By Brad Pistole, Certified Financial Fiduciary® (CFF) On July 22nd, 2018, the world’s oldest person died at the age of 117. Yes, you heard me correctly, she was 117 years old. She was born in May of 1901, and her family and friends knew her as “The Goddess.” The new oldest person alive is 115 […]
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.
The popularity of tax-deferred annuities has increased since the 1970’s into a natural choice for safe money alternatives for many Americans. The primary reason is the lack of exposure to market risk and the contractual guarantees provided by these products. Many of the benefits that first attracted consumers to annuities, tax deferral, and probate avoidance, […]
Have you ever considered that sharks might be after your retirement money? Do you ever feel like you’re bleeding in the water, and there are a bunch of sharks surrounding you? Many brokers are aggressive people. They will do almost anything to get your money; some even pretend to care about you. I have to […]
Bulls, bears, up, down, who knows? There are numerous indicators that the current stock market could be subject to a slip into a full-blown “Bear” market. This would convert to longer-term losses in equities as well as a significant shift in investments to bonds and annuities. With a bear market can also come exposure to […]
(Private conversation between a stock broker and a client) Client: Mr. Broker, since the first of the year, my account invested with your recommendation, the Dow Jones Industrial Average has lost almost 10%, why? Broker: Don’t worry, the market always comes back. Client: Yes, but I was planning on retiring sometime this year and you […]
Fear and concern over yields with safe, secure money should be at the forefront for any retiree or person with limited resources. Especially if maintaining a current lifestyle is important and the goal. In an era of money market funds yielding next to nothing, fear of inflation, and concern regarding out of control government spending […]
A tax-deferred annuity provides tax deferral in which income tax on the yield on the original deposit of investment income is not charged during the investment period, as long as the funds remain on deposit in the annuity. The tax liability is postponed until the annuity’s owner or beneficiary begins to receive (or accesses funds) […]
So what exactly is an annuity? In the news, almost daily, there is more and more talk about annuities. So what exactly is an annuity? Simply, an annuity is an agreement (contract) between an organization (insurance company) to pay another an agreed upon benefit. The benefit can be in the form of periodic payments […]
Annuities have a long history of successful retirement income planning, dating back to the Roman Empire in A.D. 225! Simply put, an annuity is a guaranteed payment for a certain period of time, more commonly a lifetime. Ensuring the recipient of the payment never outlives their money and has a guaranteed income for as long […]
Make sure your comparisons are apples to apples Which is better, a hammer or a screwdriver? It depends on what you are trying to accomplish, doesn’t it? Both of them can be wonderful, or both of them can be useless. And even though you are comparing similar things (tools), it all depends on the task […]