Examine the different types of annuities and see if an annuity is the right fit for your retirement portfolio.

What is the color of your money — Red or Green?

Has a financial professional ever asked you what the color of your money is? Many investors are unfamiliar with this terminology. Most individuals have not heard of this because their financial advisers are more interested in discussing the specifics of a certain product rather than how you will benefit from that product. What I see is that focusing on product versus color can have a negative impact on your retirement.

By | 2015-05-22T16:26:00+00:00 January 27th, 2014|Annuities, Financial Planning|

The Modernization of American Annuities

The number one reason that people purchase an annuity in the first place is income protection, protection from living too long. Think of it as an insurance to protect you from outliving your assets. It is not uncommon, and it is becoming more common, for people to outlive their retirement funds, people are living longer. For many people, it just makes solid sense. With the purchase of an annuity come contractual benefits known as settlement options.

By | 2015-05-22T06:49:25+00:00 January 15th, 2014|Annuities, Annuities 101|

Do Annuities Have Fees?

Fixed annuities are issued by insurance companies and offer interest for a specific time period (other benefits also). Variable annuities are securities sold by licensed security brokers, their products (variable annuities) have fees at several layers.

By | 2015-05-22T06:35:19+00:00 January 14th, 2014|Annuities|

When is a Good Age to Consider Investing in An Annuity?

Annuities are designed as long term vehicles to be used later in life — at least until age 59 ½. To make annuity owners focus on their use later in life, the IRS imposes a 10% additional tax for any annuity accessed before that age minimum of 59 ½. The tax is in addition to any income taxes which may also be due on a pre-59 ½ distributions.

By | 2015-05-22T06:38:25+00:00 December 16th, 2013|Annuities|