Annuities News, Information and Guidance

pros and cons of annuities

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

If you are worried about paying for retirement, it is worth evaluating the pros and cons of annuities. An annuity is an insurance product that pays out income. You make an investment in the annuity and then it makes payments to you, giving you a dependable income stream during retirement. Pros of Annuities Annuities offer…

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. ) History of the 403(b)…

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…

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….