Immediate Annuities Explained |
September 24, 2013 |
Annuity Definition, Annuity Guys, Annuity Videos, Immediate Annuities, Member Posts, SPIA
Provided By: The Annuity Guys In the golden era of career based retirements, everyone could count on a company paycheck for life in retirement. Unfortunately, fewer and fewer employees are leaving jobs with defined benefits programs that take care of their income and health benefits throughout their retirement years. So what options do workers who have invested a lifetime of dollars into 401Ks and IRAs have for lifetime retirement income? Watch as the Annuity Guys look at the gold standard of annuities – the immediate annuity, including...
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Stan The Annuity Man |
September 19, 2013 |
Annuity Basics, Annuity Definition, Ask Stan The Annuity Man, Fixed Annuities, Immediate Annuities, Member Posts, SPIA
Question: I have some serious health issues, and have heard about immediate annuities that have a higher payout if you are sick. I think that they are called “Rated” Single Premium Immediate Annuities. What is that? from Colin in Boise, Idaho Answer: Thanks for the question Colin, and I’m sorry to hear about your health issues. Your question is a good one, and most people in the annuity industry don’t even know this product exists. Some call this product a “Rated Single Premium Immediate Annuity”,...
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Stan The Annuity Man |
August 15, 2013 |
Ask Stan The Annuity Man, Deferred Annuities, Fixed Annuities, Immediate Annuities, Index Annuities, Member Posts, Variable Annuities
Question: Who regulates and oversee annuities? Is it at the state level or at the federal level? Bart from Santa Barbara, California Answer: Great question Bart, but as usual with annuities, the answer is a little complex. Annuities are regulated at the state level, and each state has a guarantee fund that backs up policies to a certain dollar amount. To find out the specific levels for your state, go to www.nolhga.com. There’s no uniformity in coverage, and every state has different dollar protection limitations. ...
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Stan The Annuity Man |
August 8, 2013 |
Annuity Taxes, Ask Stan The Annuity Man, Deferred Annuities, Immediate Annuities, Member Posts
Question: How are annuities taxed? from Darrell in Phoenix, AZ Answer: That’s a pretty broad question Darrell, but and extremely important one. Let me get right to the point when it comes to annuities and taxes. Always use a CPA or qualified tax professional for any type of tax questions that are related to annuities. Never take an agent’s word for it. I probably know more about annuities and taxes than most (heck, I’m Stan The Annuity Man!), but even I defer all questions to...
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John L. Olsen |
July 22, 2013 |
Deferred Annuities, Fixed Annuities, Immediate Annuities, Index Annuities, John L. Olsen, Member Posts
One of the difficulties in working with annuities is the persistent mythology connected with them. Much of the “conventional wisdom” regarding these contracts is not “wise” at all, but is often mistaken, confused, or downright wrong. Here are five of my favorite “myths”: 1) “Annuities are…” Any sentence that starts this way will be misleading at best. Why? Because all annuities are not the same. Indeed, a true statement about deferred annuities is likely to be partly or wholly untrue when applied to immediate annuities,...
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Stan The Annuity Man |
July 18, 2013 |
Annuity Fees, Ask Stan The Annuity Man, Deferred Annuities, Fixed Annuities, Immediate Annuities, Index Annuities, Longevity Annuities, Member Posts, SPIA, Surrender Charges, Variable Annuities
Question: Can I buy annuities with no fees or surrender charges? Are there no load annuities like no load mutual funds? Ron in Roanoke, Virginia. Answer: Phenomenal question Ron! The annuity industry is very late to the party when it comes to “no load” type offerings that are common in the mutual fund industry. No load can mean a few things. It can refer to no fees for buying a strategy, no fees to keep the strategy, and no fees to sell the strategy. Let’s...
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