Category Archives: Presidents Blog

Has anyone ever tried to advise you to buy a Variable Annuity and given you false information about such annuities? Are you interested in growth and preservation? Well, the truth of the matter is it takes MUCH bigger gains to … Continue reading →

Why I don’t recommend them..Two BIG Reasons Retirees Should AVOID Variable Annuities: There are two big reasons retirees should avoid Variable Annuities, (we don’t let our firm sell or recommend them ever!) Reason #1: Variable Annuities are subject to stock … Continue reading →

After all of their research, professors Babbel and Merrill not only quoted the above statistics, but they gave some recommendations for people who are approaching retirement or who are already retired. First, they suggest that retirees determine the minimal acceptable … Continue reading →

Babbel and Merrill encourage retirees to look at annuities, where everyone’s risk is pooled together. This provides insurance for an individual, because the pooled money can cover them if theirs runs out. Since Babbel and Merrill have shown that half … Continue reading →

David F. Babbel and Craig B. Merrill belong to the Wharton Financial Institutions Center, where they study how to plan for retirement. As a summary of their research on retirees investing their life savings, they published a paper called Investing … Continue reading →

If you said yes, think again!  For many decades, it was thought that a pension from a large Fortune 500 company would guarantee a comfortable retirement.  With the bankruptcy of General Motors and Chrysler, major airlines such as: United, Delta, … Continue reading →

It has been over twelve years since Congress added section 529 to the Internal Revenue Code, giving taxpayers tax savings opportunities to be used in planning for the ever-increasing costs of a college education. Known by a variety of names … Continue reading →