What are Mutual Funds?
A mutual fund follows the risk aversive method of asset allocation - it is a diverse portfolio of securities that is managed by a financial professional or investment company. They will then pool your funds with other investors and make investment decisions on your behalf. This is a great strategy for those unfamiliar with the market and those who do not have time to continually invest in different individual stocks.
Is a Fixed Annuity Right for You?
If your assessment produced more than one affirmative answer then you may be a candidate for a fixed annuity and it would be worth exploring the different types that are available. Fixed annuities are complex instruments and they include many features that need to be fully understood. And, because they are a long term investment, it is important to go into a fixed annuity investment with eyes wide open. If it is determined that a fixed annuity is right for you, they be one of the best investment you can make.
What is a Living Trust?
A living trust, or “inter-vivos” trust, is an estate planning mechanism that enables you to have your property transferred to, and managed by a trust during your lifetime. And, because it is revocable, you can change it at any time depending on your circumstance. After your death, the trust becomes irrevocable and all of its provisions must be carried out by a trustee who is designated by you.