→ Peter Katt CFP, LIC, is sole proprietor of Katt & Co., a fee-only life insurance advising firm located in Kalamazoo, Michigan (269/372-3497); www.peterkatt.com.
In This Issue
June 2008 Issue
Financial Planning Immediate or Income Annuities Annuities are primarily used as a means of securing a steady cash flow during retirement. Unlike a deferred annuity, an immediate annuity has no accumulation period--an investor simply pays the insurance company a lump sum, and then receives the stream of payments for the set time period.
Stock Strategies Direct Purchase Plans: The Foreign Option With current growth rates overseas outpacing U.S. stocks' growth, many investors are casting a longing look at the foreign markets. One approach is to purchase ADRs, certificates that trade on a U.S. exchange but represent foreign firms. And now, several banks have set up direct purchase plans for their ADR firms.
The American Association of Individual Investors is an independent, non-profit corporation formed for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research.