Annuities News, Information and Guidance

Rolling Stones Annuities

Gimme Shelter: Why Are the Rolling Stones Hawking Annuities?

The sole sponsor for the Rolling Stones’ US Tour 2019 is the Alliance for Lifetime Income, an advocacy organization whose purpose is to help Americans address the risk of outliving their retirement income. No drugs, sex, cars or even fashion — annuities. Why Annuities? It may seem a surprising choice of sponsor for The Stones…

Longevity Annuities: Are They the Answer for Your Worst Retirement Fears?

What is it that you fear most about retirement? Do you worry about running out of money? Are you concerned that you might need long term care and won’t be able to afford the costs and that you will become a burden on your family? If you answered yes to either or both of those…

compare annuities

How to Compare Annuity Plans: Choosing the Right Annuity for You

Annuities can be a tricky purchase. You need to compare annuity plans to find the right option for you.  But, there are many different products – fixed annuities, variable annuities, tax-deferred annuities, guaranteed annuities, inherited annuities, equity indexed annuities and more. How do you even begin to go about comparing annuities? Estimate how much income…

QLAC

Qualified Longevity Annuities Contract: QLAC Pros and Cons

Annuities are certainly not the only solution to being financially prepared for retirement. However, they are a financial strategy you should be aware of.  In fact, research has shown that a version of an annuity, a Qualified Longevity Annuity Contract (QLAC), can boost your retirement readiness. This article explores QLAC pros and cons. They are…

pros and cons of annuities

Pros and Cons of Annuities – How to Evaluate Annuities for Your Retirement

The Big Takeaways… Annuities are a great way to provide guaranteed lifetime income in retirement while hedging against inflation and other financial woes. Though less risky, annuities generally yield lower returns than other investment products, and often come with high fees, so it’s important to do your research before buying. You can quickly figure out…

should I buy an annuity

Should I Buy an Annuity? 4 Reasons to Make the Purchase and 4 Reasons Not To

Depending on who you talk to, you’ll get very different answers to the question, “should I buy an annuity?”  In fact, there are some great reasons to buy an annuity, but there are also many people who would advise that annuities are a terrible idea. The truth of course depends on your own goals and…

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…

real scoop about annuities

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

Annuities have a strange reputation. Some people think they are a great way to guarantee income in retirement. Other people think of them as a bad investment. So what’s 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…

Retirement Income Streams

5 Tips for Creating Retirement Income Streams

Americans are living longer than ever. That’s mostly great news for older adults.  You now have more opportunities to enjoy family and enrich your community. However, we are all concerned about outliving our money.  Having retirement income streams to meet expenses for as long as you live is a significant concern. Retirement income streams: Not…

fixed income annuity

Fixed Income Annuity: Solve 3 Big Problems with 1 Investment

Fixed income annuities can have many key benefits for retirees.  Of all the challenges we face in preparing financially for retirement — creating a steady income stream, gaining tax leverage, and reducing risk of losing money — are at the top of the list.And, the promise of fixed income annuities – an investment tool that…

annuity definition

What Is an Annuity? Hype or Hope for Your Retirement?

What is an annuity? An annuity is technically an insurance product — not an investment.  Instead of trading money for financial protection from fire, flood or a health emergency, you are trading a lump sum in exchange for guaranteed income payments.The insurance company is taking the risk for downside in financial markets and — in…

403(b)

What is a 403(b)? Is a Tax Sheltered Annuity a Good Investment?

If you are an employee at a school, church, hospital or other non profit, then you are eligible for a “tax-sheltered annuity” — also known as a 403(b) plan. (Don’t work for a non profit? Learn more about annuities and how to invest in them in a tax advantaged way. ) Your work may influence…

Retirement income

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

An annuity helps you pay yourself for life. 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…

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. Can a fixed annuity fix your retirement plan? When you buy an annuity, you are exchanging a lump sum of money for an agreed upon…

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….

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,…

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…

Retirement options

An Annuity Calculator Might Reveal Better Retirement Options

When it comes to annuities, there tend to be two sides: those that love annuities and incorporate them into their retirement portfolio, and those that think they are a bad investment. As with any financial decision, it is important to get all of the information you need to make an educated decision on whether or…

Retirement

How Annuity Rates Can Dramatically Alter Your Retirement

Annuities can be a great addition to any retirement plan, and many people decide to invest in annuities because they can offer higher payouts than other investments and typically have less risk. One thing to consider before buying an annuity is how annuity rates will affect your investment and, ultimately, your retirement income. Annuity rates…

Retirement plan

Should an Annuity be in Your Retirement Plan?

Many people decide to include annuities as part of their retirement portfolio. These investments can often be a great way to complement other retirement income, such as pension plans and Social Security payments. But is an annuity right for you? It’s important to understand the advantages and disadvantages before investing.     Advantages of Annuities…

Annuity

Which Lifetime Annuity Offers the Most Flexibility?

Though annuities can be a valuable part of your overall retirement portfolio, not all annuities are the same. Some annuities have oppressive terms which may not offer you the best opportunity to reach your retirement income goals. Other types of annuities are more flexible, offering account holders the ability to customize their experience. Annuities are…

What is an Annuity? It’s the Defensive Line for Your Retirement Plan

When it comes to preparing for retirement, most Americans are all about saving, saving, saving. But in financial planning — as in sports — playing defense is just as important as playing offense.  And annuities can provide a good defense. Still, more than half of Americans (55%) do not believe that protecting their assets is…

Annuity

Worried About Low Interest Annuity Rates? 4 Strategies for Better Returns

In recent years, many people have decided to invest in annuities as part of their financial plan in retirement. Payouts for these investments are typically better than other income-producing investments because those who purchase annuities pool their mortality risk with other annuity purchasers. Annuities can be a confusing product.  Learn about the pros and cons…

What is a Fixed Rate? Why 2015 Will Be A Big Year for Fixed Annuities

This year will be big for fixed annuities, according to financial experts. But how an annuity works remains a mystery for many. AARP found that half of surveyed workers described themselves as “not too familiar” or “not at all familiar” with annuities — let alone the intricacies of different kinds of annuities and why a…

3 Reasons Why Lifetime Annuities Are Terrible Investments and 1 Reason to Consider Them for Retirement

Investments are hugely important for retirement planning.  “Investing” means putting money into an asset with the expectation that it will grow, produce dividends or generate interest.  Investments are designed to grow your money although most, if not all, forms of investment involve some form of risk. By this definition, annuities are a terrible investment.  Why? …

What is an Annuity? 5 Things You Need to Know About Annuities

An annuity is an insurance product that you can purchase from a financial institution—usually an insurance company—that is designed to accept, grow and eventually pay out funds over a period of time. Because annuities can provide you with a steady source of income, they are commonly used as retirement planning tools by individuals who want…

Annuities

How the Federal Reserve Has More People Looking at Buying Annuities

What could be better than income you can depend on throughout your retirement? That’s why annuities were born, and why so many people have chosen to invest their money in these low-risk insurance products. But a funny thing happened on the way to the bank a few years ago. A zero interest rate policy (ZIRP)…

Annuity calculator

How to Use an Annuity Calculator

A well-appointed retirement portfolio isn’t dependent on one source of income to sustain you. A much safer approach is diversification. That way, if one source falls flat you’re not left high and dry. Annuities are one way to diversify, but they should be approached with a lot of caution. With an annuity calculator, you can…

Annuities

5 Upsides of Investing in Annuities

Retirement planning seems to become more complex all the time. The more you learn, the more you know that there’s always something else to learn. Such might be the case with investing in annuities. If you’re not familiar with annuities, you can think of them as a type of retirement insurance. You pay in before…

Annuity Pros and Cons: Should You Opt for a Deferred or Immediate Annuity for Longevity Protection

Americans fear outliving their money more than they fear death. A staggering 61% of survey respondents said they were more scared of outliving their assets than they were of dying, according to a 2010 study of baby boomers from Allianz. The research found that this percentage climbed to 77% for those age 44 to 49,…

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…

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…

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…

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…

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…

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…

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. Estimate how much income your savings can generate using an Annuity Calculator. Here are five mistakes to avoid when shopping for annuities: 1. Investing…

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…

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…

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. Estimate how much income your savings can generate using an Annuity Calculator….

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…