I'd like to research the payout difference I'd get when I retire if I go with annuities instead of a traditional 401K for part of my money. Diversifying my retirement plan to protect against another stock crash can help me retire safely.
Smart idea, especially in these times, that is important. Get started on your research and I know you will come up with a strong plan!Blake Y. from Oxford, NC
I would like to get a monthly income for the rest of my life by buying an annuity. I plan to accomplish this financial goal by reducing my monthly expenses so that I can save enough money for this purchase.
AnswerWhen looking into stock, the most important thing is to diversify your money. This way, all of your eggs are not in one basket and if for some reason a company tanks, all of your money will not tank along with them.John C. from St Louis, MO
How do I keep credit debt from affecting my finances negatively?
AnswerIf you can afford it, pay your credit card balances in full every month. If you can't, pay as much towards the outstanding balance (don't just pay the minimum balance as credit cards are notorious for charging high interest rates that will set you back on your finances).Leslie A. from Santa Fe, NM
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