What Are the Disadvantages of Investing in an Annuity?

disadvantages of an annuity
What are the disadvantages of investing in an annuity? First, let’s examine what we mean by “annuity”. Dividend.com describes annuities saying a customer purchases an annuity plan using a single big payment or smaller sets of contributions. “The financial institution distributes money back to you for a certain time frame, depending on what kind of annuity you purchase. The money you put in...
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How to Spot and Avoid Credit Card Skimmers

Avoid Credit Card Skimmers
Do you know how to spot and avoid credit card skimmers? These devices are responsible for a high amount of credit card and debit card fraud and identity theft; when attached to an ATM or any other card swiper device these skimmers harvest account numbers, PINs, and other data. Many shoppers don’t know they have been the victims of a card skimmer until its’ too late…unless they know what...
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Are You Making These Credit Mistakes?

Credit mistakes
How many credit mistakes have I made in my life? Plenty. Missed payments, continued missed payments, not monitoring my credit, carrying balances that are too high…fixing all that can feel daunting at first. In fact, it can feel like an unattainable goal but I learned to ignore that feeling and press on. Are you making credit mistakes that can cost you more money than you should be paying? There...
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Coronavirus And Identity Theft

Coronavirus And Identity Theft
  One of my own personal experiences with identity theft started with a telephone call from a moving truck rental agency, wanting to know where their moving truck was and why I hadn’t dropped it off as per the contract. The moving company was three states away from me, and I had never lived there or anywhere near it. What we both learned was that identity thieves had managed to fake a drivers’...
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Protect Credit Scores: Keep Paying Your Bills During COVID-19

Keep Paying Your Bills During COVID-19
Credit scores are more important than ever. The coronavirus pandemic and the economic impact of COVID-19 has caused millions of people to apply for unemployment, ask for mortgage relief, and take a critical look at their finances. But why should you keep paying on your mortgage and bills during coronavirus? There are some simple reasons, and all of them have to do with your future AFTER the outbreak...
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