Single life pays for one person’s lifetime joint life pays for both spouses’ lifetimes. What’s more, many annuities recently slashed lifetime income guarantees and lowered caps on investment returns in a scramble to reprice products after the Federal Reserve cut interest rates to near zero in March, making them much less appealing for retirement savers and handing critics of these insurance-investment hybrids fresh fodder to caution investors to steer clear.Ĭash Refund: When an investor dies, any remaining principal is paid to heirs in a lump sum. And they have a reputation of being oversold by commission-motivated insurance agents. Fees can be high and either layered or hidden. They are complicated at a glance, and even more complicated when you look under the hood at the hundreds of iterations on the basic fixed and variable annuity structures. Indeed, annuities have long had a suspect reputation. People would come to us with annuities they were sold but didn’t need. “I’ve always had a negative view of annuities. “When you look at the probability of a financial plan’s success with and without an annuity, it can be like night and day,” says Shannon Stone, an advisor at DHR Investment Counsel in Oakland, Calif. 9 Cheap Retail Stocks With High Expectations for Earnings.Facebook Could Be Facing More Antitrust Pressure From the FTC.The Tuscaloosa County Emergency Management Agency will test its outdoor sirens at noon. So as not to disturb students taking final exams, the University will not conduct a test of UA Alerts or the public address system on Wednesday, May 3. Learn more about UA’s pools on the University Recreation website. The Outdoor Pool Complex at the Student Recreation Center will be open daily from May 22 through Aug. The University of Alabama has four pools on campus to serve students, faculty, staff and visitors. Get more water safety advice from the American Red Cross. Always keep a mobile phone close by when you’re on or near the water so you can call for help if needed. Learn first aid, CPR and how to use an AED. Don’t use alcohol or drugs while engaged in any aquatic activities.If you’re unsure of the depth of the water, don’t dive. Only dive in deep water where there are no obstructions.Inexperienced swimmers and boaters should wear U.S.Make sure you know about potential hazards like the depth of the water, currents, riptides and boating areas.Never swim alone and only swim in designated areas.Even if you are a strong swimmer, know your limitations.If you don’t know how to swim, look for swim lessons in your area. Here are some safety tips if you’re planning to be on the water: A boating or canoe trip can turn tragic if basic water safety guidelines are not followed. And it doesn’t have to be while swimming. Most aquatic emergencies happen quickly and when least expected. While children are at the highest risk, anyone can drown. Simple safety tips can help you enjoy the water this summer. Whether your summer plans include a trip to the beach, a day on the lake or just an afternoon at the pool, if you’re planning on swimming or just being around water you need to consider safety first.
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