Spotify Wrapping your Money.
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Our Thoughts & Insight -
Surrender charges are one of the many terrible aspects of a 403(b) annuity
About 76% of assets in 403(b) plans are in annuity-based products. Almost all of those annuities contain surrender charges. So, before investing in one of these annuities it pays to understand how these charges work and what it means for you.
You think the defense of the Detroit Lions is bad? Most people’s personal defense is even worse.
According to the Life Insurance and Market Research Association, only 57% of American adults currently have life insurance! That is down two percentage points from 2018 and a full six points from five years ago. Of those who have life insurance, 32% only own group coverage through their employer or some sort of work. LIMRA estimates that group coverage usually leaves a coverage gap of an average of $225,000.
Lots of choices are a good thing, right? In the 403(b) realm, not so much.
Do you ever feel overwhelmed by too many choices? The other day I walked into a specialty deli shop that had been highly recommended. A good friend – a self-proclaimed ‘foodie’ – gave the place high marks and said I should try it, however he failed to mention what...
Thankfully the Tigers season is over. But it was a good reminder of recency bias.
Postseason baseball is upon us, but not here in Detroit. However, back in April some fans and pundits thought it was a distinct possibility. Cue, recency bias. A flaw seen in both many fanatical diehards and financial decisions.