Jordan Bishop January 4, 2022 Annuities are a great way to invest, protect yourself from outliving your savings during retirement, and even protect a spouse or dependent from the financial consequences of your death. But, as with all financial instruments, annuities come with associated costs. Depending on the characteristics of the contract, an annuity’s costs … Continue reading The Real Cost of Annuities: A Look Into What You Pay for What You Get
Jordan Bishop December 28, 2021 There’s no question that annuities have their share of detractors. Some people complain about the fees associated with annuities, while others don’t like the idea of tying up their money for a set period of time. But are these criticisms really justified? Let’s take a closer look at five common … Continue reading Top 5 Reasons Why Some Hate Annuities and Why They’re Wrong
Jordan Bishop December 6, 2021 Annuities and 401(k)s are two popular tax-deferred investment vehicles that can provide income in retirement, which is one of the top priorities for the average retiree. However, while they share a set of features and characteristics that make them seem similar, annuities and 401(k) work quite differently, and both have … Continue reading Annuities vs. 401(k): Should I Invest in One, the Other, or Both?
John Rampton November 12, 2021 The prospect of having some sort of guaranteed retirement income is particularly attractive in today’s uncertain financial climate. The threat of stock market volatility or outliving your savings is less of a worry if you know you’ll be receiving a check every month for the rest of your life. Wait, … Continue reading Annuities: 15 Things You Must Know to Save You Time and Money
Deanna Ritchie November 4, 2021 Do you have enough money to retire? Are you guaranteed enough to last for the rest of your life? Are you concerned that you’ll run out of income before the end of your life? Social Security contributions are around 40% of an average wage earner’s pre-retirement earnings. If, like the … Continue reading Income Annuities Can Transform Retirement Savings Into Income
Albert Costill November 1, 2021 If you’re hoping to diversify your retirement portfolio and have more peace of mind throughout retirement, you may consider purchasing an annuity. But, to make sure that this is the right financial more, let’s break down what the heck annuities are and how they work. What is an annuity? “The … Continue reading The Secret to Annuities: What the Heck Are They?
Ali Hasnain September 9, 2021 Who doesn’t want a guaranteed income stream to gather the litter of your crushed retirement plans? But, some annuities offer financial safety. Stan Haithcock, renowned as Stan The Annuity Man states, “Saying you hate annuities is like saying you hate all restaurants.” So, let’s dive in to learn a few … Continue reading 10 Best Tips – How to Buy And Sell Annuities
Albert Costill August 22, 2021 The other day I was craving tacos. The hunger was fierce. So, I decided to head to my favorite Mexican restaurant to satisfy my appetite. Usually, I choose between either coconut shrimp or carnitas. But, on this particular day, I wanted to try something different. But, I quickly became overwhelmed … Continue reading Types of Annuities and How they Work
John Rampton August 18, 2021 When it comes to taxes, we all have to pay the piper. In this case, the piper is Uncle Sam. So, even though you’ve seemingly already paid your fair share, your taxes aren’t going to necessarily be any lower in retirement. And, this also applies to annuity owners. Annuity Taxation … Continue reading Understanding Annuities and Taxes: Mistakes People Make
Albert Costill August 9, 2021 If you’re saving for retirement, it’s advised that you focus on assets that drive portfolio growth. And, two of the best opinions that will achieve this goal are variable annuities and stocks. Both vehicles offer growth potential. At the same time, they have their own risk profiles, as well as … Continue reading Why Annuities Are Better Than Equities
