Inflation is a buzzword that can incite anxiety in even the calmest investor. It's used as a major talking point in business, economics, and politics. And whenever there is a dramatic price increase, discussions on inflation take center stage. But there’s one problem – Not many people truly understand what an inflation rate is.
In today’s market, just about anyone can call themselves a financial advisor. To make matters more complex, there are various credentials an advisor can invest in and use to highlight their expertise and "trustworthiness". So who can you trust?
The prospect of running out of money in retirement is becoming increasingly more likely. Across the US, retirement savings average out to about $255,200 despite the fact that most workers feel they will need $1.9 million.
401(k)s have been a staple of American retirement plans since their inception in the early 80s. But as with any asset, this essential part of your retirement planning comes with its own set of pitfalls. And in an industry that thrives on hidden fees and commission-heavy products, it’s easy to see how many hard-working employees are losing out.
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.
