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.

Ask an Expert

Speak with an expert who will learn more about your unique situation and can explain types of products that will best fit your needs and help you reach your retirement goals.
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Ask Annuity FYI

Self-directed Learning

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.

What is an annuity?

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).

Is an annuity suitable for me?

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.

What are the different types of annuities?

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.

The Annuity Qualifier

Help me determine which may be the best annuity for my financial situation.

Retirement Self Assessment

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.

Annuity Checklist

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 Warnings

Annuity FYI regularly publishes warnings about potential pitfalls in purchasing an annuity. Read this before you purchase!

Annuities: Find The Right One For You

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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ANNUITY BASICS

Fixed Annuities Solve Longevity Risk Facing the World

Longevity risk is truly one of the biggest issues facing the world today. Fewer people are being born around the …

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Don’t Rule Out Annuities Just Because the Industry is Changing

In this post-DOL fiduciary rule time, the annuity industry will certainly change, but in some ways will still remain the …

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Finding the Right Annuity Product to fit Your Financial Puzzle

In “The right fit: Choosing the appropriate annuity,” Paul Hechinger of On Wall Street discusses the need for complete clarity …

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Annuity Sales Increase As Consumer Awareness of Their Value Does

It’s no coincidence that annuity awareness and sales are growing at the same time. Lack of awareness and misinformation have …

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401k Plans May Default Money into an Annuity Product

Many Americans will benefit from using a 401k annuity. By transferring some of your 401k funds to an annuity product, …

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Three Reasons To Buy An Annuity Product

In an article for Kiplinger, financial expert Lisa Brown gives three scenarios “When Buying Annuities Makes Sense.” She is one …

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ARTICLES & GUIDES

Annuities May Be Used More As American Retirement Evolves

Annuities May Be Used More As American Retirement Evolves

The Urban Institute recently published an important article about “How Retirement Is Changing

Whether It’s Lottery Winnings or Retirement Savings, An Annuity Can Guarantee Your Income

Whether It’s Lottery Winnings or Retirement Savings, An Annuity Can Guarantee Your Income

Without even realizing it, many people actually stand in line for annuities on a daily or weekly

Fixed Indexed Annuities Help Empty Nesters Revamp Retirement Plan

Fixed Indexed Annuities Help Empty Nesters Revamp Retirement Plan

Many parents with older children count down the years until their nest is empty and all of their