A Brief History of Annuities

Did you know that most annuity owners have a strong loyalty and commitment to their investment purchases? Nearly 93% report that they still own their first annuity. But before you look into buying annuities, there is a rich history as to why these insurance packages exist, and there are some key facts you need to know. So what are annuities, anyways? These are relatively low-risk investment products sold by life insurance companies usually to individuals looking to help manage their income in retirement. For starters, buying annuities requires you to pay the insurance company a lump-sum premium at the beginning of an annuity contract, which will then be paid back to them over time once they reach retirement. History of annuities: Annuities have only

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How to Sell Your Annuity or Structured Settlement

Structured settlements or annuities are payments, often resulting from a lawsuit or investment, which entitles the owner to receive a set payment every year. There are a few differences: for example, people typically buy annuities as an investment to help manage their income in retirement. Among non-qualified annuity owners, most are female, and 80% have annual household incomes below $100,000. In comparison, structured settlements are widely used in product liability or injury cases; statistics show that more than a third of personal injury claimants are offered structured settlements. However, what both have in common is that they are typically unhelpful when it comes to short-term financial goals: variable annuities particularly have substantial taxes and insurance company charges associated with withdrawi

Three Tips for Better Small Business Management and Greater Profit

Small businesses are the lifeblood of the American economy. According to recent statistics from the U.S. Small Business Administration, they provide over 50% of the country’s private workforce, and also create the majority of new net jobs. As Dr. Chad Moutray, the Chief Economist for the Office of Advocacy has pointed out, “Main Street provides the jobs and spurs our economic growth. American entrepreneurs are creative and productive, and these numbers prove it.” If you’re a small business, you want to be a part of this productivity drive. However, as the old saying goes, it takes money to make money. How can you make your small business an even stronger economic force? Here are three things to keep in mind. 1. Manage Your Money Better It’s easy to slack off when it comes to g

Mutual Fund Performance and Ratings

Mutual fund performance comparison allows an investor to compare the top performing mutual funds and the mutual funds ratings. Mutual funds allow investors to spread out their money among several different stocks and bonds. By investing in mutual funds, one can liquify their funds if they need the money in an emergency. Mutual fund performance is a very cost efficient way to get high profit investment opportunities by watching the mutual fund ratings. Mutual fund performance also allows the investor to have contact with a money manager who can help make decisions about which stocks and bonds to invest in. They will assess risks and do financial research to make sure the investor is keeping with th

A Beginner’s Guide to Paying Canadian Employees Efficiently

You knew that you needed to hire more employees for your expanding business, but the amount of paperwork for employee payroll tax calculations just… scared you. So instead of hiring more people you just piled the work onto your existing employees, and now there’s an impending mutiny, and you need a payroll solution for your business (among other things) and you’re FREAKING OUT. Shhh it will all be okay. This short guide will help you start organizing all of the employee payroll nightmares that have been following you around. SIN for Every Employee Ideally, all of your employees will have a Social Insurance Number (SIN) which lets you know that they can legally work in Canada. If your employees don’t have SINs… you should probably not be on the internet because