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WKBT February 12, 2021 10:32 AM David Rodeck - Forbes Advisor Posted: Updated: February 14, 2021 8:42 AM Do you own cryptocurrency? Maybe you bought Bitcoin years ago when it was priced at $100, and decide to take some big profits in 2020. Or perhaps you joined the revolution late and bought some Ethereum, only to turn around and sell it off for a quick buck. Either way, you may owe taxes on your 2020 crypto transactions, and you need to understand how it impacts your tax bill. How Do Cryptocurrency Taxes Work? For better or worse, capital gains tax rules apply to cryptocurrencies l...

WKBT February 4, 2021 8:50 AM David Rodeck - Forbes Advisor Posted: Updated: February 6, 2021 5:26 AM A deferred annuity is an insurance contract that generates income for retirement. In exchange for one-time or recurring deposits held for at least a year, an annuity company provides incremental repayments of your investment plus some amount of returns. This helps you accomplish two financial goals: Building up your nest egg for retirement and then generating income once you get there. Here’s how deferred annuity contracts work and when they might make sense for your financial sit...

WKBT January 13, 2021 11:43 AM David Rodeck - Forbes Advisor Posted: Updated: January 15, 2021 10:24 AM When you retire, one of the greatest challenges is making sure you don’t outlive your money. With a single premium immediate annuity (SPIA), you can turn some of your savings into a stream of guaranteed payments that can last for your entire life. This can make SPIAs valuable retirement tools, but they’re not perfect for everyone. Here’s how to decide if a SPIA is right for you and your retirement plan. What Is a SPIA? A SPIA is a type of immediate annuity funded with a sing...

Channel3000.com January 6, 2021 11:46 AM David Rodeck - Forbes Advisor Posted: Updated: January 8, 2021 5:36 AM A single premium immediate annuity (SPIA) is one of the simplest types of annuity contracts. With a SPIA, you make a single large deposit with an annuity company and your monthly payments begin immediately. While SPIAs are easy to understand, buying them requires some foresight. You purchase a SPIA with a single lump sum, instead of making incremental payments over time as with some other types of annuities. What Is a Single Premium Immediate Annuity? A single premium imme...

WKBT January 6, 2021 11:46 AM David Rodeck - Forbes Advisor Posted: Updated: January 8, 2021 5:43 AM A single premium immediate annuity (SPIA) is one of the simplest types of annuity contracts. With a SPIA, you make a single large deposit with an annuity company and your monthly payments begin immediately. While SPIAs are easy to understand, buying them requires some foresight. You purchase a SPIA with a single lump sum, instead of making incremental payments over time as with some other types of annuities. What Is a Single Premium Immediate Annuity? A single premium immediate annui...