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Posts by Mike Obel:
Transamerica has introduced a registered index-linked annuity (RILA) that lets investors customize the product to best suit their risk profile, timeline, market outlook and financial goals. Known as the Transamerica Structured Index Advantage Annuity, it enters an unusually hot market: Fourth-quarter 2021 RILA sales were 26% higher than the prior year’s level, and last year sales popped 62% over the prior year’s level. Here’s an overview of this new policy. Consider working with a financial advisor as you build a retirement plan. Read more
There’s a bond that pays a 9.62% interest rate and is guaranteed by the U.S. Treasury. Investors should keep some limitations and conditions in mind before investing, but as inflation has topped 8% since March 2022, this could be an attractive option for the fixed-income portion of your portfolio. Consider working with a financial advisor as you seek capital appreciation or capital preservation in a high-inflation environment. Don’t miss out on news that could impact your finances. Get news and tips to make smarter financial decisions with SmartAsset’s semi-weekly email. It’s 100% free and you can unsubscribe at any time. Sign up today. Read more
BlackRock has launched two exchange-traded funds (ETFs) designed to capitalize on what the world’s largest asset manager says are permanent changes in the economy and the market. The new ETFs, iShares Emergent Food and AgTech Multisector ETF (IVEG) and iShares Blockchain and Tech ETF (IBLC), are examples of thematic investing. They aim to benefit from “underestimated investment opportunities” based on emerging structural changes. Here’s what it means for investors. Don’t miss out on news that could impact your finances. Get news and tips to make smarter financial decisions with SmartAsset’s semi-weekly email. It’s 100% free and you can unsubscribe at any time. Sign up today. Consider working with a financial advisor as you seek to position your portfolio to profit from emerging changes in the market. Read more
The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer’s disease drug. The premium hike will put more than a dent in the newly… Read more
The Internal Revenue Service has increased the amount you can contribute in 2022 to your 401(k) and other tax-advantaged plans. In addition, the agency hiked the income ranges for determining… Read more
The latest iteration of President Biden’s Build Back Better bill, the $1.75 trillion social spending initiative that has been struggling to get votes in Congress, now preserves a lucrative retirement… Read more
Inflation is getting harder to ignore. What monetary authorities have been dismissing for months as nothing more than the economic equivalent of a passing rain shower is starting to feel like a… Read more
The Federal Reserve may be losing confidence in its long-standing prediction that current inflation is temporary. Or at least the U.S. central bank appears to be bracing for “temporary” to last… Read more
Older Americans have the opportunity to be healthier and wealthier, but an unsavvy financial tendency is ailing them. A large percentage of American seniors who are saving to cover healthcare… Read more
In addition to introducing two bills in September to remove savings roadblocks and ensure gig workers and part-timers have access to tax-advantaged plans, Democrats have introduced the Portable… Read more
You may be able to profit off your pessimism about the health and durability of Social Security. That may be welcome news for young and middle-age adults who are particularly bearish about the future… Read more
Fees are eating away at Americans’ retirement savings. And they’re woefully ignorant about this occurrence. That’s according to a newly released study from the Government Accountability Office (GAO),… Read more
GameStop’s (GME) share price convulsions are riveting Wall Street and the rest of the U.S. financial establishment. Between Jan. 11 and Jan. 26, 2021, shares of the Grapevine, Texas-based company… Read more
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