Annuities News, Information and Guidance

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,…

man looking at surf

The Lifetime Annuity – A Life Vest for Your Retirement

Imagine this: Bill, a 65-year-old man, has been getting ready to go on a big swim. He’s not completely sure how long this swim is going to last—although he has an approximate distance in mind—but he’s been preparing for it for decades. But without knowing exactly how long this swim will be, Bill isn’t sure…

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The 3 Reasons a Lifetime Annuity is the BEST Retirement Investment

When you’re planning for retirement, you’re often trying to determine the best mix of investments for your retirement portfolio. There’s no one-size-fits-all solution, and your planning process has to take into account your own particular situation and needs. One potential investment you may want to consider is a lifetime annuity, and there are a few…

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How Does A Lifetime Annuity Work: Lifetime Annuities Explained

No doubt you have heard of annuities.  In fact, if you are already preparing and planning for retirement, you may even have one. But you may be fuzzy on the details of what exactly a lifetime income annuity is, and how it works. How does a Lifetime Annuity Work? Lifetime income annuities are insurance products…

Can an Annuity Help You Generate More Retirement Income?

Closing the Retirement Income Gap PBS Newshour, November 2013 The difference between a safe annual retirement income and basic retirement expenses is known as the retirement income gap.  Facing an alarming decrease in American workers who have a pension to count on, many people approaching retirement age are wondering where they are going to be…

Annuity Options are now Incentivized

According to an article by BusinessManagmentDaily, the federal government wants to give retirement plan participants more incentives to invest in annuities. In fact, the IRS and Treasure Department have proposed a new package of regulations and rulings that intend to offer incentives for investing in annuities. In addition to these incentive-based regulations, the required minimum distribution…

Annuity Confusion

One of the most confusing to understand yet potentially one of the best ways to invest your money is in an Annuity.  An annuity is like a pension that you buy for yourself.  You purchase monthly income for a specific period of time for as long as you live.  This sounds great, but not all…