Income
Income can refer to cash flow derived from a variety of sources, including personal earnings, investment earnings, businesses or even real estate. These forms of income are generally referred to as earned income. There are also sources of unearned income, particularly when discussing investments. Dividends, capital gains and interest are common examples of unearned income.
Record High Deficits for Defined Benefit Pension Plans
Why Low Interest Rates Increase the Cost of Your Personal Pension Plan
Retirees and those saving for retirement should think of themselves as the managers of their own personal pension plan.
Many people used to have access to a traditional, defined benefit pension plan through their employers. With a defined benefit pension plan, someone else (an employer or professional managers hired by an employer) assumes responsibility for managing plan contributions, investments and income distributions.
For most of us, the defined benefit pension...
Understanding Swiss Annuities
While it might be an unusual time to provide an explanation of Swiss annuities given what has been taking place of late with the Swiss franc and related decisions made by the Swiss National Bank, it still makes sense for any financial services consumer to understand potential benefits of these products.
A...
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Five Questions for Don McNay
Don MaNay is a financial columnist, a Huffington Post contributor and an expert in the field of structured settlements.
Don’s financial guidance is refreshingly straightforward, filled with good common sense, and geared towards a Main Street audience. His most recent book is titled Wealth Without Wall Street: A Main Street Guide to Making Money.
We had an opportunity to speak to Don about his financial practice and his most recent book.
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