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Keep It Simple When Shopping Annuities

One of the most common phrases surrounding annuity product is that they aren’t bought; they are sold. The saying originates from the fact that annuities are often very complicated and can sometimes be very expensive, often carrying heavy commissions for advisors who sell them. Unfortunately, the saying has proven to be true in many circumstances. It’s important to keep a few key ideas in mind when considering the purchase of an annuity. Remember that annuities are insurance products... Read More

Fixed Annuity With Income Stream Makes for Happy Retirees

Perhaps the biggest financial challenge facing us today is how to turn our retirement savings into income. In "Advisors Challenged To Convert Savings To Retirement Income," Financial Advisor's Juliette Fairley discussed some of the findings from a recent IRI survey. The Insured Retirement Institute found that 80% of retirees who have at least $50,000 saved get income from an annuity or pension. But pensions will be few and far between in the future, so the focus on annuity products for... Read More

Income Riders, DIAs, QLACs Create Future Annuity Income Stream

In a recent article for The Street, "4 Paths to Future Annuity Income Guarantees," Stan Haithcock explained your options for delaying annuity income until a later date. Many people incorrectly assume that all annuities are immediate, when a large number of them actually defer your income payments. The article says that there are four different ways you can create guaranteed income from an annuity product that will start at some predetermined point in the future. Annuities are the only products... Read More

A Simple, Transparent Annuity Can Offer Steady, Guaranteed Income

In a recent Marketwatch article, Stan "The Annuity Man" Haithcock takes a cue from Donald Trump's campaign slogan and says that "It's time to make annuities great again." Some in the industry would argue that they have always been great while there are those anti-annuities folks who would argue just the opposite, that they never have been. While Haithcock doesn't believe that the recent decades of changes made to annuity products are best, he supports the innate benefits of annuities and would... Read More

Fixed Annuity Sales Were Strong During the First Quarter

LIMRA's Secure Retirement Institute recently released the retail annuity sales numbers from the first quarter of this year. LifeHealthPro's Kristen Beckman summarized the findings in the article "Fixed annuities continue growth trend." Fixed annuity sales were $32.3 billion, an increase of 48% from last year. Each different product in the fixed annuity market saw growth in the double digits. The increase in fixed annuity sales pushed total annuity sales to $58.9 billion, an increase of 9% from... Read More

Income Annuities Account For Most Risks In Retirement

Retirement planning expert Wade Pfau has spent countless hours researching the different types of retirement income planning tools available. In a recent article for Forbes magazine, "Understanding The Tools In Your Retirement Income Toolbox," he summarized the important facts about your income choices. Your first option is the Total Return Investment Portfolio. This is where you make systematic withdrawals from your investment portfolio. The benefit is that your money has the potential for... Read More

SPIAs Trump DIAs & QLACs in Many Scenarios

Have you ever done a comparison of deferred income annuities and single premium immediate annuities? Lately, DIAs have been getting a lot more attention partly because of the Treasury Department making them easier to use in retirement plans. DIAs are getting searched on Google ten times more than SPIAs, but sales of SPIAs are still three times that of DIAs. Both products have benefits that are worthwhile to different individuals and families planning for their financial future. Joe Tomlinson... Read More

Are Annuities the Donald Trump of Retirement Income Planning?

For The Wall Street Journal article, "Why Investors Should Consider Annuities," Morningstar's David Blanchett looked into whether or not annuities are good for personal retirement planning. He likened annuity products to Donald Trump because people tend to love them or hate them, much like the current Presidential candidate. The majority of financial planning researchers agree that annuity products can be a good option for most retirees because they create a personal pension from your... Read More

No-Return Deferred Income Annuities Greatly Increase Payouts

Deferred income annuities have skyrocketed in popularity over the past couple of years because of their affordable guarantees and their increasing use as QLACs in defined contribution plans. There is a new trend with deferred income annuity products that could drastically increase those already valuable payouts. Cyril Tuohy said that this "Hot Deferred Annuity Trend Can Nearly Double (your) Payout" in an article for Insurance News Net. You cannot outlive the income payments you receive from... Read More

Don’t Generalize Annuities as Good or Bad

Jefferson National's President Laurence Greenberg wrote a rebuttal to anti-annuities Ken Fisher in an article for Think Advisor. Greenberg says that "Annuities Are Neither Good nor Bad - as Long as Clients Come First." In the Q & A with Fisher, he basically said that annuities (especially the variable type) are bad, a position he's been spreading around the media for awhile. Financial industry experts Dr. Wade Pfau and Dr. Moshe Milevsky quickly rebutted him with information showing how... Read More

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