Examine the different types of annuities and see if an annuity is the right fit for your retirement portfolio.
"People who want to live longer may not have counted the costs of doing so. There's a lot to consider if you want to live long and be well." Jerry Yu The idea of living longer appeals to many of us, especially as we begin thinking about retirement. Still, as enticing as it is to [...]
"It can be wonderful to grow old with your parents. However, you'll need strategic planning to ensure that caring for aging relatives doesn't drain your emotional and financial resources." -Jeff Kennedy. For the last 25 years, Barbara and her mother Delores had lived miles apart, seeing one another mostly on holidays or during vacations. While [...]
Does a deferred income annuity have a place in your retirement plan? If you're looking for payments that begin on a future date and continue for the rest of your life, your spouse's life, or for a specific period, you might consider a deferred income annuity (DIA). DIAs offer several distinct advantages over other kinds [...]
After running multiple scenarios against actual financial market returns and inflation rates between 1926 and 1992, personal finance guru William Bengen articulated the well-known "4% Rule". Bengen was surprised to discover that, despite stock market crashes and economic downturns, portfolios with 50% equities and 50% bonds did not typically run out of money for 30 [...]
“Modern retirement, with its volatility and unpredictability, requires the use of multiple retirement income tools including annuities.” Jim Fish Adjusting to life without regular paychecks is challenging and stressful for many retirees. Maintaining even a modest lifestyle and addressing rising medical costs requires foresight, planning, and strategic execution. Modern retirement, with its volatility and unpredictability, [...]
Questions to ask yourself before choosing a Bank CD or annuity. "If you want to retire well, you will need to be even more vigilant about protecting your cash, both now and in the future." Aside from the near-zero interest rates thanks to the Federal Reserve, people who save in traditional vehicles such as CDs [...]
There are numerous reasons for owning an annuity but the most often considered reason is using an annuity for income. Annuities possess a wonderful feature; an annuity will guarantee income for as long as a person wants, even for an entire lifetime. If you are considering exploring an annuity and are interested in getting an annuity quote, here are a few simple rules.
Many people are familiar with the concept of riders and how a rider pertains to homeowner’s insurance. For example, if a homeowner possesses valuable art investments, the homeowner may elect to purchase an insurance rider in order to gain extra coverage beyond a standard policy, just to protect their art investment. An annuity rider is similar, in that it can be purchased by the annuity holder and then be attached to an annuity.
This concept is called the Split Annuity and is perfect for a person who wants income now but wants to build a larger income in the future as a hedge against inflation.
Stability, volatility control, guarantees, and security are all synonyms for Annuities. In unsettling times, 1906, 1919, 1929, 1951, 1978, 1982, 1987, 2001, 2008, 2020, and other years the need for stability becomes essential. Strength helps restore confidence is a stress remover and a confidence agent. Fixed annuities provide those features; they are safe, guaranteed, [...]
