Browsing Category

Annuities For Growth

Retirement Savings
Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity,

Should I Allocate Retirement Savings Into An Annuity?

Allocate Retirement Savings Want to augment your retirement savings with a steady stream of income? You might want to consider devoting a portion of your savings into an annuity. An annuity is a contract between you and an insurance company. You can make either a lump-sum payment or a series of payments. In return, you receive regular disbursements either within a month or at some time in the future. There are different types of annuities, but all fall under the two major categories: Deferred and Immediate. With an Immediate Annuity, you can start receiving your payments within 30 days after your initial investment. A Deferred Annuity is different, however. Your money is invested for a period of time until you are ready to start receiving disbursements. Most

Regular Income
Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity,

Should I Purchase an Annuity for Regular Income?

Annuities for Regular Income? Do you sometimes have trouble with money management? Do you often worry that your regular income isn’t enough to support yourself? If so, an annuity might help you out. If you aren’t great with money, an annuity seems very confusing. There are a lot of misconceptions or simply lapses in knowledge that can make understanding annuities very difficult. Because if this, it can be very hard to figure out whether or not you should purchase an annuity, and whether something like that is the right step for you to take in your financial plan. Have you had these doubts? If so, you aren’t alone. It’s been found that while 84% of retirees want annuities, only 14% actually buy them. A lot

an annuity
Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity,

Check or Bet: What To Do With An Annuity

What To Do With An Annuity? The fastest growing segment of the population are folks 60 and older. How many of these Baby Boomers have set aside enough money to use for the rest of their lives? A third of people over 65 have less than $30,000 in savings when entering retirement. Is an annuity a good investment option for you? How do you decide to check or bet when it comes to buying annuities? Here are the top reasons to bet on and check out annuities. Top Reasons Why You Should Check Or Bet On An Annuity You’ve Maxed Out Other Retirement Savings Options – Bet Contributing to a 401(k) and IRA deferrals are a great idea until you reach your max. Say you’re

Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity, What To Watch Out For,

Credit Rating Agencies: Which One Should I Trust?

    When you’re looking through different annuity selections with your financial advisor or consultant, knowing which insurance offer to trust makes a big difference. Credit rating agencies rate insurance companies with a grade or percentage. This score assigned to each independent insurance agency indicates that company’s ability to pay policyholders’ claims.   The Big Four: A.M. Best, Comdex, Moody’s, and Standard & Poor’s   Financial rating services such as A.M. Best, Comdex, Moody’s, and Standard & Poor’s rank insurance companies based on their financial strength and stability. Before you invest in an annuity, check that annuity’s insurance provider’s ranking. These financial rating agencies are independent and they all have their own rating scale based on their own standards. Which rating service should you use?

Financial Future
Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity,

Understanding Annuities for My Financial Future

Understanding Annuities There has never been a better time to invest in your financial future. There is a wide variety of strategies to generate income, protect your assets, and secure your retirement income stream. The cost of living is rising and life expectancy is simultaneously increasing for many adults. You may be wondering how to best create an investment strategy in order to not run out of money during retirement. People want to make the most of their money but without the chance of losing it all. That’s where annuity products come in. What Is An Annuity? An annuity is a contractual financial product sold by insurance companies. Annuities do two things: To help people limit their risk and give them a better return than a

Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity, What To Watch Out For,

Who Can You Trust With Your Money: FDIC Insured Banks Vs. Annuities

  FDIC Vs. Insurance Providers: Are You Protected? The federal government requires banks to keep 10% of your CD in reserves. 10 cents of every dollar you’ve deposited is in your banks reserves. This goes for money market accounts as well as any money that you put in your bank account. On the other hand, state insurance commissioners regulate annuities. This creates a major difference because insurance companies have to keep 100% of your annuity. That means 1 dollar for every dollar of your investment. According to Forbes, if you wanted to take your annuity out of the insurance company and liquidate that asset, you would walk away with the current value of the annuity plus the current value of future obligations on those contracts. Breaking It

buying an annuity
Annuities For Growth, Annuity Riders, Income Annuities, Index Annuity, What To Watch Out For,

7 Questions to Ask Before Buying an Annuity

What to Ask Before You Buy an Annuity Many people reaching retirement are looking for ways to improve their financial security. It is unsurprising that many people are considering buying an annuity. If chosen well, an annuity can prevent a person from outliving their finances. What’s more, it can provide increased protection against a volatile stock market. As annuity will convert current wealth into a steady income, it is vital to make an informed decision. Also, as life insurance and annuity scams are on the rise, an investor should not rush into a plan. So, it is important to ask yourself the following seven questions when buying an annuity. 1. What is the Annuity Process? An annuity is a big financial commitment, so you must have

Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity,

Why Invest in Annuities? Because The Exclusion Ratios Means Tax-Exempt ROI

Why Invest in Annuities? Exclusion ratios are tax-exempt portions of your annuity return. For example, each annuity payment you receive can be split into two distinct parts. The annuity investment capital is one portion. The other portion is an additional amount that is taxed at the current income rate. This portion is interest that you’ve earned. Consequently, it’s taxed as regular income would be. The capital portion of the return is not taxed. The return on capital, or the additional balance after the principal capital is subtracted, is taxed. This is because it’s considered part of the annuitant’s gross income. What Is The Exclusion Ratio? The exclusion ratio is a calculable ratio used to identify the portion payout that is excluded from taxable income. The

Pros and Cons of Annuities
Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity,

Pros and Cons of Annuities

What are the Pros and Cons of Annuities? It may send your mind into an infinite loop to imagine using money to buy money products, but that’s just how the financial world works. And Americans did just that! In just the third quarter of 2016, USA investors analyzed the pros and cons of annuities and spent $51.3 billion on them. Sound like a lot? Maybe not. Turns out that we bought $58.5 billion in annuities in the same quarter of 2015, which represents a 12.3 percent decline in one year. What’s going on here? Have the tides turned or are more investments clogging the market and our wallets? Read on for a major return on investment. Pros and Cons of Annuities 101 Mastering annuities can

Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity,

Does Your State Protect Your Annuities From Creditors?

  Annuities are like other financial assets. Often times, litigation efforts and creditors are able to gain access to them. As a result, the money you worked hard for is at risk. Protect Your Annuities O.J. Simpson & Florida Exemptions For Annuities Remember O.J. Simpson? I’m not talking about the notorious car chase in the Ford Explorer. According to MarketWatch, O.J made some poor financial decisions in Vegas. Consequently, those decisions led to lawsuits that ordered him to pay back creditors. O.J. put most of his money in annuities in south Florida where he lived at the time. Lucky for him, statutes in the state of Florida shielded his annuities from being touched by creditors. “If the glove don’t fit, you must acquit” may as well be,