A blog about Finance and more. Annuity fees pay for the cost of administering and maintaining the plan. They are also how the insurance company makes money off of annuities. Unfortunately, such fees can greatly add to the cost of investing so you should be aware of them. Something to remember is that people that sale annuities for a living will try to sell you the best plan for them not the best plan for you. They will try to s.

What is a Progressive Income Tax? January 11, 2012. A progressive income tax is supposed to take more money from persons with higher incomes. The basic idea is that the more money you make, the more taxes you will pay. The Politics behind the Progressive Income Tax. Originally the tax worked much as they had intended and only the very we.

The Comprehensive Guide to Life Insurance and Annuity. How Do Indexed Annuities Work. An annuity is actually a contract between an individual and an insurance company. It guarantees that the insurer will make regular payments to a beneficiary in exchange for a sum of money. The advantage to this arrangement is that it can guarantee retirement income the disadvantage is that the payments are very vulnerable to inflation.

Your Daily Guide to Finance. Inflation is something that we seem to hear about everyday yet most of us know little about it. This is unfortunate and dangerous because inflation is one of the most powerful financial forces out there. It has brought down governments and destroyed entire economies in the past. Governments or counterfeiters could simply print more paper money but precious metals were rare and hard to come by. There have also been cases in history when government.