What Are Bonds: How They Work & How to Invest

A bond is a type of debt issued by a corporation, government or other organization where the purchaser pays a certain amount to purchase the bond and, in exchange, will receive either a lump sum after a certain period of time or specified recurring payments over a period of time. For example, you might pay $50 to buy a bond that will pay you $75 in 10 years or will pay you $10 per year for the next seven years.

The Pros and Cons of Pensions vs. Annuities

Many companies offer employees a choice between monthly annuity payments or one-time lump-sum retirement accounts from which they can draw pension payments as necessary. These two retirement options are very different and your choice can impact your future financial security.

Finding the Right Financial Advisor

Finding a good financial adviser is a little like deciding on a marriage partner. It involves evaluating a variety of elements — experience, standards, goals and philosophy — and determining how well your particular styles mesh. Here are a few tips and questions you should ask before you say, “I do,” with a financial adviser.