Short-term bets on any asset, which can certainly be a thrill ride, is gambling. Wise, prudent investing over long periods of time is where most wealth growth happens. The problem to some is it takes a long time to get there. It’s boring.
What Families Need to Know About the Recent Stimulus Package
Recently, President Trump signed into law the latest stimulus bill called the Consolidated Appropriations Act of 2021. This law is a follow up to the CARES Act earlier last year.
Why was the bill necessary? Because plenty of families and small businesses are still hurting, with unemployment high and plenty of businesses considering closing their doors for good.
Pension Options: Monthly Annuity or Lump Sum?
While the days of big, plump retirement pensions are dwindling, I still have regular conversations with individuals who have pensions through their workplace. This is a tremendous benefit generally providing a guaranteed stream of monthly payments (an annuity), and may include payments for a spouse or beneficiary.
But in some cases, receiving an annuity payment may not be the best option. In this article I’d like to explore the pros and cons of annuitizing your pension, versus another option that’s typically available as well: the lump-sum payment.
The Stock Market Doesn't Care Who's President
The likely outcome of our most recent presidential election--assuming no significant changes to voter recounting in several swing states--is that Joe Biden will be president in January 2021.
This can set investors on edge, and even leads some to consider switching their portfolios to safer investments.
My Brush With Death
On a warm summer morning in June 2009, I awoke to a slight ache in my right kidney. This didn’t alarm me too much. I had felt kidney aches before, and this just seemed like another small episode, easily resolved with my usual remedies. Besides, I was a first year MBA student and had earned a great internship. It was time to work and impress!