Question: I am 66. Is it wise to buy an annuity at 66 for ten years? The IRS rules state a sum will be have to be withdrawn to report as taxes when I am 70 1/2.
Question: Can I buy life insurance for my dad even though my stepmom has a policy on him? I have been helping him financially for the last year with his bills, and I want to make sure he's taken care of in case of his death.
Question and background: There is so much hype about crashing markets and the need for annuities as we approach retirement age. Which annuity would be the best? Also, if the markets fall apart, wouldn't they take the insured annuities with them? Wouldn't the same apply if there are currency problems?
Question and background: My 77 year old mother got shafted by her current adviser. She has $280,000 in investments and was talked into a $224,000 life insurance policy with $600 a month premiums. She is in good health and I expect her to be around for 15-20 years. Should she drop this whole life policy that currently has no cash value?
Question and background: What are the pros and cons of purchasing a long term care policy. I've been researching them on-and-off again for a few years and I can't make heads or tails of what they cover and if it even makes sense to buy a policy.