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Making a living in the volatile world of financial markets, has taught me to appreciate the simple things in life, like the benefits of having a Roth IRA. Before I explain all the meaningful benefits of a Roth IRA, I want to put the Roth IRA in perspective.
Whenever you are saving for a particular goal, [...]
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Image by MJTR (´・ω・) via Flickr
No!
This question has come up several times over the years. I have never seen a scenario where cashing out your 401k or IRA to pay off debt would make sense. Here is the main reason why:
You will lose upwards of approximately 40% of the principal amount to income taxes [...]
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Average Index Annuity Beats CDs By 70% over Five Year Period
Advantage Compendium Ltd completed its 5-year Index Annuity Return Summary where by carriers are asked to send copies of actual customer statements, with the personal data blacked out, for the five-year period commencing at the end of September 2000 and concluding at the end [...]
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