Tax Free Exchanges: Can I Move My Annuity Without Tax Liability?

If you use an IRS approved 1035 exchange you may exchange your contract for a new annuity contract within your current company or you can exchange your annuity contract for a new contract in a new company. If done properly, this exchange will not incur a tax liability, your deferred earned interest will remain deferred in the new contract.

By |2019-03-02T21:50:21+00:00August 28th, 2013|Annuities|

Up Up and Away – Fixed Indexed Annuity Sales Skyrocketing

A recent industry watchdog report indicated an increase of over 25% in premium in 2012 and a forecast of another 30% increase in 2013. Growth is being driven by products offering access to a larger stream of income that would not be found with other investment options. Income for life that is both safe and secure seems to be the driving force.

By |2019-04-12T19:21:44+00:00August 27th, 2013|Annuities, Retirement Planning|

Helping Baby Boomers Plan for a Successful Retirement

Whether it is the result of poor planning, bad advice or plunging markets, retirement losses can be a deadly poison. Many retirees and pre-retirees have saved enough to win the “retirement game,” but they continue to risk “losing their retirement” by owning risky investments. It is wise for those preparing for retirement or recently retired to set aside enough money in safe places to pay for a guaranteed lifetime income plan. My planning will take you through all the current and future considerations necessary to determine the risk-free amount needed to safeguard your guaranteed retirement income.

By |2019-11-01T18:41:34+00:00August 19th, 2013|Retirement Planning|

Inflation and Fixed Indexed Annuities. Can You Protect Yourself?

Inflation is the rise over time in the price of goods and services. Is a loaf of bread higher than it as the year you were born? Inflation is measured as a annual percentage, the same way interest rates are measured as a annual percentage. Is inflation a bad thing? Not necessarily. It means prices are rising because demand is rising, so it is the result of a growing economy. In a healthy economy, wages rise at the same rate as prices. So in a healthy economy, inflation always rises, meaning the same dollar amount is worth less five years from now. Sounds pretty healthy, doesn’t it? Inflation hurts interest rates because lenders know the longer it takes you to repay the loan, the less the money is worth.

By |2019-03-02T22:27:49+00:00August 19th, 2013|Annuities|

Annuities Dirty Little Secret Number 2: Great Products or Great Rip Offs?

The origin of annuities can be traced to the founding of the United States of America. The first recorded use of annuities was by the Presbyterian Church who used annuity concepts to provide for widows and retired ministers. Benjamin Franklin used annuities to provide for funds over a long period of time for his wife and for the cities of Boston and Philadelphia.

By |2019-03-04T19:14:28+00:00August 12th, 2013|Annuities, Annuities 101|

US Treasury EE Saving Bonds: Good Idea or A Stinker Idea?

Buying a US Treasury EE Bond can be a great idea if you want your funds held long term and have no need for the funds prior to their 20 year maturity. EE Bonds offer fixed interest rates for the life of the bond. The maturity period for EE Bonds is 20 years, if you redeem the bond in the first 5 years of ownership, there is a penalty affixed. EE Bonds offer safety, market yield and tax deferred interest compounding.

By |2019-03-04T03:11:34+00:00August 10th, 2013|Annuities, Retirement Planning|