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 …
According to “John Hancock Releases Retail Variable Annuity” by Rebecca Moore from Plan Advisor, this new annuity has fewer costs associated with it and is quite simple in comparison to other variable annuities. AnnuityNote has 5 main benefits for the purchaser. The first is a …
People everywhere are finding themselves in need of money fast due to difficult economic times. The CEO and President of NAVA, The Association for Insured Retirement Solutions, Cathy Weatherford has advice for people in this situation. Before taking any action, consider the following tips. Talk …
According to a press release by Beacon Research, fixed annuity sales estimates in the U.S. for the first quarter of this year were $34.9 billion. The Fixed Annuity Premium Study comprised of data from 53 insurance companies, which account for about 86% of this market. …
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