The Same Question Always Shows Up I’ve spent a lot of years talking with people who’ve done very well financially. Business owners, executives, professionals, and professional athletes. Different careers, different paths, but eventually the same question comes up: how do I make sure the money lasts? That question doesn’t usually show up early, when the income is strong. It shows up later, when the paychecks slow down or stop. By then, the math matters a lot more. Professional athletes are the...

By: Steve Schaumberger I have been in the insurance business for over three decades. Over the past few years, I have developed a strong understanding of annuities and personally purchased several as part of my own portfolio. What I’ve learned during this process has truly been eye-opening. Specifically, annuities have a great deal in common with the famous marshmallow test which was conducted in the late 1960s . Let me explain. In the original experiment at Stanford University, a...

When I first heard about cash balance plans, I brushed them off. They sounded complicated. Too niche. And frankly, like something that...