Health

Charitable Gift Annuities Impacted by Financial Crisis

The financial crisis has begun to have an impact on something known as a charitable gift annuity or simply gift annuity. Tax deductible gifts to charitable organizations can be made in exchange for the promise of guaranteed, annuity-like payments from the charity to the donor. Some charities purchase insurance policies to fund the promised annuity payments while others simply rely on existing assets and the overall financial health of the organization. Not surprisingly, financial market turmoil...

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Charitable Gift Annuity

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Charitable Gift Annuity

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Consider 5 Basic Risks When Thinking About How to Plan for Retirement

How much do I need to save for retirement? How do I plan for retirement? Both are pretty basic questions that are top of mind for most people who are at or approaching retirement age, and the uncertainty and anxiety around these questions have only increased in light of the financial crisis. A recent article lists 5 risks that should be on the radar of anyone contemplating retirement: Inflation Longevity risk Market risk Health problems and expenses Losing a job or unexpected retirement Source...

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Wine is Considered Twice as Effective as Beer in Adding to Longevity

Recently published research by the Journal of Epidemiology and Community Health provides good news for moderate drinkers. The study indicates that both wine and beer may contribute to longevity . The drinking and eating habits of 1,373 men were followed over the course of 4 decades. Results indicate that a half glass of red wine per day may add as much as 5 years to life expectancy . Moderate beer drinkers benefit as well, but only half as much at 2.5 years. Light alcohol consumption--...

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Financial Crisis Will be Seen Fundamentally as a Crisis for Retirees and Near Retirees

Professor James Galbraith provided a keynote address at a recent industry conference sponsored by NAVA—the Association for Insured Retirement Solutions.

Professor Galbraith comes from the Economics department at the LBJ School of Public Affairs at the University of Texas at Austin. A Keynesian and an author most recently of The Predator State, Professor Galbraith has been a consistently strong and vocal advocate of government stimulus and intervention in response to the financial crisis.

Professor Galbraith’s basic message is that...

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Sequence of Returns Risk