Annuities News, Information and Guidance

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…

Longevity Annuities in Retirement Plans: What Are They? Why Buy Now? For Whom?

Thanks to rules passed late last year, longevity annuities may  grow in popularity as a compelling way to plan for retirement — in particular, a long life in retirement. Longevity annuities have been around for years offering retirees a way to hedge against “longevity risk,” or the possibility of outliving one’s savings. Until recently, there…

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…