Personal Finance

What is the age 75 rule for annuities?

Annuities are financial products designed to provide a steady income stream, typically during retirement. The age 75 rule for annuities refers to regulations and considerations that come into play when…

Read More

How much income will $400,000 generate?

If you’re wondering how much income $400,000 can generate, the answer depends on several factors, including the type of investment, risk tolerance, and market conditions. Generally, a well-diversified portfolio can…

Read More

Why is Suze Orman against annuities?

Suze Orman, a well-known financial expert, often advises against annuities due to their complexity and potential drawbacks. While annuities can offer stable income, Orman highlights issues such as high fees,…

Read More

Do millionaires use annuities?

Millionaires do use annuities as part of their financial strategy. These financial products can provide a reliable income stream, tax advantages, and a way to diversify investments. Understanding how millionaires…

Read More

Can you retire with $2 million at 70?

Retiring with $2 million at the age of 70 is achievable for many individuals, providing a comfortable lifestyle if managed wisely. This amount can support various retirement goals, including travel,…

Read More