A contract that involves the insured paying a premium to an insurance company in exchange for protection against the risk of a large loss.
There is a key point of distinction that exists in the world of financial advice and vast majority of people are unaware that it exists.
The defining issue is whether a...
The Center for Retirement Research at Boston College released a brief and an update of their National Retirement Risk Index (NRRI). A link to the brief summary can be found here.
The NRRI shows the percentage of American Households that are at risk of failing to maintain their standard of living in retirement. The index shows that 44% of American households are at risk. This figure increases to 61% when healthcare costs are included, and to 64% when the...
It really depends on what your overall financial needs are. It is true that a certificate of deposit or CD is insured and less costly than an
