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MORE MONEY ARTICLES

   What is an Annuity?

An annuity is a contract between you (the purchaser or owner) and the issuer (usually an insurance company). In its simplest form, you pay money to the annuity issuer, the issuer invests the money for you, and then the issuer pays out the principal and earnings back to you or to a named beneficiary.

Two distinct phases to annuities

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   Reverse Mortgages Come to the Rescue for Senior Homeowners

By: Beth Paterson,Executive Vice President, Prestige Mortgage LLC/Reverse Mortgages SIDAC

Are you looking for some funds to supplement your retirement? Do you need to modify your home to meet your needs? Are you looking for a way to pay for the home health care you need? Do you have a mortgage and find making the payments is a struggle? Or maybe you want to continue making your trip south during the winter but funds are short to do so.

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   Annuities – Common Uses


By Paul A. Pouliot

Life insurance companies first developed annuities to provide income to individuals during their retirement years.

This function is in contrast to the benefits that a life insurance policy provides to your beneficiaries after your death. Although annuities were first developed to fund an annuitant’s retirement years, there is no requirement that an annuity be used only for retirement purposes. In fact, annuities may be and are used to fund other financial goals, such as paying for a child’s education or starting a business.

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   Eight Signs of Elder Money Scams

Avoid unpleasant surprises.

Keeping an eye out for these tell-tale signs can tip you off that something is awry.

Here is a checklist of eight red flags to look for.

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Preparing for Inflation


 

By Paul A. Pouliot

You can forgive Americans for being caught off guard by talk of the potential for more dramatic price increases in the coming years. For the past two decades, inflation has not been a significant concern. In only six years out of the last 20 has the inflation rate (as measured by the Consumer Price Index) turned in more than even a modest annual increase of 3 percent. By contrast, in the prior 20-year period, prices rose by more than 3 percent annually in all but one year. Annual price increases topped 12 percent in three different years during the late 1970s and early 1980s.[1]

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