- Annuity IRAs…a bad deal
Philosopher George Berkeley famously suggested that, “Truth is the cry of all, but the game of the few.” I suspect he was on to something or he wouldn’t have had a college and a town named after him. I think of this timeless quote whenever I see an annuity contract lurking within an Individual Retirement Account (IRA).
- Own bonds? Understand “duration.”
Novice investors typically perceive risk in fairly nebulous terms such as the possibility of losing money. However, professional investors tend to evaluate risk in terms of a variety of specific risk elements.