An annuity is an insurance product and retirement planning tool that establishes a future income stream based on a current investment. Most annuities are sold through insurance companies, but some are supplied via direct sale from investment companies such as Vanguard and T. Rowe Price. You have two choices regarding the style of annuity: Deferred
Investing & Retiring
The Federal Deposit Insurance Corporation (FDIC) is a U.S. Government regulatory agency that has three primary purposes:
Insure bank deposits of member banks;
Assist with banking regulations;
Deal with failing banks.
Let’s look at each of these jobs in a little more detail.
Deposit Insurance
The FDIC does insure bank deposits in
Investors have long valued Certificates of Deposits (CDs) as a low-risk savings tool. Most types of CDs are straightforward; the more you deposit and the longer the term, the higher the interest rate and return. In addition, many come with insurance from the FDIC.
In today’s investment environment, historically low interest rates have made CDs
Stock options were formerly considered best left to stock trading professionals. But these days, trading stock options is almost as easy as buying and selling shares of stocks or mutual funds. Stock options are even allowed in self-directed Individual Retirement Accounts (IRA’s). Even as options have become easier to access and trade, they may still
CD or Savings Account: One, Both, or Neither? Finding an investment product that best meets your unique needs can be confusing and frustrating. There are so many out there, including mutual funds, money markets, stocks, bonds, and annuities, to name a few. Books have been written comparing and contrasting each one of these. This article