Have you heard of “buffer annuities?” They’re described as sort of a cross between variable and indexed annuities. Through exposure …
If you’re new to annuities and interested in learning more, there are two primary routes you can go; speaking with and expert or self-directed learning.
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Utilize the resources on AnnuityFYI.com, learning at your own pace. Below, you will find links to information and videos to quickly bring you up to speed on annuities. Read on to determine if an annuity is right for you, and if so, what type of annuity might be the best fit. Self-assessments, check lists and warnings represent some additional content those new to annuities find especially helpful. Click the headings below for more information. At any time, feel free to reach out to the experts at Annuity FYI should you have questions.
An annuity is a contract between you (the annuity owner) and an insurance company. In return for your payment, the insurance company agrees to provide either a regular stream of income, the right to withdraw up to a certain percentage per year, or even a lump sum payment at some future time (generally, once you retire or pass age 59 1/2).
For some, annuities can complement a total retirement income strategy to supplement other sources of money during retirement. Annuities have advantages such as allowing you to pay in unlimited premiums and they grow compound tax-deferred. (Upon withdrawals,** you will pay taxes on interest earned and the principal if the annuity was purchased with pre-tax dollars.) However, annuities are not for everyone.
There are different types of annuities to meet the specific needs of individual retirees and pre-retirees. Annuity FYI can help simplify the selection process.
Help me determine which may be the best annuity for my financial situation.
What type of retiree or pre-retiree are you? Take this self-assessment consisting of ten statements designed to help you decide what may be the best use of your retirement dollars.
You want to be well-informed to put your money to work in the best way for your situation. Annuity FYI suggests that, prior to making a purchase decision about an annuity, you consider some ideas about the product, the insurance company behind it, and the licensed professional selling it.
Annuity FYI regularly publishes warnings about potential pitfalls in purchasing an annuity. Read this before you purchase!
What type of annuity might best suit your situation? This guide explains the main types of annuities and identifies what to look for in each.
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In an expansion of its portfolio of fixed index annuity products, Voya Financial, Inc. (NYSE: VOYA) has just announced the …
In an effort to add more flexible investment requirements and increased income payouts, Lincoln Financial Group (NYSE: LNC) recently announced …
ARTICLES & GUIDES
Retirement Savings Plan: IRAs vs. Annuities
It is becoming more and more common for employees not to have access to an employer-sponsored
Transamerica Launches Fee-based Variable Annuity
A new fee-based variable annuity is being launched by Transamerica in an effort to offer investors