If you want a guaranteed rate of return and don't need your income until a later date, a fixed interest annuity might be for you. Interest rates are at the level they were in the 1950's and this also has negatively affected certificates of deposit.
As we move into April, I had planned to start a series of articles on Investing in Equities. Instead, I want to provide information on using annuities in your retirement planning, including benefits and risks. My motivation was learning that a long time insured who has moved out of state has run out of money and is being supported by her children. Studies show that the consistent #1 concern of the baby boomers is running out of money.
You can apply to pitch your company for ABC's hit reality TV show "Shark Tank" at a casting call breakfast Monday, April 13, 8 a.m. at the Porter Sanford III Performing Arts and Community Center, 3181 Rainbow Dr, Decatur, GA. Companies will be chosen to pitch to casting director Scott Salyers. Apply at http://valuespartnerships.com/ATLSharkTankBreakfast/
Five film and television studios around Atlanta, including Covington-based Triple Horse Studios, have come together to form an advocacy group for Georgia's studios and businesses that support film and television industries. The five studios forming the new Georgia Studio and Infrastructure Alliance (GSIA) are: Eagle Rock Studios Atlanta, EUE/Screen Gems Studios Atlanta, Mailing Avenue Stageworks, Tyler Perry Studios and Triple Horse Studios.
In previous articles, I reviewed both the positives and negatives of using life insurance as an investment vehicle. This time, I would like to discuss what life insurance does best as an investment, and that is, self-completion at any time while the contract is inforce.
Depending on what you want to utilize the policy for, life insurance could be an excellent way to accumulate cash. It could also be a very bad buy if you think it will perform in a fashion that probably won't happen. In this article, I will touch on types of life policies that probably aren't good investments and next time, I will review some policies that are attractive.
Many years ago, I was given a "Pocket Pig" from Newton Federal Bank and still have it along with other Covington and Newton memorabilia. It held 16 quarters and "If this Pocket Pig could talk he would say, save a little every day." Sixty years later, that's still great advice – Pay yourself first!
The easiest question you will have to answer this year is "Do you want to have financial independence at retirement? If your answer is "no," please return to your favorite television show and enjoy your day.