Annuities News, Information and Guidance

Is an annuity a good idea?

How Does an Annuity Work: Debunking the Myths

Annuities are often misunderstood, and the resources for defining them can be overwhelming. AARP found that half of surveyed workers described themselves as not too or  not at all familiar with lifetime annuities. “Annuities have a bad reputation among some people — but not necessarily a well-deserved one,” says TIAA CREF in a recent advice…

Competitive intelligence and retirement

Expert Interview with Sheryl Moore About Competitive Intelligence and Retirement for NewRetirement.com

Sheryl Moore is the creator, founder, president and CEO of Wink, Inc. After seeing a hole in the insurance industry, Sheryl began developing an idea that turned into the successful company, Wink. Not only did she create a thriving business, but she has also put an energetic, expert team together to offer the best in…

Should I Buy an Annuity?

Am I Too Young to Buy an Annuity? What is the Right Age for Purchasing an Annuity

Annuity purchasers are getting younger, recent data show. And for a good reason, financial planners say. “We’re seeing more knowledge around annuities, and more younger people are using them,” says Chad Noyes, managing director and financial advisor of Chicago-based Hoopis Financial Group, a member of MassMutural Financial Group. An annuity, or insurance product that pays…

Best Annuities

The Best Annuities: What to Look For and Why Buy Them

With the Best Annuities Your Retirement Can Set Sail While investing a big portion of your retirement savings in the stock market can be a risky decision, putting some of that money into an annuity can help ensure you have a steady flow of income for life. There are downsides, but they can be a…

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5 Things You Need to Know about the New Longevity Annuity

If the recent recession taught pre-retirees one thing, it’s that a comprehensive, diversified approach to retirement planning is paramount. Even those who were well prepared with longstanding 401(k) plans or Independent Retirement Accounts (IRAs) found their investments took a hit during the economic downturn. Some people have considered additional products such as annuities to help…

Annuity

6 Questions to Ask Yourself Before You Purchase an Annuity

Should you buy an annuity? Investing your capital and planning for retirement are important practices, but there are a ton of options out there for how and where to park your money to realize potential growth in the future. Simply put, an annuity is a contract between you and an insurance company. You essentially give…

Buying an annuity

7 Signs Buying an Annuity Makes Sense for You

Prepared for properly, retirement can be a time when well-laid plans to come to fruition, providing the financial foundation for a lifestyle of comfort and leisure. If those are your goals for the next phase of life, you may want to consider if an annuity should be part of your plan. An annuity may provide…

decoding annuities

Most Americans Don’t Understand Annuities; Decoding the Mystery of How Does an Annuity Work

While 71% of Americans say they would consider buying an annuity to meet a variety of needs, more than half admit they don’t understand the product, according to a survey by Phoenix Companies, Inc., a financial services firm. Annuities are used for a number of reasons, but about half (49%) of survey respondents indicate they…

Benjamin with Uncle Sam Hat.

Worried About Running Out of Money? New Treasury Rule Makes Longevity Annuities More Appealing

On July 4, an Arkansas woman celebrated her 116th birthday and was named the oldest confirmed living American. While that’s old by any standard, birthday girl Gertrude Weaver is actually the second-oldest person in the world—a sign of global longevity trends; we are living longer now than we ever have before… and paying for these…

Mid age couple with financial advisor at home

5 Mistakes To Avoid When Shopping for Annuities

Annuities can be a great way to receive steady income in retirement, but because they are complex financial products, it’s best to do some research before purchasing one, financial planners advise. Here are five mistakes to avoid when shopping for annuities: 1. Investing too much money when purchasing If you decide to purchase an annuity,…