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Q: My wife and I are in our 70s and both retired. We are fairly financially secure. But every week, we get invitations to seminars and "free dinners" on various retirement and money investing plans. We toss most of them in the trash. But now our financial planner is encouraging us to invest in annuities. At our age, what are the pros and cons of annuities?
*The price and date might not be the actual time and price at which the transactions were made. In the case of institutional owners, the date is stated as the last day of their fiscal quarter. The prices are estimates if no accurate information available.
Q:Over the past few years I have been inundated with offers for free financial seminars that include invitations to a free dinner or lunch.
Retiring early will dramatically reduce your pension, particularly if you have left saving for retirement until later in your working life.
Question: My father-in-law is 58 years old and has about $300,000 saved for retirement. He plans to retire with this amount plus whatever he can save in the next seven years. I expect he will qualify for only a little in the way of Social Security.
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