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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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’ license...
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Tax Scams And Government Impostor Schemes During COVID-19

Scams to watch out for COVID 19
Have you encountered scams during COVID-19? In any emergency, a certain number of bottom-feeding scammers come out of the woodwork to cheat hurting people out of relief money, mortgages, and more. In the age of coronavirus relief, financial bailouts, and government stimulus checks, it’s important to be vigilant about your personal data and how you respond to unsolicited calls, texts, social media...
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Avoid Coronavirus Scams And Protect Your Savings

coronavirus scams
People are being victimized by coronavirus scams. It’s bad enough that a vocal minority keeps insisting on endangering the greater public good by breaking COVID-19 quarantine measures to protest having to stay inside. To make matters worse there are active coronavirus scams circulating that have promoted action from government agencies such as the Federal Trade Commission and the Consumer Financial...
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