Examine the different types of annuities and see if an annuity is the right fit for your retirement portfolio.

5 Things Every Baby Boomer Needs To Know About Annuities

Baby Boomers can benefit from these myths and truths.   Myths and Truths about Annuities We all remember stories from our childhood which turned out to be nothing more than a myth.  There are several categories of these stories; of course, there is the truth, but also legends, folk tales, and superstitions. When it comes to [...]

By |2019-03-06T07:33:08+00:00February 24th, 2019|Annuities, Annuities 101|

Joint and Survivor Annuity

A joint and survivor annuity is held by two or more individuals, usually by husband and wife, under an arrangement wherein annuity payments are made in full while both the contract holders are alive, and at a pre-specified percentage (50-100%) of the full amount after the death of one of the annuity holders. One of the annuity holders is the primary annuitant while others are joint annuitants.

By |2019-03-06T07:36:13+00:00February 22nd, 2019|Annuities, Annuities 101|

Promises Made, Promises Kept: The ‘Cross Your Heart’ Investment

Wall Street made promises to all of us. They promised to provide us with products that had value and an agreed upon level of safety. They failed in that promise. The reason is very simple; they are greedy and placed their own needs and goals over the people who trusted them and their products. I happen to feel the blame is very narrow on the Wall Street category and responsibility really lies with only a handful.

By |2019-02-19T17:56:09+00:00February 14th, 2019|Annuities, Annuities 101|

Annuities as an Investment Vehicle

Annuities are investment products with an insurance component based on the financial strength of the annuity issuing insurance company. Annuities offer an attractive alternate option to secure a steady lifetime income stream with flexible options based on the investor's preferences of security and risk. Annuities are also unique in the sense that income from stock market gains and contributions are tax deferred until you decide to withdraw.

By |2019-02-19T18:00:36+00:00February 13th, 2019|Annuities, Annuities 101|

Security is Spelled A-N-N-U-I-T-Y

Stability, volatility control, guarantees, and security are all synonyms for Annuities   In unsettling times, 1906, 1919, 1929, 1951, 1978, 1982, 1987, 2001, 2008 and other years the need for stability becomes essential. Stability helps restore confidence is a stress remover and a confidence agent. Fixed annuities provide those features; they are safe, guaranteed, secure [...]

By |2019-03-06T07:38:47+00:00February 10th, 2019|Annuities, Annuities 101|

Don’t Get Stuck With Low Annuity Rates: Manage Your Annuity!

If you have an older annuity it is still possible you may also have an annuity with a surrender penalty in place. How do you move your money to a higher rate of interest and not lose any of your account to these surrender fees?

By |2019-02-21T14:45:45+00:00January 28th, 2019|Annuities, Annuities 101|

Death Benefits and Annuities: Tips and Hints

Annuities are contracts with written contractual provisions which include benefits paid to a named beneficiary. In the event of the annuitant (a person) dies, the proceeds from an annuity are passed to the beneficiary. The beneficiary can be a person or persons, a trust or an organization. If the annuity names a beneficiary, the funds are paid without the need of probate.

By |2019-02-21T14:46:57+00:00January 28th, 2019|Annuities, Annuities 101|

Make the Right Choice in Selecting a Beneficiary

Who should inherit your IRA or 401(k)? Your annuity? See that they do. Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k), life insurance policy, or annuity? You may be able to answer such a question quickly and easily. Or you may be saying, “You know, I’m not [...]

By |2019-02-21T14:47:33+00:00January 28th, 2019|Annuities, Annuities 101|

Annuity Beneficiary: An Important Decision

Naming a beneficiary on an annuity can help lower probate expenses Annuities are contracts between an individual and an insurance company. Annuity contracts allow for the owner of the annuity to name a beneficiary so in the event of the death of the annuitant. Because this is a contract, the beneficiary will normally receive the [...]

By |2019-03-06T07:41:54+00:00January 25th, 2019|Annuities, Annuities 101|

Annuity Calculators and Retirement Planning

Annuity Calculators Offer Access to Numerous Scenarios Deciding how best to use your available retirement funds can be a big decision - for many people it becomes the most significant decision of their lives. For the retirement plan to make sense, several factors should be considered. An annuity calculator can assist in decision-making, calculating the [...]

By |2019-02-21T14:50:04+00:00January 23rd, 2019|Annuities, Annuities 101|