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annuities

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

Understanding Annuities for My Financial Future

by Hans HeggeJune 17, 2017

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

by Hans HeggeJune 9, 2017

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

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

7 Questions to Ask Before Buying an Annuity

by Hans HeggeJune 2, 2017

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

by Hans HeggeJune 1, 2017

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

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

Pros and Cons of Annuities

by Hans HeggeMay 19, 2017

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?

by Hans HeggeMay 18, 2017

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,

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

What Is A Tax Deferred Annuity?

by Hans HeggeApril 25, 2017

Tax Deferred Annuities So you’ve decided to stop stuffing money under your mattress (or the bank account equivalent of putting it in a savings account with 0.000001% interest). Congratulations! Before you lose your motivation, let’s explore why a tax deferred annuity could be an ideal option for those funds. Although annuities are often associated with retirement income, you do not have to be on your way to your sunset years to purchase these products. Instead, read on to decide what’s the best investment for your needs. We promise this will make cents! Just the Tax Facts First up, you may have heard of tax-deferred annuities called by another name: “fixed tax deferred annuity.” For sake of brevity, we’re going to lop off the “fixed.” One

Fixed Annuity, Income Annuities, Index Annuity,

When is the Right Time to Get a Fixed Index Annuity?

by Hans HeggeApril 22, 2017

Fixed Index Annuities (FIA) are growing in popularity. Positioned to take over all other annuity products in sales, FIA products are offering the best of both worlds for investors. Protect Principal, Spark Growth You can both protect principal and spark significant growth with an FIA product. One of the only downsides with FIA products is the incredible variety of crediting options available (how you make a return). With different formulas and competing companies offering the investment opportunity, it can be confusing to know when and where to buy. Financial advisors recommend the product for growth and protection. But financial advisors also warn to be wary of bad products with confusing returns. Plus, there are so many varieties of annuities available, it can be difficult to