Posted: July 29th, 2013 | Author: Dave Dickinson | Filed under: Investment Planning, Retirement Planning | Tags: 2013, Annuity, Fee-Only, Financial Advisor, Fixed, Immediate, Lincoln, Omaha, Retirement |
One of the most confusing and least understood terms for the investing public is annuitization. Unlike stocks, bonds, mutual funds and exchange traded funds (“ETF’s”), annuitization does not come up in cocktail party or water cooler conversation very often. What does it mean?
Many investors have money saved and invested in a fixed or variable annuity – two types of contracts issued by insurance companies. Annuitization is the process of converting annuity funds into a stream of income, usually paid on a monthly basis. Choosing whether to annuitize or not is very important because often you can’t change your mind once payouts begin.
There are several ways to “annuitize an annuity” including but not limited to: Read the rest of this entry »
Posted: July 2nd, 2013 | Author: Dave Dickinson | Filed under: Callahan Financial Planning, Investment Planning | Tags: 2013, Fee-Only, Financial Advisor, Omaha, Planning |
Perseverance and spirit have done wonders in all ages. – General George Washington
Have you read David McCullough’s book 1776? If you haven’t, you might not find a better addition to your summer reading list – particularly over this long holiday weekend. First published in 2005, it’s an entertaining must read not only for its historical recounting of our nation’s first year, but for its lessons in courage and perseverance.
For today’s investors, the book is a reminder of the old saying, “that which is well achieved is usually well earned!” Read the rest of this entry »