A variable annuity can be a wonderful vehicle to preserve and grow your wealth. But it is a complex financial product, and it’s easy for unethical brokers to design low-quality contracts that will siphon off your profits.
When we look at the news, there are a lot of different rates thrown about. Half of the time, these various rates are just labelled under the umbrella term “Federal Reserve Interest Rate”. And this makes it confusing when you read two different articles and you find contradictory information.
2020 has been a big year and a bumpy ride for investors. From COVID to elections and an economic recession, the word of the year might as well be “uncertainty”.
The 2020 presidential election is on November 3rd, and the results - no matter what they will be - are likely to affect the markets. Post-election market volatility can be serious business, and I always recommend my clients review their portfolio and take steps to protect their assets in case of a major market drop.
