By Steve McDonald Perhaps it’s because I’m getting older (I turned 66 last week), but as time goes on, my opinions about money and investing are changing.
Ten years ago, I didn’t own a single dividend-paying stock. Virtually all of my stock positions now earn at least a 3.5% dividend.
That’s a huge shift for me.
But what is most surprising to me is how my opinion of annuities has changed.
The last year I worked in the brokerage business, I was with a bank that specialized in converting maturing certificates of deposit (CDs) to annuities. Essentially, when a person came in to renew a CD or …read more
