Warning: Some Annuity Surrender Charges Lock Up Your Money for 10 Years or More
Yes, some annuity surrender charges can lock your money away for 10 years or longer. If you withdraw funds from a deferred annuity during the surrender...
Category Strategies
He Missed Two RMDs and Received a $14,700 IRS Penalty He Couldn’t Afford
Missed Required Minimum Distributions can trigger severe IRS penalties that devastate retirees already living on fixed incomes.
At Least 1 in 4 Retirees Will Be Targeted by a Phone Scam This Year
While the precise statistic of "1 in 4 retirees" may vary by source, the data is undeniably alarming: four out of every ten older Americans—40...
$2,300 Average Monthly FERS Pension Is Not Enough to Cover Basic Living Costs in 23 States
A monthly FERS pension of approximately $2,300 is inadequate to cover basic living costs in at least 23 states, according to affordability analysis...
Reverse Mortgage Risk: What Most Americans Don’t Know Could Cost Them Thousands
Most Americans believe that a reverse mortgage offers a safe way to tap into their home's equity without monthly payments.
TSP Mismanagement in 2026: The Numbers Are Worse Than You Think
The Thrift Savings Plan is failing federal employees and military families in measurable, quantifiable ways in 2026—and the problem is significantly worse...
She Trusted a Financial Advisor Who Was Not a Fiduciary and Lost $73,000
When you work with a financial advisor who is not a fiduciary, you lose a critical protection that could cost you tens of thousands of dollars.
Fact Check: Are FERS Pensions Inflation-Protected? The Answer Depends on These Numbers
FERS pensions do receive inflation protection through cost-of-living adjustments, or COLAs—but that protection comes with significant caveats that often...
At Least 45% of Catch-Up Contribution Eligible Workers Make Zero Additional Contributions
Almost half of all workers eligible to make catch-up retirement contributions are not putting any additional money into their accounts.
Financial Advisor Fee Crisis Explained in One Statistic That Will Shock You
The shocking statistic is this: the average annual retainer fee charged by financial advisors has surged 52% in just three years, jumping from $4,484 in...