There are numerous reasons for owning an annuity but the most often considered reason is using an annuity for income. Annuities possess a wonderful feature; an annuity will guarantee income for as long as a person wants, even for an entire lifetime. If you are considering exploring an annuity and are interested in getting an annuity quote, here are a few simple rules.
Myths or facts, make sure your understand the difference Corporate media is mostly aligned against annuities. Could financial bias drive this demonization? Traditional financial institutions (Wall Street) spend vast amounts of money advertising on corporate media properties. What is the truth about annuities? How can one product be so loved and vilified at the [...]
Annuities are investment products with an insurance component based on the financial strength of the annuity issuing insurance company. Annuities offer an attractive alternate option to secure a steady lifetime income stream with flexible options based on the investor's preferences of security and risk. Annuities are also unique in the sense that income from stock market gains and contributions are tax deferred until you decide to withdraw.
Recent update: https://www.cnbc.com/2019/01/28/woodbridge-group-ordered-to-pay-1-billion-in-penalties-for-ponzi-scheme-targeting-retail-investors.html In the old movie, The Road to Morocco, Bing Crosby and Bob Hope show their pure comedic brilliance. One of the best parts of the movie is when they become lost in a Moroccan desert and see a mirage, the outcome is hilarious. Of course, the illusion is not real, and they end [...]
Here are 6 Annuity Misconceptions You Should Know About When it comes to Your Money and Retirement Savings Misconception #1: Annuities are very expensive to own. Not all annuities are created equal. There is one particular type of annuity that is more expensive than others. Variable annuities have the most expenses when compared to [...]
As Thanksgiving approaches, I think about what I have to be thankful for and the traditions that surround this wonderful holiday. One of the things that I am thankful for is being able to help people navigate the maze of retirement and give them options that traditionally they don’t hear about or consider. I am [...]
Endowment Annuitie have been been replaced by modern day annuities.. this article explains the evolution of the annuity.
Let’s face it, if all the market did was go up, the need for annuities would not exist. The reality is the market goes down, sometimes drastically. The 90’s exposed millions to the rewards of investing. The last four years showed the frightening side of the market. The fixed/indexed annuity plays well to people because of its combination of protection and potential.
Here is a secret about insurance companies, a secret that puts everything in perspective. Insurance companies do not make decisions based on individuals; they make decisions based on a large pool of people. Their tool? The Commissioners Standard Ordinary Mortality Table, known as CSO. The statistical table allows insurance companies to know exactly how many people nationally in a specific age group will die. It is not a guess, it is pure science.
Most people know the amount of money in their retirement plan and as they near retirement the focus on those funds becomes more and more important. Don’t forget the very most important questions you should be asking yourself about your retirement money.