Understanding Annuities: An Guide on How An Annuity Works

A conceptual diagram on a spiral notebook depicting the word "ANNUITY" in the center with arrows pointing to related terms like "INVESTMENT," "ACCUMULATION," "RETIREMENT," "QUALIFIED," "ROLLOVER," "FIXED," and "ASSET," with markers nearby, symbolizing the different components and benefits of an annuity in financial planning.

An annuity is a contract with a company that provides a specified sum of money for a specified period of time, based on a number of variables. One thing everyone can agree on regarding annuities is that there are many, many different types of annuities. In addition

My Employer Sent Me a Packet About My Pension

A cheerful elderly couple sitting at a wooden table in a well-lit room with a laptop open in front of them. The woman is wearing a green top and smiling at the man who is in a blue sweater, looking back at her with a smile. They appear to be discussing documents on the table, which includes a notepad, papers, and a tablet. A bowl of green apples and bananas, a coffee pot, and a blue mug are also on the table, creating a comfortable and domestic atmosphere.

In today’s ever-changing retirement landscape, many employers are deciding what to do with their defined benefit plan or pension. Employers are opting to provide their employees with a defined

Six Reasons To Start An Emergency Fund

A piggy bank alongside sticky notes, one with a chart indicating financial growth and another with "Emergency Fund" written on it, suggesting financial planning and savings.

Beneficiaries come into play when thinking about who your assets will go to–things such as money in the bank, retirement accounts, investments, and life insurance policies. Put simply; a beneficiary is the person (or people) you name to inherit

Financial Basics for Millennials


With age comes responsibility, so if you’re a young adult in your 20s or 30s, chances are you’ve been introduced to the realities of adulthood. While you’re excited by all the opportunities life has to offer, you’re also aware of your emerging financial responsibility. In the financial realm, the millennial generation (young adults born between […]

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