Of all the types of annuities out there, a fixed annuity is the one that’s most straightforward. Is it the one that’s right for you? by: Ken Nuss Fixed-rate annuities are popular because of their guarantees, simplicity and higher rates than most competing products. A fixed-rate annuity — also known as a multi-year guaranteed annuity —…

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KEY POINTS At age 72, individuals are required to take mandatory withdrawals from their retirement accounts each year, based on their life expectancy. This formula — known as the required minimum distribution — can also work hand-in-hand with delaying Social Security benefits until age 70 to create a sustainable drawdown strategy. If you’re taking this…

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If your financial situation hits a rough spot, there are a number of things you can do to get your retirement plan moving in the right direction again once you get back on your feet. by: Diane Davis Does it feel like the coronavirus pandemic has pushed all your retirement plans by the wayside? If you…

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When we lost restaurants this spring — when their doors closed and many of their workers were sent home — we didn’t just lose places to be fed. We lost a theater of experience. Here, several renowned writers recount some of their most memorable meals out. Our New Friends by Ruth Reichl “Do we have…

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Becoming wealthy and staying that way takes a certain level of discipline. Sure, an occasional splurge won’t put you in the poor house, but frequent frivolous spending can quickly erode your net worth. The frugal habits necessary to achieve financial success and maintain it can be surprisingly simple. Read on to meet 14 business leaders…

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Jerome Powell is the finance world’s Cardi B. As the chair of the Federal Reserve (aka America’s central bank), Powell is the face of a lot of gov money moves that affect you. Like changing the federal funds rate. That’s an important percentage that influences everything from inflation to what you pay to borrow money. Increasing rates means the…

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Bloomberg.com Lockdowns hurt cigarette sales in emerging markets as the tobacco industry tries to figure out what comes next. So, perhaps reassuringly, it turned out tobacco wasn’t so defensive during this global health crisis after all. After indications early in the pandemic that tobacco may hold up, British American Tobacco Plc on Tuesday reduced its forecasts for full-year sales growth as…

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It’s a question on the minds of those in retirement or nearing retirement. How much of your nest egg can you spend each year without running out of money in retirement? In 1994, financial advisor William Bengen published a paper that answered this very question. His paper—Determining Withdrawal Rates Using Historical Data—was published in the…

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Shifting into retirement can be bumpy, but having a plan (or stumbling upon one) can make the switch smoother. When Ruth Wooden was president and CEO of Public Agenda, a nonprofit research organization, she found herself dreaming at night that she was sitting in a classroom. At the time, Wooden, who had worked in advertising…

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