The Malcolm On Money blog is updated monthly with new content related to personal finance. Malcolm covers topics such as investments, taxes, insurance, retirement, and executive benefits.
In April 2016, the Department of Labor released its “Fiduciary Rule” to the public. Though the rule was formally vacated in 2018, consumers’ awareness of the term fiduciary remained. By definition, a fiduciary is an individual or organization that takes on the responsibility of acting on behalf of another person or entity. They are duty-bound to act with the utmost honesty and integrity in any matters of law and/or finance.
Read MoreAt first glance, variable annuities sound like a great retirement income solution for any pre-retiree who wishes to simplify their financial planning efforts. While variable annuities do have their place in the world, they are not a one-size-fits-all solution. When deciding whether to put money into a variable annuity versus another type of investment vehicle, it is advisable to first weigh the pros and cons.
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