Test your financial IQ

A recent global financial literacy study by Standard and Poor’s reveals that only 57 percent of US adults are financially literate. Since April is Financial Literacy Month, we put together a word-list to help our readers become more familiar with common financial terms. Having a better understanding of the jargon…

Pros and cons of annuities

An annuity, from a very basic standpoint, is an insurance contract. Investors give a set amount of money to an insurance company and, if they “annuitize” their contract later in life, they receive guaranteed income until they pass. The vehicle is a low-risk tool that can help bolster retirement plans,…

Are you too conservative?

Since 401(k)s became popularized almost 30 years ago, a significant number of US employees now rely on the vehicle as their primary source for retirement income. However, there is one threat to retirement investors that can unhinge even the best of plans. Being too conservative with 401(k) allocations can have…