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

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 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

Should Anyone Buy a Variable Annuity?

There is a lot of money invested in variable annuities right now, close to $140 billion actually.  But there are quite a few variable annuity haters out there as well.  Since variable annuity products have a lot of moving parts, it's important to know what is involved before purchasing one.  Marketwatch's Stephen Williams wrote an article to help people determine "How to know if a variable annuity is right for you."  Variable annuity haters say that the products are too complicated and too... Read More

Prudential Introduces Three New Annuity Products

Prudential Annuities has released some new annuity products over the past year and a half.  Each product offers benefits geared towards a specific group of people.  All of the products were designed as alternative ways to save and provide income instead of traditional savings and CDs.  Their newest variable annuity, Prudential Premier Investment, is an investment only product made for investors who are looking for tax protection.  In the Main Street article, "Innovative Variable Annuity... Read More

Important Annuity Information From the IRI

I recently blogged about seven important facts from the IRI Fact Book 2014.  Life Health Pro's Warren S. Hersch has been summarizing the 200 page report so that we can get the most important annuity and retirement information.  In "7 facts about annuities you should know," Mr. Hersch discussed some more of the timeliest data and trends related to annuities.  The IRI researched how consumers feel about and use annuity products, specific trends related to Baby Boomers and women in Generation... Read More

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