Whether you prefer the security of a specified return or you need to diversify your investment portfolio, fixed rate investments have a spot in your financial holdings. Many individuals like to hold fixed rate products in addition to riskier stock investments to offset the stocks’ volatility. Retirees or those with a shorter investment time frame may also prefer a fixed return for extra security.
1. Fixed Rate Annuity
When you invest in an annuity, you make a lump sum contribution in exchange for future payments.…
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Reducing the amount of tax liability on your investments and retirement accounts is often priority number one among investors. There are a variety of strategies you can utilize to help reduce the amount you pay in retirement, once you reach that point in your life. Taking as many deductions and credits on your tax form as possible and maximizing your passive income opportunities are steps in the right direction. Fully understanding your investment options is crucial in order to maximize your tax benefits.…
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When you find yourself approaching retirement, you’ll probably start thinking about all of that time you’ve spent with your financial planner. Don’t think that hitting retirement means that you won’t need his or her services anymore. In fact, as you prepare to retire, this is a crucial time to schedule another meeting with your financial planner to evaluate your situation. Here’s a look at a few things that you should discuss before you actually retire.…
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