The devastating effects or living too long (the longevity crisis) and not having enough funds to maintain an anticipated quality of retirement is a real concern. LIMRA reports: The average life expectancy for a person who reaches the age of 65 is 83 for males, 86 for females. LIMRA purports that the proper way to interpret these statistics is to assume half of all males who reach age 65 will live past 83 and half of the females who reach that age will live past 86. Half of all couples who reach age 65 will have one partner hit 90.
How long have annuities been in existence? Who created them? I was asked the other day about the origin of annuities. Were they created since WWII? The fact is, annuities have a long history dating back to the Roman Era when they were used as a form of gratification for loyal soldiers. Sometimes the emperor [...]
Probate is a process that identifies the deceased person’s assets and provides for the legal transfer to the intended beneficiaries. The process can identify debts, value property, and pay debts and taxes. Probate can last for a period of 9 months to a number of years depending on the complexity of the estate.
Being on Wall Street means being in The Old Boy's Club. I have always wondered what it might be like to be an insider at Wall Street, to be able to know secrets before others, to have a head start in trends and events. I am not talking about "insider" information. I am speaking about [...]
Well, at least for a while. The simple answer is this, the lower the interest rate, the lower the payment obligations. Based on that concept….. America has successfully refinanced its national debt from higher interest rates to lower interest rates. 88.5% of all national debt is now 10 years or shorter. This is good for [...]
I'm seeking some "advice from management". This is a request for a long-time friend and marketing partner. Q: Any suggestions re: soothing the furrowed brows and the angst that prospects have right now re: the financial turmoil in the US and the world? A: First, the angst is not against us; we are the guys [...]
Tax Scams: IRS Dirty Dozen It is tax time, and with it will come many offers to lower your taxes and, in some situations, avoid them altogether. These helpful hints may be grouped together under one heading: Scams. Tax scams are prevalent throughout the internet; here are a few that are so obvious that following [...]
Finding a competent annuity salesperson is not especially easy. The reason is simple, for many advisors or agents, annuities are a secondary business. Agents specialize in life insurance, long term care insurance and only handle annuities as an add-on. Finding a real expert about annuities requires interviewing agents and asking questions. It isn’t easy [...]
If you get the chance to see the movie “The Big Short” take it. After watching the movie. I went home to take a shower and try and get some of the Wall Street scum off me that had come from watching how horrible (and stupid) Wall Street is. It seems to me that when [...]
This simple and yet efficient approach to solving interest rate volatility can work for you. It involves annual maintenance on the investor’s part and using the internet for available interest rates. Never allow anyone to charge you for this approach to bank deposits, do it yourself. There are numerous options available to find and secure [...]