Improving Your Financial Situation

Do you need help getting your finances in order? Learn tips and ideas for money management and working with a financial advisor.

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Improving Your Financial Situation

After spending years working on my career, I realized that I wasn't in the best financial situation--even though I had worked hard. I owed a lot of money to a lot of different people, and it was really frustrating. Instead of ignoring my situation and hoping for the best, I decided to start working with a financial advisor to get some help. He walked me through basic budgeting, and it was really incredible to see things start to turn around. This blog is all about improving your financial situation one step at a time, so that you can enjoy a newfound sense of freedom.

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When To Consider Taking A Lump Sum Payment For Your Annuity

27 August 2014
 Categories: , Articles

In most situations, the penalties associated with cashing out your annuity make it a bad idea to try and get out early. However, even with retirement annuities that often carry a 10% penalty, early withdraw options can sometimes offer you a financial benefit. Understanding when this is the case involves placing a correct value on the options that a lump sum payment represents. While there is no rule of thumb for making this decision, there are a number of situations where a lump sum payment is likely a smart decision. Read More …