Take a look at index annuities

Q: I went to a dinner recently hosted by someone who was trying to drum up interest in fixed index annuities. She said these kinds of annuities would allow me to benefit from the stock market’s upside while guaranteeing that I wouldn’t lose money if the market went down. It sounds too good to be true, but the products are offered by some very reputable insurance companies. What can you tell me about them?
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Prepare now, avoid bankruptcy later

If you are retired, preparing to retire, or one day hope to retire, I encourage you to read an article in Monday’s edition of the New York Times. The article is titled “Too Little, Too Late: Bankruptcy Booms Among Older Americans.” The article is based on a new report by a group called the Consumer Bankruptcy Project. I found the newspaper article so interesting, I tracked down a copy of the report itself.
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Ideas to tame healthcare costs

Q: I just got hit with another big medical bill. I can’t seem to get ahead. Is there any way to reduce my cost of health care? A: If you are feeling frustrated by the rising cost of healthcare (and who isn’t), here are five things you can do to make sure you get the most for your precious health care dollar. These ideas come from Carolyn McClanahan, a financial planner in Jacksonville Florida who also happens to be a family practice medical doctor. I’m not sure they address your specific frustration, but you may find the ideas helpful.
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Getting ready for 70 1/2

If you are 70 years old, you have probably already discovered that the IRS has special plans for you this year. They have been watching for years as you have socked away pre-tax money into your retirement accounts. Now, they are finally going to get some of the taxes you’ve been avoiding, by requiring you to take minimum distributions or RMDs from your retirement accounts.
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