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...

Since entering the financial services field in the mid-1980s, I’ve shied away from annuities for a whole host of reasons:  High fees,...