Look at the Schwab Retirement Income Variable Annuity

Pacific Life Insurance Company has issued a new variable annuity product that will only be sold through Charles Schwab.  This new product is expanding the already present relationship between the two companies, who already offer a single-premium immediate fixed annuity, the Pacific Income Provider.  Their newest venture is simply called the Schwab Retirement Income Variable Annuity.  Through a Business Wire press release, Pacific Life says that this variable annuity is focused on offering... Read More

Employees Seek Retirement Plan Help, Especially Generation DC

Asset manager State Street Global Advisors (SSgA) recently asked people participating in a company retirement plan about what they liked and what they'd like to see more of.  Their study results are detailed in the Business Wire press release "401(k) Investors Want Automatic Savings Increases and More Help in Making Better Retirement Decisions According to New Study from State Street Global Advisors."  They found that the youngest working generation, referred to as Generation DC, desires even... Read More

Buy An Annuity for Your Valentine

Before I get started, I must admit that I found this Marketwatch article just a bit sexist, but I realize the audience to which Stan Haithcock was speaking will appreciate it.  In "Guess what? Your wife loves annuities," the Annuity Man says that when he is giving financial presentations, he knows that many of the men he is speaking to are not fans of annuity products.  But when their wives come along to the tropical locations and hear what annuities have to offer, they immediately want their... Read More

Insurance, Like Annuities, Helpful for Retirement

In "Three Insurance Policies That Could Help Pay for Retirement," Jennifer Nelson discusses the benefits of annuities, permanent life insurance, and return of premium term life insurance.  Fox Business published the Insure.com article which stresses that you should first contribute all you can to your 401k plan and other tax benefit plans until you have maxed those out.  Most people underestimate the importance of insurance and don't even know how it could help boost your retirement... Read More

5 Things to Consider Before Choosing Retirement

There are a lot of variables to take into account when trying to figure out the best time to retire.  There's even more to take into account than just how much money you have saved and your age.  In Liz Weston's MSN Money article, "How to tell if it's time to retire," financial expert Weston gives readers five specific things to consider before making the decision to retire.  There are many people who have lost their jobs without having the luxury of deciding when to retire, whether they... Read More

Buy Your Annuities, Rather than Having them Sold to You

On The Chicago Financial Planner website, Roger Wohlner delves into a poignant topic.  "Annuities: The Wonder Drug for Retirement?" questions whether annuities are the best product for Baby Boomers or if they are falling for a sales pitch.  This is something we certainly have talked about before.  When advisors don't look out for the best interest of their clients, annuities can be "sold" rather than "bought."  Baby Boomers who do their research and choose to buy an annuity typically find... Read More

As Social Security Age Rises, Annuities Can Help You Retire on Time

While this association certainly makes sense, data has backed up the fact that the rising age for claiming full Social Security benefits has led to an increase in the length of people's working lives.  Paula Aven Gladych of Benefits Pro wrote "Rising Social Security age will see retirees working longer," an article published on Producers Web.  The Congressional Budget Office found that people are waiting longer to claim their Social Security benefits so that they can receive a higher amount... Read More

Foundations Annuity Give FIA Crystal Ball Look

Things are changing in the fixed indexed annuity world as companies work to make their products better.  Security Benefit Corporation is allowing us to look into a crystal ball and see what changes are coming to the fixed indexed annuity industry.  The Guggenheim Partners' company issued a press release about their Foundations Annuity, "New Security Benefit Product Ushers in Future of Fixed Indexed Annuities."  The combination of choices and benefits offered with this product are one of a... Read More

Fixed Indexed Annuites Have 4 Big Benefits

It's nice to see positive articles about annuities like Carter Gray's "Why You Should Purchase an Equity Indexed Annuity."  The Fox Business article gives Mr. Gray's reasons for being a fan of fixed equity indexed annuities.  They have been increasing in popularity because of their benefits like potential market gains with protection against principal losses.  He says that the first thing you should do when considering an equity indexed annuity is consider four things related to your current... Read More

Annuities and Dieting are Strangely Related

I've just come across an annuity analogy with which I can really relate.  In the Bluefield Daily Telegraph, Don McNay in essence compares annuity use to the difficulties of dieting.  His article, "Annuities protect people from the pitfalls of a lump sum," says that purchasing an annuity with any large sum of money you have is the safest way to protect your money.  Not only will an annuity help to ensure that your money lasts for the rest of your life, it also can keep you from blowing... Read More

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