What is the actual definition of a senior? Does that mean old folks? Does it mean retirees?
Five important questions to ask when you are considering an annuity.
The lingering question about the success of variable annuities as a sales vehicle is on the surface difficult to understand. By examining it closely and using the “new car” concept of selling, the focus is on the allure, the new paint, the transformation of us as drivers being behind the wheel and on it goes.
The record stock market gains of 2013 and the market’s ability to ignore everything from poor earnings reports to last April’s announcement of a QE3 decline in Treasury buying should be seen as a new wave of “irrational exuberance.”
We are now facing an economic situation similar to about 20 years ago, and I know from experience that you’re not going to like what’s about to happen to you and your important money.
Having weathered the economic crisis in 2008 with most of their value intact, fixed rate annuities have become the standard for retirement savings. Variable annuities, on the other hand, try to accomplish more than that. Higher Risk investments may generate more income for the annuity holder, but this income can be reduced by the fees charged for maintenance of these accounts. In addition, if the market loses money, your account value decreases with it and fees still are charged on your variable annuity.
By Bill Broich The nearer you are to retirement, the more pressure you are under to make sure you have a reliable and steady source of income for the remainder of your lifetime. Social security and pensions are part of the equation, but many times they are insufficient to maintain your lifestyle and living conditions. Read more >>
By Bill Broich Fixed Indexed Annuities are valuable tools for many planning retirement. Along with a company pension and social security, a Fixed Indexed Annuity can provide the basis for guarantees in a retirement plan. Fixed indexed annuities are excellent investments that allow you to enjoy the benefits of interest linked to the market without Read more >>
By Bill Broich Finally, I am able to file for my social security retirement income. It has been a long time coming, so many years of paying in the absolute maximum. Now I get my check each and every month, Woo Hoo! Along with my new found financial windfall, my doctor informed me I also Read more >>
By Bill Broich Annuities have been all over the news recently; the US Department of Labor now allows their use in 401 (k) retirement planning. You are now allowed to position 25% of the assets in your 401 (k) into an annuity which offers income and guarantees. The question of course is suitability, is an Read more >>