Tax-deferred Annuities

Annuities and Tax Benefits

Annuities are often overlooked as a tool to include in retirement savings strategies, mainly because of their complexity. It’s true that they aren’t right for everyone, but for those who can utilize them, there are some key benefits. The ability to grow your money on a tax-deferred basis while generating a reliable income stream in the future is one of them. If you’re considering adding an annuity to your portfolio, take a few minutes to learn more about the tax advantages of these... Read More

Common Confusions About Annuities

In recent years, annuities have developed a fairly negative reputation, and while they aren’t for everyone, adding one to your retirement portfolio can be a really good idea. Unfortunately, there are many misconceptions about these financial products, keeping many potential buyers at bay, often times unnecessarily. It’s always recommended that you do your homework before purchasing any retirement savings tool, and annuities are no exception. Before entering into a contract, be sure to... Read More

Advice: Choosing a Lump-Sum, Monthly Pension, Or a Bit of Both

Traditionally, employees who took part in an employer-sponsored retirement plan, or pension, had just two choices when it came to disbursement: a lump-sum payout or a monthly pension/annuity. Recently, the Internal Revenue Service (IRS) and the Treasury Department helped create a third option, allowing retirees to blend the two previous choices into one. According to a recent article from MarketWatch, those who choose to adopt the new rules can offer their workers a chance to take distributions... Read More

Fixed Annuities Offer Four Key Benefits, Even With Low Interest Rates

There is no discounting the real financial problems facing Americans today. Low interest rates and longevity risk are two big issues, both of which can be solved through the purchase of an annuity. Everyone is talking about interest rates right now, especially with the 10-year treasury rate under 2%. Consumers are unsure of where they should put their money and where they should invest right now. The recent Brexit issue overseas has just added to the financial insecurity of Americans who are... Read More

Add A Variable Annuity With A GMWB To Your Retirement Plan

Variable annuity products are often maligned in the financial world, but they can serve an important purpose in retirement planning for many Americans. In a recent article for The Woonsocket Call, "Building a sound retirement income plan," Chris Boules explains how variable annuities can help you account for the biggest risks you face in retirement. Volatile markets and an economy with relatively low interest rates in the recent past have many people worried about their future retirement funds.... Read More

Tax-Free Distributions With An LTC Annuity

Long term care will be one of the most expensive things that most people pay for in their lifetime. Many people ignore the fact that they may need long term care at some point in their life because it's just not something they want to think about. With the sky high cost of this type of care, long term care insurance can save your future finances from being depleted by paying for this type of care in your old age. If you have ever had a family member or friend who had to pay for long term care,... Read More

Could Sales of Indexed Annuities Surpass the Variable Annuity?

There are a few different factors causing a shift from variable annuities to indexed annuities. Scott Stoltz wrote about the forecasted annuity takeover for Investment News in the article "Why indexed annuities eventually could outsell the variable annuity." For the article, Raymond James' fixed and indexed annuity team talked about the changes they've seen over the last couple of years in the indexed annuity market. Their indexed annuity sales only made up a small percentage of overall sales... Read More

Why Fixed Annuities Work In Financial Plans

As we near the end of January, many New Years resolutions have fallen by the wayside or have yet to be started. Taking a good look at your finances and making any necessary changes is one resolution that should not be ignored. It's necessary to look at the current economic landscape when you are deciding what needs to be done with your personal financial plan. There are a lot of things happening right now that might affect your finances and any decision that you make. This includes potential... Read More

Don’t Believe Fixed Indexed Annuity Myths Without Some Research

Fixed indexed annuities are a hot button topic in the media and insurance industry. Some people love them, some people hate them. There is a lot of information out there about indexed annuity products, but unfortunately some of it is biased. It's important to consider the source when you are researching fixed indexed annuities. Make sure that they are unbiased and truthful with their information. Even some reputable news sources like The Wall Street Journal and Forbes Magazine offer one-sided... Read More

MassMutual’s Capital Vantage is Latest Investment-Only Variable Annuity

Many of our recent blog posts have mentioned the increasing popularity of investment-only variable annuities. Variable annuities with living benefits have become more expensive for insurance companies and therefore, more expensive for consumers to purchase. For this reason, insurers are introducing more investment-only variable annuity products and consumers see their benefits. MassMutual is one of the latest companies to introduce an IOVA, the first one they have ever offered. Greg Iacurci... Read More

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