Guaranteed Lifetime Income

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And yet another backdated article with current relevance… This came out in Forbes last May and the lesson will be important as long as retirees explore all the ways to maximize cash flow from retirement assets. As also mentioned on this site, the Forbes articles talks about how immediate annuities create the highest level of […]

Retirement Income

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This article on BusinessWeek.com came out last summer but it’s underlying lesson will be relevant for years to come. Fidelity completed a study that shows 85% of people from ages 55-70 value guaranteed retirement income above high investment returns. The article also suggests that financial institutions are attempting to craft complex guaranteed funds to add […]

A Close Look at Tax Sheltered Annuities

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** This excellent guest post by David Brown illuminates Tax Sheltered Annuities.  Enjoy! A Tax Sheltered Annuity (TSA) is a kind of annuity which permits an employee to contribute from his income to a retirement plan. The contributions are not taxed until the person decides to withdraw his money from the plan. Moreover, the employer […]

Fixed Indexed Annuities vs. Alternate Investments

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How do fixed indexed annuities stack up against other investment options? This question and answer editorial in the Dallas Morning News points out the need for analytical inspection of investments in the proper context. CBA Share price has been capturing the interest of many investors these days, so it may be a good option to […]

Is an Annuity Right For You?

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Annuity agents will now be held to a new set of standards by the National Association of Insurance Commissioners. According to InvestmentNews.com fixed annuity contracts will now be subject to the same regulatory compliance as variable annuities. This means agents will be required to prove suitability for fixed contracts according to an individual’s overall portfolio.  […]

Annuity Scams

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The Minnesota Department of Commerce has fined an insurance company for selling annuities with exorbitant surrender charges. High surrender charges are never in the best interests of a client and the annuity product itself must be proven suitable for a specific individual’s needs. At Annuity Straight Talk, we have put in place a system of […]

Variable Annuities and Conservative Retirement Planning

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Several experienced advisors share their ideas for conservative growth during uncertain economic times in this SmartMoney.com article. Variable annuities with income guarantees are noted as a good allocation for a portion of your assets. Of course, note my last post regarding the downsides of such products to determine if the benefits outweigh the disadvantages for […]

Variable Annuities: Consider The Downside

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Business Week just released this article that points out the drawbacks of using annuities for guaranteed income in retirement. Never forget to consider whether the additional expenses charged for a guarantee are worth the cost. It all just depends on how much you have, what you need it to do and how long it has […]

Annuities and Retirement Income–Education Is Critical!

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InvestmentNews.com recently released an article that highlights the findings of a study done to see how much retirees know about retirement income products. Annuities were cited as the third most popular option even though many consumers had little idea of how these products work. Education is essential to understanding how best to remove risk and […]

Retirement Income- Variable Annuities etc…

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Bankrate.com just released an article that talks about the way certain insurance companies are working to make variable annuities part of existing 401Ks.  Click here to read more. This is simply an attempt by the insurance industry to capture more assets by giving certain annuities greater market exposure. The benefits must clearly be in your […]

Retirement Planning Psychology

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Here is a great article recently released on SmartMoney.com that talks about the psychological hurdles people face while trying to properly plan for retirement. Of course, annuities are mentioned because of the stability and guarantees offered by the various types of contracts available. To read this article click here.

Variable Annuities- Do they Make Sense?

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I read this interesting article in the Journal about annuities.  Check it out here. I think it’s hard to find a variable annuity that makes sense, but they are very popular- as always, do your homework and call me with any questions!

Increase Your Retirement Nest Egg Through Fixed Index Annuities

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From an early age, we are taught to work hard, save money, and deposit our money  in a savings account. Savings go towards buying a house, education, or for our retirement. We are also taught to scrimp and save and make deposits faithfully every month. When our savings reaches a threshold, say $5,000 or $10,000, […]

Do You Need Lifetime Income

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Lifetime pensions from companies are going the way of the dinosaur. Consequently, the thing most people nearing retirement are worried about is outliving their nest egg. People long for the safety a pension provides- monthly income that lasts a lifetime. Well, there is another way to achieve this and that is through lifetime annuities from […]

What is a Guaranteed Annuity?

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When you are looking for a guaranteed lifetime income in retirement, safety and consistency should be your main concern. In these days of economic distress, employer pensions are of questionable stability and most other investments carry too much risk.  It’s no wonder, then, that quality guaranteed annuities from highly rated insurance companies are rising in […]

Choosing a Good Variable Annuity

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Every insurance company will tout one of their variable annuity products as “the best variable annuity”. With many different insurance companies out there, that makes for many “best variable annuities”. In reality, the terms of each product will vary widely. You should understand the different features and risks to decide if a variable annuity is […]

Immediate Annuity

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Immediate Annuities are perfect for retirement investors who need to switch from accumulation mode to income mode.  And the longer you can wait to do it, the better the income. Because an immediate annuity is a life insurance product, it is tied directly to the unpleasant reality of mortality.  The insurance companies use actuarial tables […]

Understanding Immediate Annuities

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An immediate annuity is a contract between yourself and a life insurance company, whereby you exchange a lump sum of money for a stream of income. An immediate annuity is a great way to turn retirement savings into guaranteed lifetime income. Immediate annuities provide for immediate income. The terms of the annuity contract govern who […]

Why You Should Buy Annuities

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So Why Do People Buy Annuities? Most people have heard varying opinions concerning the reasons for and against the use of annuities for retirement planning. Sometimes it helps to have some facts that show why other people buy annuities and why they have chosen this route in the past.   According to LIMRA (Life Insurance Marketing […]

Are Annuities Safe?

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This is a common question that puzzles many people, and unfortunately mis-information usually results in sweeping mis- judgments. Investors, of course want to know that their funds are safe and that their income is secure.  Too often, sales people don’t take enough time to understand the underlying strength of the insurance industry and the individual […]