Key takeaways An annuity can help you save for retirement and has favorable tax benefits. Experts caution that annuities can be complex and risky, carry high fees and are difficult to cancel. Some alternatives to annuities include a traditional investment portfolio, managed payout fund or life insurance policy. One of…

When it comes to car insurance, the age-old question is, How much car insurance do I need? Here’s a quick-and-dirty answer: You need $500,000 worth of liability insurance. That’s the type of auto coverage you’re legally required to have to drive anywhere. And that’s the bare minimum amount of coverage…

Marko Gerber/ Digital Vision/ Getty Images Key takeaways Qualifying Morgan Stanley account holders can receive an annual credit that offsets the annual fee for The Platinum Card® from American Express. Cardholders of The Platinum Card® from American Express exclusively for Morgan Stanley can also add an authorized user without paying…

Ever wondered why we need so many acronyms to talk about health plans? There are a lot of letters! But look at it this way. It’s way easier to say PPO than preferred provider organization. Or HDHP instead of high deductible health plan. Shortening the names is a good start!…