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Don’t Make Judgements About Annuities Based On False Information

Despite recent work by many organizations helping to spread quality information about annuities, there are still some myths out there that need to be cleared up to the general public. Annuity products can be a valuable tool to help finance your retirement because of their guaranteed income that can be set up to last for as long as you live. Recently, Phil Simonides wrote an article for Marketwatch to help clarify some annuity information. In "5 myths about annuities to know before you buy," he... Read More

Look for New Versions of Fixed Indexed Annuity Products This Fall

Thanks to the DOL fiduciary rule that was finalized earlier this year, fixed indexed annuity products are changing. Stan "The Annuity Man" Haithcock says that the industry will change and go back to where it was when indexed annuities were first introduced back in 1995. He hasn't been a fan of the indexed annuities that have been adapted from those first versions which were made to compete with CDs and MYGAs because of the increased complexity and fees that have come with them. In the... Read More

No-Load Annuity Products Are A Winner After the DOL Rule

There are certainly winners and losers when it comes to the DOL Fiduciary Rule. Although it won't take effect until the beginning of 2018, companies and advisors are working hard so that they comply with the BICE guidelines before the legalities take place. In an article for Forbes Magazine, John Wasik listed his "Four Biggest Winners Under (the) New DOL Rule." With the new guidelines in place, retirement advisors will have to put their clients' best interest at the forefront of any financial... Read More

Expect More Fee-Based Variable Annuities with DOL Fiduciary Rule

The other day I wrote about how the impending DOL fiduciary rule would likely change the face of the variable annuity industry. According to Investment News, independent broker-dealer LPL Financial expects to grow their fee-based variable annuity platform if the rule goes through. In Greg Iacurci's article, "LPL eyes more fee-based variable annuities as fiduciary rule looms," he says that the company expects more advisory based variable annuity distribution in the future. LPL already has a... Read More

The DOL Fiduciary Rule Will Change the Annuity Industry

The fact that the Department of Labor's fiduciary rule has gone through the budget process means that it will likely be finalized this year. A lot will change for advisors selling annuities as well as for those designing new products. In the Think Advisor article "How Annuities Will Be Transformed by DOL Fiduciary Rule," Scott Stoltz discussed the future of annuities after this new fiduciary rule takes effect. He said that advisors will now have two different choices for making IRA... Read More

Annuities Offer Benefits, But Ask Questions Before Purchasing

In a recent article for The Wall Street Journal, the American Association of Individual Investors' Charles Rotblut offered "A Guide to Avoiding the Biggest Annuity Mistakes." Annuities confuse many people, so it is the responsibility of advisors and insurance companies to make sure that these products are well understood. Confusion often drives people away from products that could have offered them lifelong financial benefits. The author says that annuities are a good product if they are used... Read More

The Truth About Common Annuity Myths

Stan "The Annuity Man" Haithcock works hard advocating for the annuity industry and educating the general public about annuity misconceptions.  In one of his latest articles for Marketwatch, "Busting the most enduring annuity myths," he talked about six annuity myths that just won't go away.  The main problem with the annuity myths that are floating around and being spread as facts is that people are missing out on a product that might help them retire comfortably without the worry of running... Read More

Expert Says Confirmation Bias Makes People Hate Annuities

Psychology and annuities have a much stronger connection than many people realize.  In Stan Haithcock's recent Marketwatch article, he tries to determine "Why we hate annuities."  Everyone doesn't hate annuities, of course, seeing that more than $250 billion in annuities are sold annually.  But those that do hate annuities seem to have confirmation bias against the products.  Confirmation bias is when you like information that supports your beliefs in something.  Oftentimes, you seek out... Read More

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