Interest Rates and Annuities
Much of the news you hear about in the financial industry revolves around the current interest rate and how it …
The Basics of Annuities – Getting Started
If you’re new to annuities and interested in learning more, there are two primary routes you can go; speaking with and expert or self-directed learning.
Ask an Expert
Speak with an expert who will learn more about your unique situation and can explain types of products that will best fit your needs and help you reach your retirement goals.
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Click here to Ask Annuity FYI ▼
Self-directed Learning
Utilize the resources on AnnuityFYI.com, learning at your own pace. Below, you will find links to information and videos to quickly bring you up to speed on annuities. Read on to determine if an annuity is right for you, and if so, what type of annuity might be the best fit. Self-assessments, check lists and warnings represent some additional content those new to annuities find especially helpful. Click the headings below for more information. At any time, feel free to reach out to the experts at Annuity FYI should you have questions.
What is an annuity?
An annuity is a contract between you (the annuity owner) and an insurance company. In return for your payment, the insurance company agrees to provide either a regular stream of income, the right to withdraw up to a certain percentage per year, or even a lump sum payment at some future time (generally, once you retire or pass age 59 1/2).
Is an annuity suitable for me?
For some, annuities can complement a total retirement income strategy to supplement other sources of money during retirement. Annuities have advantages such as allowing you to pay in unlimited premiums and they grow compound tax-deferred. (Upon withdrawals,** you will pay taxes on interest earned and the principal if the annuity was purchased with pre-tax dollars.) However, annuities are not for everyone.
What are the different types of annuities?
There are different types of annuities to meet the specific needs of individual retirees and pre-retirees. Annuity FYI can help simplify the selection process.
The Annuity Qualifier
Help me determine which may be the best annuity for my financial situation.
Retirement Self Assessment
What type of retiree or pre-retiree are you? Take this self-assessment consisting of ten statements designed to help you decide what may be the best use of your retirement dollars.
Annuity Checklist
You want to be well-informed to put your money to work in the best way for your situation. Annuity FYI suggests that, prior to making a purchase decision about an annuity, you consider some ideas about the product, the insurance company behind it, and the licensed professional selling it.
Annuity Warnings
Annuity FYI regularly publishes warnings about potential pitfalls in purchasing an annuity. Read this before you purchase!
Annuities: Find The Right One For You
What type of annuity might best suit your situation? This guide explains the main types of annuities and identifies what to look for in each.
What is an Annuity Illustration?
An illustration of an annuity provides detailed information in graphical format about its likely performance over time, including the past, of income and growth oriented fixed indexed annuities and income and growth oriented variable annuities. It removes any uncertainty about how the annuity may fare and how much its value may change over time.
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ANNUITY BASICS
Unhappy With Your Annuity? Consider a 1035 Exchange
When you use money from an existing annuity to buy another one, the process is often referred to as an …
Annuity News: Year in Review
Annuities were a hot topic in financial news this year. According to a recent InsuranceNewsNet article both lawsuits and regulation were …
Annuity Sales Rules To Be Adopted By Year’s End
As most people nurse their holiday hangover and gear up for the upcoming New Year’s celebration, state insurance regulators are …
There is Still Time to Trim Your 2019 Tax Tab — But You Have to Act Soon
By Steve Kaufman We’re in the thick of the holiday season, and this should be as joyous a …
Annuity Sales Model Moves Forward
Last Sunday, the Life Insurance and Annuities Committee met at the NAIC Fall Meeting in Austin, Texas. The agenda: strengthened …
ARTICLES & GUIDES
Interest Rates and Annuities
Much of the news you hear about in the financial industry revolves around the current interest rate
Planning For and Protecting Your Retirement
According to a recent article from US News, 72% of Americans say that they think it’s important
Put Retirement Worries To Rest With An Annuity
For many, the thought of retirement is both jubilant and worrisome. While the idea of spending time
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