3 Retirement Mistakes You May Be Making Right Now kiplinger.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kiplinger.com Daily Mail and Mail on Sunday newspapers.
Getty Images
Imagine you walked into a Las Vegas casino and you brought all the money you had, let’s say $1 million, and the casino gave you $154 million to gamble with. How smart do you think that would be for that casino? Well, right now Goldman Sachs Bank USA has 154 times their assets in total gross derivatives!
A number of other giant financial banks are also leveraging up using credit default swaps and similar derivative contracts:
Credit default swaps were at the heart of the financial crisis in 2008 that brought down AIG. The insurance giant AIG had been selling credit default swaps for years, collecting tiny premiums, confident that the mortgage market wouldn’t collapse, and that they’d never have to pay out a claim.
Getty Images
In uncertain times, investors often look for safety of principal. One popular place to look for financial safety is fixed indexed annuities, but they come with risks that consumers should be aware of.
A fixed indexed annuity’s performance is based on the growth of an external index. If the index is positive, then you are credited interest based on your participation in the index. However, when the index is negative you do not lose money. Your principal is locked in annually and does not directly participate in the stock index.
While you are guaranteed not to lose money due to stock market or index losses in a fixed indexed annuity, you aren’t guaranteed to make money. But that’s not the only risk.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Buck Enterprises Announces Business Acquisition of Financial Services Company Ann Vanderslice .
E.A. Buck Financial ServicesApril 8, 2021 GMT
DENVER, April 08, 2021 (GLOBE NEWSWIRE) Buck Enterprises, a provider of financial planning and wealth management services, announced today its acquisition of Denver-based Ann Vanderslice Retirement Planning Strategies, a recognized leader of information and planning services involving federal employee benefits, federal employee retirement systems, and income planning. The company will continue its services and operations out of its Lakewood and Colorado Springs offices under the DBA Ann Vanderslice Federal Benefits Made Simple as an established subsidiary of Buck Enterprises.
AE Wealth Management Adds Industry Veteran Erik Blankmeyer prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.