From: www.nytimes.com
We define immediate annuities, fixed annuities, variable annuities and index annuities, plus give you questions to ask salespeople.
Annuities can be complicated. This column will not be.
After I wrote two weeks ago about getting tossed out of the office of an annuity salesman, there was a surprising clamor for more information about this room-clearing topic. One group of readers just wanted…
From: money.usnews.com
Annuities can compensate for declining bond yields when interest rates begin to soar.
While savings accounts or certificates of deposit should get a bump from continued interest rate hikes, the bonds in your portfolio may not fare as well.
The State Street Investor Confidence Index, which measures investor sentiment, lost 3.4 points in October, falling to 84.4 on the heels of the Federal Reserve’s…
A pre-retiree heads into retirement with many goals, some at odds with others. Often these goals include: maintaining a high standard of living, not running out of money, leaving a legacy after death, etc. But, a retiree’s number one goal must be to not run out of money. In reality, having the right financial situation such that one can continue living without work and not run out…
From: www.forbes.com
Many of us are familiar with and follow the “120 minus your age” investing framework. It says that you should subtract your age from 120 and invest that percentage in equities, putting the rest in fixed income. For example, a 50-year-old would be 70% (120-50) in equities and 30% (100%-70%) in fixed income. (Note that the rule used to…
From: www.wealthmanagement.com
Annuities, according to author and retirement income expert Tom Hegna, aren’t bad, but, he cautions, “there are bad annuities.” In this video clip from The American College New York Life Center for Retirement Income, Hegna speaks with Professor Dave Littell about common consumer objections to annuities and what advisors can do to reframe the conversation with clients about this important tool as part of an…
From: www.financial-planning.com
With the 1996 introduction of tax-qualified long-term care insurance under the Health Insurance Portability and Accountability Act and IRC Section 7702B, Congress affirmed that long-term care insurance benefits should be tax-free. Tax benefits for purchased long-term care insurance coverage followed.
However, the evolving landscape of both individual tax deductions and long-term care insurance tax preferences have created myriad options for filers, all…
From: REAP, LLC.
How a Fixed Index Annuity could strengthen and protect your overall retirement plan.
When it comes to your retirement, a steady stream of income could make a difference in your later years. With a fixed index annuity, a portion of your retirement savings is protected from risk until it’s needed. What is a fixed index annuity? A fixed index annuity allows you to protect a portion…
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