What kind of investor are you? A Bull, Bear, Pig, Chicken or something else...
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.
Pensions have evolved to self directed retirement planning I grew up in steel country in Western Pennsylvania. I was born in 1960 towards the end of the baby boom. My father was a refugee from Europe after WWII, and my grandparents on my mother’s side were European immigrants that settled in Western PA in [...]
You can stop the financial tug of war between risk investments and ultra-conservative investment with a fixed indexed annuity.
Each month, millions of dollars are being moved from stocks, bonds, mutual funds, variable annuities, ETFs, 401(k)s, and CDs into Fixed Indexed Annuities. Why? The number 1 reason is SAFETY. But How safe is Your Fixed Indexed Annuity - are you sure it will provide you with enough income to last as long as you live? Should you trust an indexed annuity with your important retirement funds? What happens if an insurance company were to fail? These and other questions are vitally important and the answers may surprise you.
If you fully understood variable annuities you wouldn't consider owning one Don't take my word for it, read about then from the industry watchdog FINRA: http://www.finra.org/industry/variable-annuities Like all annuity options, variable annuity pros and cons drive the decision-making process. If you are considering the purchase of a variable or fixed annuity or if you already [...]
Benjamin Franklin invented the modern annuity Benjamin Franklin was a sagacious man, as a matter of fact; he was one of the first owners of an annuity. Since his time annuities have been intertwined with American history, in many ways, they have been a strong core of our country’s financial security. Ben was a wise [...]
How ignorant are those who don't understand annuities and yet think they are experts A year or so ago, an article written by stockbroker, Brooks Rhys, made a clear and loud statement, “Don’t Buy Equity Linked Annuities!” I have to laugh at the headline now; Mr. Rhys didn’t even know the correct name of [...]
The fear of outliving one’s money typically generates the most amount of anxiety among pre-retirees and retirees alike. In his 1937 bestseller Think and Grow Rich, Napoleon Hill cited the fear of poverty as having the most common appearance of all the six basic fears every human possesses. The American Institute of CPAs (AICPA) [...]
When planning retirement, do you depend on projections based on future conditions or do you plan your retirement based on guarantees. The answer may surprise you; both can be the correct answer. It really all depends on your personal situation and what “time” period you are focusing for retirement.