Trump has repeatedly vowed to protect Social Security benefits, his budget includes big cuts to parts of the program. One proposal could make it more difficult for individuals … Continue reading at cnbc.com How zero-based budgeting can transform your […]

March 6, 2016 News No Comments

Tips for talking to your insurance company after a car accident

Tips for talking to your insurance company after a car accident One of the most common post-accident missteps is admitting fault. (Photo: Getty Images/moodboard RF) It’s your “good neighbor.” It’s “on your side.” But after a car accident, some drivers fear their insurance company won’t be such a pal. Continue reading at usatoday.com Costco’s entry-level […]

January 16, 2016 Personal No Comments

Personal Finance Q&A: Health insurance subsidy is based on household income

Personal Finance Q&A: Health insurance subsidy is based on household income Dear Liz: We’re living on a very tight budget and often have to put groceries and unexpected expenses on a credit card that’s in my husband’s name only. I have no personal income. My husband is on Medicare, but I’m too young to qualify […]

December 1, 2015 News No Comments

Zurich Insurance CEO Senn Steps Down After Recent `Setbacks’

Zurich Insurance CEO Senn Steps Down After Recent `Setbacks’ Zurich Insurance Group AG Chief Executive Officer Martin Senn resigned, acknowledging “setbacks” in recent months as the company reported a loss at its general insurance business and dropped a takeover bid. Chairman Tom de Swaan has been appointed … Continue reading at bloomberg.com Small Business Loans […]

There are several pay-out methods available when you begin receiving annuity payments. With some options, you or your beneficiaries can select how you want to be paid. The following are some of these:

You can get income for your entire lifetime even when the money in your annuity account has been used up. This is advantageous if you live to an advanced age because it will maximize the income that you will receive. However, there is a risk involved: when you die, all the money cannot be claimed, even by your assigned beneficiaries. If you die young, you simply lose this money.

Past performance is no guarantee of the future. You have probably heard this disclaimer a thousand times before, but it is really important to understand. Most rating systems have little to no predictive element in them. It's natural to think that the best performer of the past will be the best performer in the future. Unfortunately, it's not that simple. Just think about it; if it were that easy, investors would just continue to buy last year's winners knowing that they will be this year's winners. And that seldom works.