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Annuities Can Be an Advantage for Retirees

For prepared retirees with a 401(k) and/or IRA, consider supplementing your income with an annuity.  Annuities are contracts between investors and insurance companies that start with an initial investment.  Immediate annuities start releasing monthly payments right away, so they are paid for up front with …

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Annuity Sales Rise for Jackson Insurance

Jackson National Life Insurance Company has fixed annuities to thank for it’s increasing sales in the first quarter of 2009.  While sales of their variable annuities were down compared to last year, sales of traditional fixed annuities almost doubled from the same period last year.  …

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Blasting 8 Annuity Myths

Where are retirees putting their money?  Currently, about $2.7 trillion sits in 401(k)s, while only $10 billion of fixed annuities were sold all last year.  Fixed immediate annuities will guarantee you a set income for life so here are 8 reasons people are not buying …

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Annuities Should Be a Critical Part of 401(k)s

Brookings Institution in Washington is trying to persuade both employers and lawmakers that annuity products are critical to the future of 401(k) plans.  One of the main proponents of this “annuity initiative” is J. Mark Iwry, President Obama’s new deputy assistant Treasury secretary for retirement …

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