I have 2 unhealthy food favorites: fried chicken and donuts. I try to limit my exposure to these. That means rarely having donuts in the house.
As for fried chicken, I generally only eat it once a month. This is usually the 3rd Sunday of the month, also known as “fried chicken” day at church. We bring in a big platter of it for lunch after worship service.
If you’ve never played it before the simplified explanation would be you are trying to get all your “pegs” around the board before your opponents do. And the “Joker” card is a really good card to have.
It’s a game of chance of course. If you get a bad hand it can be hard to win the game.
But it’s also a game of skill. You have to play your hand wisely. And save up different good cards for just the right time.… Continue Reading
Today’s question comes from Russ. He has some questions about the type of annuity he is looking for. He writes:
“I am looking at fixed index annuities. I am looking for a fixed index annuity that offers no cap, has a rider for fix income for life and an inflation guard. I would like one if possible that would have a 5 year surrender period… if that is possible… I would be taking income in about 5-6 years.”
What’s great about this email is that Russ has a clear idea of his different needs and what he’s looking to accomplish with an annuity.
Specifically, there are a couple of important issues Russ is looking for:… Continue Reading
Today’s question comes from Stephanie. Here it is:
Thank you for asking if any of your subscribers had any retirement questions. I am 48 years old and I plan on retiring at 67 years old. I make approximately $70k a year. I have deferred compensation through my employer which I am currently contributing $400.00 per month. The employer is taking out approximately 8% for my retirement. I used the Social Security tool and the estimate at retirement (if the system doesn’t dissolve) will be approximately $1100.00 per month. I have about $30k in a Roth IRA right now. I have another $125k in mutual funds that I am not happy with. Here’s my question(s). I am thinking of putting the $125k in an annuity. I am concerned that I will not have enough money to live on after retirement. If my relatives are any indicator of life, I will probably live to be pretty old. My grandmother was 103, my other great grandmother was about 105, etc… Do you think I will have enough money to live on? How do I base that because today’s prices are not going to be the same as 18 years from now? I own a home, but I am no where close to paying it off. I live modestly, but I love traveling and want to continue to have this luxury after retirement. I am not married and I do not have any children. Please tell me what you think. Thank you for your assistance.
Great question, Stephanie. Here are a few things for you to think about…… Continue Reading
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