Higher interest rates are making annuities more popular than ever. But despite rising annuities sales, misunderstandings keep many people from taking advantage of annuities. Insurers have been dealing with waves of applications in 2023 as yields on multi-year guaranteed annuities (MYGAs) leapt to 3%, 4%, and then above 5%. Let’s look at the misunderstandings that
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Still haven’t filed your taxes? There are certainly better ways to spend a weekend but if your weekend plans include tackling your annual Form 1040 and you missed Tuesday’s “Ask Me Anything” session, keep reading for a recap of some of the questions and answers and more information for last-minute filers. Do I Need To
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Zamrznutitonovi | Istock | Getty Images New government inflation data shows inflation is cooling — and that could point to a lower cost-of-living adjustment, or COLA, for Social Security beneficiaries next year. The Consumer Price Index for all Urban Consumers, or CPI-U, rose 5% from a year ago and 0.1% in March, according to data
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Social Security is routinely clawing back benefits it claims it paid by mistake over years if not decades. This policy is cruel and unusual. It’s based on Social Security’s despicable mantra: Our mistake is your mistake. It leaves 77 million Social Security recipients living in constant fear of having benefits received for years, if not
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