Ask the Advisor: Understanding Annuities

By Jonathan Young

Since 2008, Jonathan has been passionate about building trusting relationships with Members to help them reach their financial goals. He believes that financial plans should be built with a specific objective in mind, like living comfortably in retirement, saving for college, or buying a house.

Depending on your investment profile, you may want to consider including an annuity as part of your investment portfolio.  Annuities can have features that provide a more moderate approach to help build retirement savings.  They can also be used to create an income stream you can’t outlive.

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Understanding Market Losses: Paper Versus Reality

In a volatile stock market, your emotions might let new highs and record lows drive your short-term decisions. The drastic ups and downs can make you feel confident one day and queasy the next. When your investment is reaching new highs, you might feel on top of the world. But, when your investment hits new lows, confidence wanes. The market’s volatile nature might even lead you to jump ship on your savings goals. Unfortunately, this could cost you over the long term.

It’s possible to remain calm during what feels like a financial roller coaster ride if you better understand market declines and the need for a smart investment strategy. When you pair the two, you’re more likely to meet your financial targets.

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Why Used Car Buying is on the Rise

Due to a global semiconductor shortage, production on certain new cars has slowed, causing used car sales to soar. Like the housing market, it’s a boon for sellers looking to sell or trade in their current vehicles, not so much for buyers who are paying premium prices for both new and used rides. According to recent data, used-car prices rose by 21% in April since April the same time as last year.1

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Why it Makes Sense to Work With an Independent Insurance Agent

It sounds easy. Make a quick phone call, save thousands a year on insurance. But to get the right coverage for your specific situation, you need to look beyond low annual premiums. While you might find cheaper policies, they may not adequately protect your property or assets. There’s a better way to save money on insurance.

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