February 6, 2012 10:45 pm
Published by alexhouse
For as long as I can remember as a youngster, I had a fantasy of becoming a millionaire one day. Can you recall the days when you might see one of the “wealthiest” people in your hometown and people would refer to him or her as “the rich millionaire”? It was a big deal, and being a millionaire carried a lot of clout. Now please don’t think for a second I am trying to bring down or belittle millionaires. I fully realize they make up...
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February 6, 2012 10:58 am
Published by alexhouse
Some great advice from the “Saver Generation” Retirement Education
February 3, 2012 5:54 pm
Published by alexhouse
This week the Treasury Department announced a new regulatory proposal that would encourage lifetime income options in retirement plans such annuities. A couple of main points were discussed in this new proposal. The first would allow current participants in defined benefit plans (for the small percentage of consumers that still have DB plans) to take their retirement savings in the form of an annuity plus a lump sum. Currently, the rules state that it is only one or the other. The second point would...
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February 2, 2012 6:32 am
Published by alexhouse
Does your financial advisor personally own the financial recommendations that he or she recommends that you buy? The answer might shock you when you actually ask them. What shocks me just as much is the lack of people who ask their financial advisors this question. Wouldn’t you want any salesman who is recommending a big ticket purchase to believe in their product so much that they personally own it themselves? If I go and try to buy a luxury BMW tomorrow and I find out...
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January 28, 2012 10:59 am
Published by alexhouse
Here at Annuity123, we have the utmost respect for financial advisors. In fact, we place them up high on a pedestal just as we do doctors or any other practitioner that increases consumer’s wealth or health. However, we also realize doctors, lawyers, pro athletes and financial advisors are people just like you and me, who have specialized in a certain field. Just as there exists corrupt doctors and lawyers, the same can exist for financial planners. But you probably didn’t need me to tell you...
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January 25, 2012 9:47 am
Published by alexhouse
Just when we thought the baby boomers had their hands full trying to get prepared for retirement, we might have overlooked another generation who fairs even worse. A recent survey revealed that Generation X might be even worse off than their parents. Moreover, many of them have given up on contributing to their 401k’s and the stock market in general. From Life Health Pro by Elizabeth Festa Nearly two-thirds, or 65%, of the members in Generation X lack confidence that they will have...
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