I was thinking recently about financial products you only buy because someone actively sells them to you. Timeshares and variable annuities come to mind. If someone tries to sell you one of these, run! Timeshares are almost impossible obligations to be rid of even if you pay someone to take them. Variable annuities promise continuous income under any circumstances but are full of such high fees that they destroy any benefit.
Archive for the ‘finance’ Category
I hear recommendations that you should wait until February 15 to file your itemized taxes this year. This is because the tax rules are so full of last-minute changes that financial institutions might take that long to send you your 1099 forms. Of course, if you’ve already filed, party on, dudes!