Annuities: Just How Long Have They Been Around?

In the United States annuities were first used by The Presbyterian Ministers Association as a retirement income for older ministers and their families. These annuities were funded by the church and were allowed to pass from the head of the household to a surviving spouse. These early vehicles were the foundation for future widows and orphans benefits.

By |2015-04-29T18:01:48+00:00October 31st, 2013|Annuities, Annuities 101|

Avoid Penalties By Learning These Important Early 401(k) Withdrawal Rules

There are rules which can be followed to allow pre-mature access to your 401(k) account. A 401(k) was created by congress to allow workers to accumulate funds for retirement on a pre-tax basis. Eventually he taxes will need to be paid on your 401(k) retirement plan. Accessing the funds should be done with planning and with the goal of using them for retirement income. Life being full of uncertainty, the funds in your 401(k) can be assessed for other reasons; with that access can come unwanted or excessive taxation and penalty. Make sure you fully understand your options before taking action.

By |2018-07-07T22:20:37+00:00October 30th, 2013|401(k) Rollovers|

401(k) Aged Based In-Service Withdrawals Move to Safety

Most 401 (k)s offer investment options such as mutual funds. Investment options in the mutual funds can be stocks or bonds or a combination of both. As we age, providing a layer of safety and security to our 401 (k) seems only prudent. As an option, your 401 (k) will also offer a stable money investment option. These options could include a money market account. The problem with money market accounts is the yield, a yield which may not keep up with inflation.

By |2015-05-22T17:08:23+00:00October 29th, 2013|401(k) Rollovers, Annuities|

How Safe is Your Fixed Indexed Annuity?

Each month, millions of dollars are being moved from stocks, bonds, mutual funds, variable annuities, ETFs, 401(k)s, and CDs into Fixed Indexed Annuities. Why? The number 1 reason is SAFETY. But How safe is Your Fixed Indexed Annuity - are you sure it will provide you with enough income to last as long as you live? Should you trust an indexed annuity with your important retirement funds? What happens if an insurance company were to fail? These and other questions are vitally important and the answers may surprise you.

By |2017-11-08T23:05:23+00:00October 29th, 2013|Annuities, Annuities 101|

Life Insurance, a New Idea or an Ancient Idea?

So when did the concept of life insurance originate? A much longer time than you might have guess, it originated before the birth of Christ. The Roman army used burial clubs to help each other offset the expense of a burial by spreading the cost of the funeral among the soldiers in the decedent’s regiment. Each Roman soldier helping each other.

By |2015-05-22T17:18:18+00:00October 10th, 2013|General Business|

The 3 Biggest Concerns About Variable Annuities

Variable annuities and fixed annuities are very different creatures. Fixed annuities earn a set rate of interest for a specific time period. Variable annuities invest your funds in separate accounts (sub accounts) that invest in securities such as stocks and bonds, etc. Each separate account will offer specific investment objectives, you select the accounts that will best help you reach your goal. Here are specific points to understand before investing in variable annuities.

By |2015-05-22T17:42:06+00:00October 9th, 2013|Annuities|

Should I Invest In An Annuity?

I believe that the basis of all long term investing that concern funds for retirement should be in something safe and secure and free of risk. I also believe that a portion of your long term retirement funds should have some degree of risk. With risk comes the possibility of gain, gain can help offset inflation and add to the retirement pot.

By |2015-05-22T17:51:02+00:00October 2nd, 2013|Annuities|

Congress and US (The American People)

A recent opinion poll suggests that the approval rate for congress just set a new record low. The new approval rate for congress as seen by the American people is 10%. Their ridiculous stands are forcing our government to grind to a halt, people will not be paid and services suspended. Is that the only downside? I think it is a far deeper problem, the issue of faith in our elected officials and their ability to do what we elected them for is in deep jeopardy. I am dissatisfied as I am sure you are also.

By |2015-05-22T17:58:18+00:00October 1st, 2013|General Business|