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Immediate fixed annuities: create your own pension for guaranteed lifetime income

 Immediate fixed annuities are a way to create your own pension from your 401(k) or IRA retirement funds. Immediate (not deferred) fixed (not variable) annuities are plain-vanilla products that provide a predetermined income stream that starts paying out right away.While typically sold but insurance salespeople who earn a commission, annuities are also available direct from…

Median CEO Pay Sets Fifth Straight Record

 “Median pay reached 413.4 million for chief executives of the biggest. U.S. companies in 2020, setting a fifth straight annual record in a year when businesses and their leaders battled a global pandemic” (Theo Francis & Inti Pacheco, The Wall Street Journal, 6/2/21).  Seven CEOs were awarded compensation of more than $50 million in one…

Lead and Radon Dangers in Your House

Detroit residents aren’t the only Americans who have to worry about lead in their drinking water. Lead, a toxic metal, is common in houses built before 1986.  Radon is a naturally occurring radioactive gas released from the ground and the second most common cause of lung cancer after smoking.  A variety of DIY testing kits…

10 Social Security Rules Everyone Should Know

 Check this link for 13 slides explaining Social Security. Thanks to Emily Brandon writing for US. News and World Report. https://money.usnews.com/money/retirement/social-security/slideshows/10-social-security-rules-everyone-should-know?slide=1 Source: Financial Planning for Women

9 Critical tax tips for Self-employed

Laura Saunders write the Tax Report for The Wall Street Journal and shares these 9 tips for freelance, gig, online sellers, consultants, independent contractors and other workers who don’t have an employer.1. Track your income. Even if you are paid by someone else, they may not send you the appropriate 1099 forms. It’s your responsibility…

The Soaring Stock Market

Wondering why the stock market keeps going up? Concerned that we’re in another bubble? How much longer will the second longest bull market in history last? Should you sell stocks? Should you buy more stocks? NPR’s Chris Arnold addressed these questions on “All Things Considered” on Friday March 3. “To get some answers (h)e called…

Long Term Care: Rely on Saving Rather Than Insurance

Teresa Miller, the Pennsylvania insurance commissioner, and the head of the Long Term Care Innovation Subgroup says Americans must save more for potential long-term care costs and rely less on insurance. (See related posts about problems with the LTC insurance industry.) More savings may be the best option for the well-off but most Americans suffer from far…

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Financial Planning for Women (FPW) is an educational website and blog to educate and encourage women to take more responsibility for their financial security. Check the blog for updates and become a follower at: http://fpwusu.blogspot.com FPW is on Facebook too! Check the FPW Facebook page for updates and like the page at: http://www.facebook.com/FinancialPlanningforWomen