I get this question from prospective clients, do you use annuities in your retirement planning? The simple answer is yes. I have multiple annuities as part of my retirement portfolio. And the reason I use allowances for my retirement is the same reason that anyone would use them: Safety, Guarantees, Growth Potential, and […]
What is an annuity?
An annuity is an insurance product that can provide you with a stream of payments for a set period of time, typically after you retire. The payments are made either for a specific number of years or for the rest of your life.
Learn more about annuities from our financial advisors below.
Fixed indexed annuities have become the darling for retiring with guaranteed income. Update: https://www.investmentnews.com/article/20180607/FREE/180609918/fixed-annuity-sales-set-for-massive-spike Nearly 3 million people will likely purchase fixed index annuities (FIA) in 2017. (2019, 4.2 million estimated new purchasers) Three states lead this annuity buying increase: Texas, Florida, and California, with an estimated 720,000 households likely to purchase an annuity. California […]
Like the Beatles said: “All you need is income.” It’s essential to realize the difference between our working and retirement years. In our working years, we work for income and savings. It’s about payment and the security it brings—the almighty paycheck. In our retirement years, we want our savings to work for us and create […]
As I speak with many of the callers to my radio show, one of the first things many bring up is that they are interested in hearing more about what I have been talking about, but they do not want to look at anything that may eat into their principal. They are intrigued by the […]
It happens all the time. After one of my teaching events, I get people who want to meet me to learn more about the benefits of annuities and how they can protect their retirement portfolio. About 15 – 20 minutes into the meeting, I get the “Deer in the headlights” look. Why? Am I […]
Don’t let fees and expenses erode your retirement account. Last week I met with a couple (I’ll call Bill and Mary) planning to retire in two years. Over their working careers, they had built up a nest egg of about $400,000. They are carefully taking steps to change their portfolio from an accumulation strategy to […]
Make sure you get and understand all the facts before making any critical decisions. Do you remember the TV show “Dragnet” from the 1960s? The show star was Sergeant Joe Friday, played by Jack Webb. It seemed like at least once on each show Sgt. Friday would tell someone, “we just want the facts; that’s […]
In the spring of 1983, a 61-year-old Australian sheep farmer named Cliff Young entered his first-ever running race. Without any previous racing experience, he chose for his running debut one of the toughest races in the world: a 543-mile ultra-marathon stretching from Sydney to Melbourne. Besides Cliff Young, the race comprised young, well-trained, professionally competitive […]
Every day I hear from those who come into my office four fears: 1. The fear of outliving my money 2. The fear of having to put off retirement 3. The fear of having to go back to work 4. The fear of having to cut back on my lifestyle These are genuine concerns […]
There are a number of different choices you can make when setting up your income annuity. These choices will determine how much money you receive each month, how much you leave to your heirs, and other important choices.