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Annuities are a type of investment vehicle that provide for the growth of assets that are tax deferred. If an individual is considering social security, an election to receive a benefit check can be made between the age of 62 and 70. The social security system can save money by offering options similar to...
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2011 was a great year for indexed annuities, and 2012 is poised to be even better. While quite a few major insurance companies have looked down upon indexed annuities in favor of variable annuities, the trend seems to have lessened over the last few years. Annuities that are linked to major financial indices such...
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Over the past year, capital markets around the world have been overcome with fear and uncertainty thanks to a number of economic crises. The United States and much of Europe have been increasingly burdened by government debt, which has led to numerous credit downgrades and fears of a widespread credit crunch. In addition, economic...
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AIG, one of the worst performing stocks in the market over the past three years, managed to break through its resistance level at $23.17, a technical indicator that some market analysts believe could be a harbinger of positive short-term trading momentum. AIG closed trading on Thursday at $23.22, a nearly two percent move to...
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As of this writing, the gold price has fallen nearly $350 since its peak of $1,920.30 back in September. The months-long pullback in the gold price has divided investors as to which way the winds are blowing when it comes to the future of the yellow metal. On the one hand, bearish investors are...
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ING Banking announced that it would be conducting a $7.76 billion debt swap in order to bolster in capital reserves as it attempts to solidify its balance sheet and meet the tougher Basel III capital requirements that banks are expected to meet by the end of the decade. Thanks in part to the continued...
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Concern about Europe’s failure to address the continent’s debt crises caused the gold price to fall for the fourth consecutive day, settling at $1,577 per ounce. That’s down $323 since the gold price hit a high of $1,900 last summer. Investors are seeking avenues to cover losses in equities and other commodities, as the...
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Gold price has been playing on both the dollar value and the European debt crisis. But the focus lately is mostly on what’s going on in the Euro zone. On Wednesday, ahead of another European summit aimed at resolving its debt crisis, gold price climbed higher on concerns that leaders at the meeting won’t...
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Gold traders in the Asian financial exchanges were mostly showing restrain at middle of the week, notwithstanding the possibility of a resolution to the Eurozone debt crisis. Spot gold prices traded at $1,727.30 an ounce during the middle of the trading session on Wednesday, slightly down from its closing price, and mostly fluctuating for...
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The stock market has been bouncing up and down with prices fluctuating like crazy, but have we seen the peak price for gold? If you told someone ten years ago that the current gold price was going to skyrocket and more than quadruple, they’d have looked at you like you were nuts. And they...
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