Howard Hafetz |
December 13, 2013 |
Annuity Basics, Howard Hafetz, Income Riders, Member Posts, Miscellaneous Annuity Info
There is a lot of marketing done that references various “returns”. Much of it is misleading at best and flat out incorrect at worst. Let’s try to make sense to all the rhetoric. Marketing, typically, is designed to generate interest in people that may be in the market for a product or service. It should capture interest by emphasizing the best attributes of the product or service. But, I am sure most would agree that, in many cases, it goes way beyond that. Have you...
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Carl Ostenson |
December 1, 2013 |
Annuity Basics, Carl Ostenson, Member Posts, Miscellaneous Annuity Info
A very common question that I get from people who have never put money into an annuity or aren’t that familiar with them is “How do I get the money from my current account, into the annuity?” So here are the 3 most common ways that people fund a new annuity contract Write a check Do an account transfer Transfer an old annuity into a new one Write a Check This is the easiest way to fund an annuity. Maybe you had a bank CD...
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Carl Ostenson |
October 16, 2013 |
Annuity Basics, Annuity Bias, Miscellaneous Annuity Info
Have you ever considered why an industry that offers dependable transfer-of-risk focused solutions to those interested in protecting their retirement assets can generate so much hate? The industry being referenced is of course the Annuity Industry, which somehow has many people bashing it….many of which are not even exactly sure why after getting past the “annuity hater talking points” described further in this article. So why is the annuity industry receiving such flack? Is it justified? Who is spreading the sour milk? First, this article...
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Rob Brinkman |
October 14, 2013 |
Member Posts, Miscellaneous Annuity Info, Rob Brinkman
A recent study conducted by the Society of Actuaries and the Stanford Center on Longevity attempts to equip employers and plan sponsors with information on RIGs (Retirement Income Generators). An R.I.G. is an annuity, which they conclude produces higher income than traditional investment income. In this educational video, Rob Brinkman provides history backgrounds and overviews of both Defined Benefit plans and a Defined Contribution plans. Further, he will help you understand the study’s conclusion and explains why the study is titled: the Next Evolution in...
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Rob Brinkman |
October 3, 2013 |
Member Posts, Miscellaneous Annuity Info
Written By: Larry Klein in Walnut Creek, CA I am a CPA (inactive), a retired financial advisor and active investor. Before making any large financial decision (on behalf of a client or for my personal needs), I do a tremendous amount of research to ensure that no stones are left unturned. Every time I research anything relating to annuities on Internet, I’m baffled by the tremendous amount of misinformation that is published online, so I am writing this brief article in an attempt to shed...
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John L. Olsen |
October 1, 2013 |
Annuity Basics, Annuity Suitability, Annuity Taxes, Deferred Annuities, Fixed Annuities, Immediate Annuities, Index Annuities, John L. Olsen, Member Posts, Miscellaneous Annuity Info, Variable Annuities
If you are considering the purchase of some kind of annuity, you know what you want and need. But how can you determine whether the annuity product being recommended to you will meet your needs better than a different kind of annuity or some non-annuity alternative (such as a CD or mutual fund)? And how did the insurance agent showing you the annuity decide that the product he’s showing you is the one most suitable for you? The answer to both questions lies in that...
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John L. Olsen |
September 30, 2013 |
Member Posts, Miscellaneous Annuity Info
Written By: H.A. Reniger, III, in Simi Valley, CA Several weeks ago, after an expensive repair to our 1999 minivan, we decided it was time to look for a replacement. We bought the minivan when it was new, and keep our cars for many years after they are paid off. To my wife and me, buying a new car is like going to the dentist for a root canal, prepping for a colonoscopy, or buying an annuity: The emotional side of your brain wants to...
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John L. Olsen |
September 25, 2013 |
Member Posts, Miscellaneous Annuity Info
Written By: Larry Klein in Walnut Creek, CA I am a CPA (inactive) and fortunately also able to think outside the box. Many accountants think of investments only in terms of their Internal Rate of Return (IRR). The IRR for an investment takes into account: The amount you receive over the period you own the investment The amount you get back at the end Life annuities do not have any payment at the end as the payments cease at death. The IRR of a typical...
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Stan The Annuity Man |
September 12, 2013 |
Annuity Taxes, Ask Stan The Annuity Man, Life Insurance, Member Posts, Miscellaneous Annuity Info
Question: Is an annuity considered life insurance? Do they work the same? from Ted in Miami, FL Answer: Most people don’t know this, Ted, but annuities are actually issued from life insurance companies….so in essence they are life insurance products. However, annuities and life insurance are vastly different when it comes to how they are taxed. As a side note, when it comes to anything involving taxes, you should always consult with a qualified CPA or tax lawyer. Annuity agents are not tax advisors, and...
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Stan The Annuity Man |
August 5, 2013 |
Annuity Guys, Annuity Videos, Member Posts, Miscellaneous Annuity Info
Written By: The Annuity Guys Apples and oranges – what do they have in common? Both are fruits! Why would we start a discussion about annuity earnings with apples and oranges? When people start looking at annuities, they invariably want to compare them to mutual funds or other securities. Commonly, they will start the discussion about the merits of a particular annuity by asking about the “upside” or growth potential. Let us state this clearly – thinking of annuities as accumulation products by comparing them to securities is just plain wrong in...
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