Annuity Questions
As baby boomers are approaching retirement, annuities have become big in the business and investing world. Annuities benefit individuals in their 50s and 60s the most since they are most likely to retire and are looking to set aside additional income for their nest egg. But when you’re buying annuities, navigating its contract and deeper meaning can be quite difficult. In today’s episode, Bryan shares his answers to commonly asked questions about annuities. Let’s hear more about his discussion by clicking on that play button!
What You’ll Learn From This Episode:
[5:00] Looking through his client’s questions and proposal
[9:18] Explaining the S&P Low Volatility Risk Control
[9:43] Using cash to balance with the S&P 500. When volatility is high in the stock market, the index is going to put the majority of the cash to reduce volatility.
[11:05] Bryan talks about Fidelity MFV and annual margin
[13:47] Surrender charges and market value adjustments only apply to anything over 10% free withdrawals in these contracts so you can take money out if you want.
[15:53] You can take 10% total in free withdrawals each year. If your RMD is 4% then you can take an additional 6% without penalty.
[23:03] Some short term index and fixed rate annuities don’t have 10% free withdrawal options. Liquidity may be limited.
[24:44] Transfer forms are part of the application process and part of the paperwork you sign.
Key Quotes:
[10:41] “The volatility is controlled by daily adjusted SP 500, Gold & US Treasuries.”
[18:35] “Maturity means that you must withdraw all the money or take guaranteed lifetime payments if you hold the contract to age 115”
Resources:
Call Annuity Straight Talk at 800-438-5121 or schedule a call at AnnuityStraightTalk.com
