Archive for November 6, 2014

Three Questions to Ask Yourself Before You Buy an Annuity

Written by Chris on . Posted in Buying annuities, Cash for structured settlements, Novation structured settlements

Need cash now sell my pension

There is quite a bit of debate over whether or not annuities are a smart option. Some think that they are worthwhile and a smart investment, some feel that they are antiquated and not lucrative, and others only recommend certain types of annuities. What are annuities? In the simplest terms, an annuity is an insurance product, and the main reason people look into buying annuities is to help manage their money in retirement, but whether or not an annuity is right for you depends on your goals and future needs. Here are three questions to ask yourself if you’re thinking about buying an annuity.

1. When will I need this money?
When it comes

Three Things You Can’t Invest in With an IRA

Written by Chris on . Posted in Hard money lenders, Non recourse loan lender

Non recourse borrowing

Preparing for retirement should be one of every working American’s concerns, and for many, it is. Many Americans believe that they will have to work until the age of 80 to be able to retire comfortably, and as it is, almost half of senior citizens in the U.S. are considered to be economically vulnerable. A popular method of preparing for retirement is to open an individual retirement account (IRA), and invest with it.

1. Collectibles
One thing a person can not invest in with his or her IRA is anything that can be considered a collectible. This includes things like stamps, toys, sports cards, antiques, alcohol and wine, and jewelry. One of the reasons people might try to invest in these things is for the tax shelter, but it’s not possible. The taxes must be paid on any financial ga