Invest Yourself For a Better Retirement™
When I was a consulting actuary, I once worked on an assignment for a life insurance company that involved examining their historical lapse rates – the percentage of customers that terminate their insurance each year. When I first reviewed the results, I was puzzled by a “spike” a few years after the purchase date –… Read More →
A little over a year ago I ran my first half-marathon. Being a novice, I learned many things the hard way, such as not allowing my adrenaline to get the better of me at the beginning of the race. One decision that proved to be shortsighted was not bringing the complementary glucose gel packets I… Read More →
If you could buy an insurance policy on your investment portfolio that made you whole if losses exceeded a specified amount, would you be interested? Believe it or not, you can create your own insurance policy that does exactly this using a security called a “put option“. OK, some of you who are reading this… Read More →
“Gold gets dug up out of the ground someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” Warren Buffett I have never been a big fan of gold as an investment,… Read More →
Mention annuities to someone preparing for retirement, and it is rarely received with a warm reaction. Responses typically involve uttering comments such as “rip off”, “complicated”, “big commission”, or some similar characterization, usually in a not-so-subtle aversive tone. However, it has also been my experience that these same people are unable to describe an annuity, how… Read More →
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