Annuities News, Information and Guidance

Retirement income

Annuities — Can They Provide Enough Money for You to Live Securely in Retirement?

Annuities often get a bad rap, but maybe that’s not entirely fair. While some advisers love them, just as many, probably more, warn against them. But there are a lot more options than there used to be, and more ways for you to find a policy that suits your plans. No one should set all…

fixed annuity

Are Fixed Annuities a Good Fix for Your Retirement Plan?

It appears that more consumers are turning to fixed annuities as a source of income in retirement, and demand for the product doesn’t seem likely to slow any time soon. When you buy an annuity, you are exchanging a lump sum of money for an agreed upon income stream.  The income stream can be variable…

Annuity strategies

Dangerous? Great? Foolish? The Real Scoop on Lifetime Annuities

Forget everything that you might have heard about lifetime annuities. They’re great, they’re dangerous, they’re safe, or you could lose big time. Any of those scenarios might be true under certain circumstances. But what’s important is that there is no single type of annuity. They can’t be lumped into any single category, good or bad,…

Pros and cons of annuities

Suze Orman Talks Annuities Pros and Cons

When it comes to investing, there is no right answer for everyone. Financial guru, Suze Orman warns those saving for retirement that taking action based on finance myths can get you into trouble when reality sets in. As the economic climate begins to change, so will the way that people need to save for retirement….

Annuity

Avoid These 5 Big Annuity Mistakes

People seem to either love annuities or hate them. According to Kiplinger, only about 8 percent of Americans get any sort of retirement income from private annuities, even though there are some definite benefits to owning one. The problem might be the misconceptions surrounding them. If you don’t go in with your eyes open, an…

annuities

Why Annuities Are the New Must Have Financial Product

Believe it or not, different financial strategies can be in style or out.  But unlike the arbitrary whims of fashion, financial trends usually have very logical reasons for being popular. Annuities are not new players in the retirement planning game. They are an insurance product that many have used successfully to guarantee income in retirement….

QLAC

Qualified Longevity Annuities Contract (QLAC): Why QLAC is Good for You!

Do you know what an annuity is? While annuities are not the only solution to being financially prepared for retirement, they are a tool you should be aware of. Recent research has shown that a version of an annuity, a Qualified Longevity Annuity Contract (QLAC), can boost your retirement readiness. More than half of Americans…

Annuities pros and cons

Annuities Pros and Cons: Are they More Good than Bad?

There appear to be only two annuities camps: Those who love them, and those who hate them. It’s not that cut and dried, though. Any investment has its pros and cons. The same applies to annuities, and there might be one that suits your retirement plan perfectly. If you’re thinking about expanding your retirement portfolio,…

For the relaxed retirement you want, an annuity might be necessary.

Annuities: The New Pension and Why You Need One

Retirement times are changing, and gone are the days when workers could rely on steady pensions to take them through their aging years. Indeed, fewer people are retiring with the promise of a pension, or regular payment made during a person’s retirement from an investment fund to which that person or his or her employer…

Buying an annuity

Why Buying an Annuity is Safer Than Going it Alone

Spend money on an annuity, and you could save money in the long run. There’s an age old theory that says if you can insure yourself through savings, you’re better off than purchasing insurance from someone else. Buying an annuity is essentially buying an insurance policy. So might it be a good idea to fund…