No. Some investment companies sell annuities without charging a sales commission or a surrender charge. These are called direct-sold annuities, because unlike an annuity sold by a traditional ...

Medicare is funded by the Social Security Administration. Which means it's funded by taxpayers: We all pay 1.45% of our earnings into FICA - Federal Insurance Contributions Act - which go toward ...

A pension is a retirement account that an employer maintains to give you a fixed payout when you retire. It's a kind of defined benefit plan. Your payout typically depends on how long you worked ...

Activist hedge fund manager, Dan Loeb of Third Point, has a 6% stake in Sony, making him the Japanese company's largest shareholder. Now he wants to split it up. This is the letter he sent to Sony.

These days, Daymond John is best known as the impeccably dressed star investor of reality show Shark Tank, but his reputation -- and his millions -- were first made as the co-founder and chief ...

Not until you reach retirement age. Typically that's 65, though many pension plans allow you to start collecting early retirement benefits as early as age 55. If you decide to start receiving ...

Dinner at Meredith Ackley’s house is like stepping into a dream. The walls are painted pink and purple. There’s a heated patio and arching branches over the backyard. The sun beams through the ...

There are two basic types of annuities: deferred and immediate. With a deferred annuity, your money is invested for a period of time until you are ready to begin taking withdrawals, typically in ...

Many employers' matches come in the form of company stock - and free company stock is a heck of a lot better than nothing. However, in order to limit your risk, it's wise to move out of the stock ...

A financial safety net for older Americans, Social Security was established in 1935 by the Social Security Act. Before that, support for the elderly wasn't a federal concern - it mostly fell to ...

AAA American Automobile Association, Inc.

US Airways and American Airlines are joining forces in an $11 billion deal to create the world's largest airline.