Tag: emergency savings
When Trump accounts were introduced this July, I wondered: Should I take advantage of it? This somewhat convoluted vehicle is really a long-term retirement savings account for minor children. How should it stack up against my other savings priorities? Financial planning starts with goals such as paying off debt and saving for retirement, college, a…
Emergency expenses are eating up a lot of retirees’ money. A few months ago, a colleague asked me what I thought about annuities in 401(k) plans. Before Harvard reclaims my Ph.D., let me lay out the merits of annuities. Annuities are contracts that provide a stream of monthly payments in exchange for a premium. T…
