Annuities – what they are, how they work and how to choose the best type of Annuity
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My readers are likely to hear numerous pitches for annuities. Americans over age 50 are prime sales targets because they have the money. This age group has more wealth than any in history, and many are susceptible to pitches that promise to preserve that wealth. Few annuities are appropriate for older Americans, yet annuity sales […]
Fixed annuities are popular and getting more popular. Beaten down by the bear market, many investors suddenly like the safety of fixed annuities. A tax-deferred yield of 5% looks good compared to recent stock market returns. Fixed annuities can be a valuable of any portfolio, as I’ve said for years. Years ago most retirees could […]
There’s at least one good effect of the 18-month bear market we’ve endured. Investors are taking a new look at some classic investment vehicles. For example, sales of fixed annuities are rising while sales of variable annuities are declining. I’ve long argued that most variable annuities are sold to the wrong people, and I’ve pointed […]
Most people want a steady, reliable income source in Retirement that they cannot outlive. But they also need for their income to grow, to maintain its purchasing power in the face of inflation. That’s a tough combination to get. In last month’s visit we looked at immediate annuities and fixed, deferred annuities as a way […]
What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here today for free access.
Investors continue to pour money into variable annuities, many for the wrong reasons. It’s easy to understand why. Variable annuities are complicated. They also pay high commissions, encouraging strong sales efforts. Perhaps that is why about 14% of IRA-owners have all or part of their IRAs in variable annuities. Or why 11% of variable annuities […]
Many of you own annuities or cash value life insurance that no longer fit your needs. They were good ideas when you bought them. But times have changed, and so have your needs. Fortunately, there are strategies you can use to enhance the value of these policies to you. Let’s look at a creative strategy […]
There’s a big down-side to the boom in stocks and other financial assets. When the value of the assets you own goes up, so do potential estate and gift taxes. If you don’t take action, the IRS could end up with more of your estate than your loved ones. One easy way to handle the […]
Variable annuities can be great tax-advantaged investment tools for the right people. But the boom in Variable Annuity sales hasn’t benefited many people. A large percentage of variable annuities are bought by people who won’t benefit from them and might even be taking a step backward. But there is good news on the variable annuity […]