Long Term Care and Annuities

Newsletter

It’s a major selling point of many contracts and an easy sales pitch.  “You’ll get a long-term care enhancement if you need it so it’s a win/win!”  Insurance companies didn’t become the most stable financial institutions by giving things away so if you really want long-term care than you need to look at all the […]

Why Would an Annuity Make Sense in 2019?

Newsletter

Annuities barely get a passing thought when the market approaches record returns.  Short-term exuberance is addictive and very few people can remove emotion from investment decisions.  Well 2019 was a year that paid off for everyone who stuck with it.  Trade tensions have eased and the economy seems to keep growing steadily so it may […]

Final Wisdom: Annuities and 2019

Newsletter

It has been an interesting year and quite the opposite from how last year ended.  In December 2018, the market was down and interest rates were up.  Now the market is up and interest rates are back down.  Since most of you are checked out for the holidays I decided to skip the heavy content […]

Good, Better or Best Way to Use an Annuity?

Newsletter

There are all sorts of good things a person can do with annuities.  Some annuities work better than others, depending on your goals.  But there really is only one BEST way to use annuities that will help solve nearly all the problems in retirement.  I’m not trying to convince everyone to like the products.  Each […]

2019 Annuity Index Performance Comparison

Newsletter

In many cases, once a person decides he or she likes the idea of using an index annuity they always want to find the best annuity for maximum performance.  As much as I tell people the strategy is more important than the product, there are plenty of people who dig a deep hole by comparing […]

The True Cost of Volatility

Newsletter

Gains in the stock market are great but losses create stress. It’s high times on Wall Street right now and any painful experiences of the past are distant memories for most people. Even so, volatility is the top concern for a majority of people who are exploring the possibility of using annuities in retirement. Most […]

How Fees Affect Investment Performance

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Volatility is probably the biggest concern of most people I meet, but fees may be just as bad for total performance.  Paying fees for any type of investment or manager is palatable for some and not for others.  There are several ways a fee can erode investment gains but the highest cost may not be […]

Case Study: Wealth Accumulation with Annuities

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I talk a lot about how my strategies are different so this week I’m going to show you a real-life example.  Not all recommendations were my idea in the beginning.  I learn as much from my clients as they learn from me.  As cheesy as it may sound, teamwork is the key to financial success […]

What if an Insurance Company Goes Bankrupt?

Newsletter

Tons of people ask this question and those who don’t are probably thinking about it.  Annuities are supposed to be safe so what happens if a company fails?  Most people understand that every state has a guaranty fund for insurance contracts but there’s a lot that needs to happen before that even comes into play.  […]

Why I Like Annuities

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There may seem to be an obvious explanation but then again maybe not.  It’s not at all because of how much money can be made, although more than one person has declined to do business with me simply because each thought I would be making too much money on the deal.  Being able to make […]

How to Get out of an Annuity

Newsletter

Much of the work I do and the strategies I have created are based on debunking popular myths about annuities.  Not all contracts do what Ken Fisher warns against and most people trashing the products are only trying to sell magazines or another financial product.  Everything has a negative side so you have to keep […]

Making the Decision to Buy Annuities

Newsletter

There are a lot of times when a person doesn’t make a financial move they should have.  Every single person I talk to has a story about a missed opportunity.  That’s not as bad as when someone makes a financial move they should not.  In the world of annuities that happens too often and that’s […]

The Best of Annuity Straight Talk Newsletters

Newsletter

Three or four unfinished drafts are sitting in the newsletter folder and most of the time I can’t decide what I plan to send out for the week.  Recent stories and misguided objections gave birth to this weekly exercise just about a year ago.  Since then hundreds regularly read this email and many of those […]

The Relevance of Index Annuities Today

Newsletter

Last week I wrote about the wild year we are having in terms of not only what we see on the news but also how that has been affecting retirement portfolios.  The title if you recall is “A Wild 2019 and How Annuities Fit.”  More than one person commented that I failed to tell everyone […]

A Wild 2019 and How Annuities Fit

Newsletter

This year so far has certainly had its share of ups and downs.  In some ways it could be viewed as a microcosm of the issues one might face throughout all the years of retirement.  It’s summer time and I stepped away from writing for a few weeks because I figured no one would notice.  […]

Index Annuity Performance from the Past Year

Newsletter

At times it seems as though everyone talks about yield as if they are able to get the highest possible growth from every asset they own.  I’ll admit that may just be my perspective because it often comes in the context of my recommendation to use an annuity to reduce risk without sacrificing growth potential.  […]

Even Advisors Ask for My Advice

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In some ways I consider it a waste of time but it happens often enough that I’ve realized it validates the information I provide.  This website and all the newsletters are meant to help consumers but there are plenty of advisors as well who are looking for answers to the same questions.  And it makes […]

The Myth of Annuities and Liquidity

Newsletter

The thought of not having access to retirement assets is one of the biggest issues people have with annuities.  I think it’s funny when investment advisors, who have no intention of every giving up management of a person’s assets, claim that if you buy an annuity you will lose control of your money forever.  As […]

How Technology Benefits Retirement Planning

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It’s never more evident than when you talk to kids growing up today.  Younger generations take for granted easy access to information that can still seem like magic for anyone who remembers a rotary telephone.  I appreciate the convenience it adds to my life while trying to make sure it doesn’t run my life. Technology […]

Does Anyone Have Too Much Money to Use an Annuity?

Newsletter

It’s a great question that I got a few weeks ago during a meeting and it stumped me for just a second.  Dianne and Fred have saved more than enough for retirement and their income needs are modest in comparison to the total portfolio value.  They are also young, both under the age of 60, […]