As you navigate the complex world of personal finance, it’s easy to feel overwhelmed by the many options available for managing your money. One critical decision you’ll need to make is whether to seek professional financial advice and, if so, how to pay for it. At SJB Global, we believe that a fee-based model is the most transparent and client-centric way to provide financial advice.
An MYGA (Multi-Year Guaranteed Annuity) is a type of fixed annuity that provides a guaranteed interest rate for a set period of time, typically between three and ten years. Here are some potential benefits of buying an MYGA right now:
Inflation is a constant risk for retirees, particularly in countries where sticky inflation is above the norm. Sticky inflation refers to a scenario where prices remain high for a prolonged period, even when the underlying factors that caused the price rise have already subsided.
When you seek financial advice, you want two things – good information that will help you make informed decisions, and an advisor who has your best interests at heart. Unfortunately, the commission-based structure of the financial industry means that you may not always get both of those things. In this blog post, we’ll explore how commissions can influence the financial advice you receive and what you can do to try to protect yourself.
When it comes to financial planning and investing, there are a lot of acronyms and jargon to wade through. It can be difficult to keep track of everything, let alone understand what it all means. That’s why it’s important to be aware of the fees charged by financial institutions, which can eat into your investment returns without you even realizing it.