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

Annuities: How long have they been around?

I was asked the other day about the origin of annuities. Were they created since WWII? The fact is, annuities have a long history dating back to the Roman Era when they were used as a form of gratification for loyal soldiers. Sometimes the emperor gave land, sometimes an annual stipend, an annuity of sort. [...]

By | 2013-09-25T20:48:48+00:00 April 8th, 2013|Annuities|

5 Things Every Baby Boomer Needs To Know About Annuities

5 Things Every Baby Boomer Needs To Know About Annuities Myths and Truths about Annuities We all remember stories from our childhood which turned out to be nothing more than a myth.  In fact there are several categories of these stories; of course there is the truth, but also legends, folk tales and superstitions. When it [...]

By | 2017-07-31T19:19:43+00:00 January 24th, 2013|Annuities, Annuities 101, Uncategorized|

Charitable Gift Annuities

A charitable gift annuity (CGA) provides a structured way to give to charity while securing your own future. A gift annuity purchaser secures immediate tax relief, in addition to monthly dependable retirement income stream. The way this works is that in return for a lump sum gift contribution, the charity guarantees you a steady income for the rest of your life, options include immediate or deferred

By | 2015-05-23T04:16:12+00:00 January 23rd, 2013|Annuities, Annuities 101|

Promises Made, Promises Kept: The ‘Cross Your Heart’ Investment

Wall Street made promises to all of us. They promised to provide us with products that had value and an agreed upon level of safety. They failed in that promise. The reason is very simple; they are greedy and placed their own needs and goals over the people who trusted them and their products. I happen to feel the blame is very narrow on the Wall Street category and responsibility really lies with only a handful.

By | 2015-05-23T04:22:18+00:00 June 19th, 2012|Annuities, Annuities 101|

Annuities Explained

Annuities come in two varieties – Fixed and variable. A fixed annuity is somewhat like a CD, in that the insurance company issuing the annuity agrees to pay a fixed rate to the investor, while the investment, along with associated profit or loss, is also the company’s responsibility and right. The performance of the investment is not directly coupled to the returns the investor gets. The insurance company acts as a barrier between the index and the investor, minimizing the impact by siphoning off huge spikes in both profit and loss, while passing along stable returns to the investor.

By | 2015-05-23T04:52:12+00:00 June 12th, 2012|Annuities, Annuities 101|

Death Benefits and Annuities: Tips and Hints

Annuities are contracts with written contractual provisions which include benefits paid to a named beneficiary. In the event of the annuitant (a person) dies, the proceeds from an annuity are passed to the beneficiary. The beneficiary can be a person or persons, a trust or an organization. If the annuity names a beneficiary, the funds are paid without the need of probate.

By | 2015-05-23T07:38:47+00:00 June 7th, 2012|Annuities, Annuities 101|

Variable Annuities | Tips to fully understanding variable annuities

If you are considering the purchase or if you already own a variable annuity make certain you fully understand how they work. Annuities can be a good decision and they can also be your worst nightmare. The difference depends on how the benefits of a variable annuity can benefit you Listed below are 10 things to fully understand before buying a variable annuity.

By | 2015-05-23T07:43:29+00:00 June 7th, 2012|Annuities, Annuities 101|

Equity Indexed Annuities

The returns from these annuities are based on the increase in the stock or equity index, such as the S&P 500. If stocks go up, you get a share of the profit. If the stocks fall, you won’t lose any money, since your contract assures you minimal returns of principal amount plus pre specified interest (usually 3%). In effect, you have a chance of making a profit, but you are not liable to bear any losses. So who does? And how can someone offer you stock market profits without putting your investment at risk?

By | 2015-05-23T07:47:36+00:00 June 7th, 2012|Annuities, Annuities 101|