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) […]
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.
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 […]
My head is healing up nicely now. It gets better when I stop beating it against the wall in my office. My business partners have grown to recognize the thumping, pounding sound. It’s just an occupational hazard that comes with being in the retirement income planning business. I sell annuities. “Did you know that running […]
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 […]
Part 3 Last week I wrote about the different annuities that are available and the difference between them. This week, I hope to describe who may be best suited for each annuity. Fixed Annuity – As I wrote, this annuity earns a fixed rate of return. This annuity is best suited for someone who does […]
Part 2: Last week I wrote about what the experts think about annuities; how leaders such as Tony Robbins, Suze Orman, Dr. David Babbel, after doing much research, state that for the right person, at the right time, the right annuity can be very beneficial to enhance one’s retirement. So, what is the right annuity? […]
Part 1: There are many opinions about annuities and misconceptions; but let me ask you this – if leading economists, financial spokespeople, and leaders of various departments of our government use annuities for their portfolio, wouldn’t it be wise to look at annuities and learn more about them? In Tony Robbins book, Money Master The […]
Is guaranteed lifetime income important to you? From time to time clients ask me for an analogy about what Fixed Indexed Annuities are and how insurance carriers can provide upside potential and growth while insulating the annuity owner from downside market risks. An analogy from the world of real estate investing may help understand […]
As a senior myself working primarily in the senior market, I am very much aware that the number one fear of most seniors is the fear of outliving their money. I have written articles previously about how I have been able to solve this concern for so many people and to help them secure peace […]