Financing Retirement
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…
Last year’s tax bill created a new savings vehicle that starts as early as birth – the Trump account. While these accounts resemble IRAs in some ways, they offer distinct contribution rules, investment limits, and distribution provisions. Like other tax-advantaged accounts – IRAs, Roth IRAs, and 529 plans – Trump accounts come with important nuances…
