Investing

In-Plan Annuities: A New Twist on the Traditional Pension Model

During the 2007–2008 financial crisis, many seniors saw their retirement savings plummet. That lesson is still fresh in the minds of workers who are nearing retirement today. In the face of market uncertainty, many worry that their retirement savings won’t last through their senior years. If your company doesn’t offer a traditional pension benefit, several financial service companies have in-plan annuity options for 401(k) plans that may help address these concerns.

Investing in Collectibles

From antiques to vintage clothing, collectibles can provide hours of enjoyment for a true connoisseur. They can also be a wise investment if an item appreciates significantly over time. But investing in collectibles can have significant tax consequences. Here’s an overview of pros and cons, including the federal tax rules for recognizing gains and losses — and deducting expenses — related to collectibles.