First, let’s make one thing clear. You should not be considering the purchase of an annuity unless you have fully funded or intend to fully fund your IRA, 401(k), or 403(b) for the year. These investments occur before income tax …
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 or a lump sum pay-out at some future time (generally, once you retire or pass age 59 1/2).
For the right investor, annuities can be exceptional complements to a well-rounded portfolio — they have the advantage over traditional retirement plans of allowing you to invest unlimited funds, tax-deferred. However, annuities are not for everyone.
There are many different types of annuities to meet the specific needs of individual investors. Annuity FYI can help simplify the selection process.
Help me determine which is the best annuity for my needs.
What type of investor are you? Take this self assessment consisting of ten statements designed to help you decide where to invest your retirement dollars.
It’s a cold, hard world out there, and you need to be informed to get the best return on your money. Annuity FYI suggests that prior to making a purchase you consider the following about the annuity, the insurance company issuing the annuity, and the broker selling it.
Annuity FYI regularly publishes warnings about potential pitfalls in purchasing an annuity. Read this before you invest!
What type of annuity best suits your needs? This guide explains the main types of annuities and identifies what to look for in each.
At Annuity FYI, we frequently get phone calls from investors and financial advisors alike asking us if folks over the age of 85 should be investing in annuities, and if so, which products are available to those investors. In this …
ARTICLES & GUIDES
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