Most people consider investment returns as a deciding factor while picking out an investment. However, the returns are not entirely yours always. Depending on the type of investment you choose, you could end up paying a significant amount of taxes. This is why it is crucial to keep in mind the repercussions of taxes on ...

Retirement planning is essential for sustaining a balanced and comfortable life in your later years. People are generally inclined towards traditional retirement options like 401(k)s, individual retirement accounts (IRAs), Roth IRAs, mutual funds, fixed income plans, and general retirement accounts. However, there is one more option that can feature in your retirement plan. Immediate annuities ...

If you thought you could only gain from an increase in the value of your portfolio, you may not be entirely correct. While you indeed gain when the value of the assets in your portfolio increases, you can also substantially benefit when the value of some assets decreases. This is possible by a mechanism called ...

Traditional pensions are on the decline in the United States of America, and most citizens are tasked with the responsibility of saving up towards their retirements. Relying heavily on 401(k) plans and IRAs, the retirement sphere is in shambles. This is because an expected one-fourth of working Americans have no retirement savings, including 13% workers ...

As per a recent survey conducted by the Employee Benefits Research Institute, over 30% of Americans over the age of 55 have only saved $ 10,000 for retirement. The idea of Social Security and Medicare has led most people to believe that they don’t need to save in other types of accounts or investment vehicles. ...

Just how you have friends to listen to your problems and help you solve them, you have financial advisors to tell you “I am all ears” when you are hit by financial roadblocks. They not only listen to your problems but, much like good friends, help you come out of it.  You may feel the ...

“He who fails to plan is planning to fail”, said Sir Winston Churchill once. This holds true even for your finances. If you don’t have a financial plan in order, you are likely to fail in your financial life. But you need not fret. For, Sir Churchill also said, “Let our advance worrying become advance ...