New Fixed Index Annuity Balances Growth and Protection

One of the many goals of most retirement planners is learning how to balance growth potential with principal protection when markets get volatile. In an effort to address this concern, Midland Retirement Distributors, a distribution business of Sammons Institutional Group, has launched a new fixed index annuity. According to a recent press release, Summit Navigate was designed for consumers who are close to retirement, layering two interest-crediting strategies to help calm nerves in this... Read More

1st Quarter Registered Index-Linked Annuity Sales Soar

First quarter annuity sales numbers are in, and registered index-linked annuities (RILA) were the big winners. When compared to the previous year’s results, RILA sales jumped 38%  to $4.9 billion, according to the final numbers released by the Secure Retirement Institute U.S. Individual Annuity Sales Survey.“Current market conditions favor RILA products more than fixed indexed annuities (FIA) as the increase in market volatility will help support crediting rates in RILAs,” said... Read More

There is More You Should Know About the SECURE Act’s Benefits

What probably counts most for seniors is that the SECURE Act relaxes Required Minimum Distributions (RMDs) from qualified retirement plans and increases lifetime income options in retirement plans. Late last year, Annuity FYI wrote about the pending passage of the Setting Every Community Up for Retirement Act – better known as the SECURE Act – and outlined the key elements of the legislation. Now that it has actually become law, it’s worth focusing on how seniors can best... Read More

New Study: 4% Rule Is Out, Annuities Are In

The so-called 4% rule has been the standard advice given from financial professionals for several decades now. This method recommends clients withdraw 4% of their assets each year in order to provide income while maintaining enough principal to last throughout retirement. While the concept of the rule was appropriate for the time it was created, it isn’t as applicable in today’s environment. When the 4% rule was created, interest rates were much higher, capital markets were less... Read More

Legacy Launches New Fixed Index Annuity

Legacy Marketing Group has just launched a new fixed index annuity issued by Ameritas Life Insurance Corp, an “A” rated provider. IncomeMark Select was designed to provide performance-driven income and is best paired with the MyGrowth Income Rider Guaranteed Lifetime Withdrawal Benefit (GLWB). Together the products ease the fears of soon-to-be retirees who are concerned about outliving their money, rising expenses and paying for healthcare.“With the performance-driven MyGrowth Income... Read More

Income Riders Explained

There are several different kinds of annuity products available as well as a la carte options to customize your contract to meet your unique needs. One of these additional options is the Income Rider, and despite its popularity, many are still confused about how this annuity benefit works. An Income Rider is not a stand alone product, but instead is an optional attachment to a deferred annuity at the time of application. They are usually purchased with variable annuities (VAs) and... Read More

AIG Launches New Index for Annuities

Last week, AIG Life & Retirement launched the new AB All Market Index that was developed exclusively for AIG’s Power Select Index Annuities by AllianceBernstein (AB). According to a recent Wealth Advisor article, the multi-asset index will be distributed primarily through Market Synergy Group (MSG). The AB All Market Index is not available for direct investment, similar to other indexes in an index annuity, but the performance directly contributes to the determination of the interest... Read More

Interest Rates and Annuities

Much of the news you hear about in the financial industry revolves around the current interest rate and how it might affect different investment products. You might hear about how one product is a safer bet during periods of low rates, or that you should definitely avoid a certain product until rates improve. But very few articles actually talk about how interest rates affect a product. Financial education is crucial in creating a path towards financial freedom. In order to make the... Read More

The SECURE Act Could Improve Retirement Finances for Seniors and Some Workers

Of particular interest to annuity fans, the House legislation would eliminate some of the liability for employers who add annuities to the menu of options for their 401(k) plans. The first major retirement legislation since the Pension Protection Act of 2006 stands a good chance of becoming law before the end of the year - good news for retirees and certain workers alike. It’s likely to start getting more attention when Congress returns from August recess next month.The... Read More

Planning For and Protecting Your Retirement

According to a recent article from US News, 72% of Americans say that they think it’s important to protect retirement savings. And with more and more headlines reporting market volatility, that number could certainly increase. Safeguarding your nest egg requires an investor to consider both the current financial situation as well as future expectations. Evaluating retirement income needs, understanding risk tolerance, and planning for emergencies and tax liabilities are just a few steps... Read More

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