Howard Hafetz |
December 19, 2013 |
Annuity Basics, Annuity123, Howard Hafetz, Index Annuities, Member Posts
The Indexed Annuity market is very convoluted and voluminous. As mentioned in a previous article (Goldilocks Syndrome), the insurance companies design them to have something unique, so to differentiate themselves from other products in the market. By definition, they are challenging to understand, but once you get the basics down, you will find them to be much simpler than you would expect. The term “Indexed”, refers to market indexes, and they could be stock market or bond markets, US or International markets, precious metals markets,...
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James D. Kersey |
December 19, 2013 |
Annuity Basics, Annuity Taxes, Annuity123, Member Posts
In my 33 year career, my clients have always been inquisitive of the tax consequences of moving money from one account to another. As we review current and prospective clients’ annuity contracts and they come to realize that there may be a better solution, they all seem to want to know the answer to that all important question of “Will I pay taxes if I exchange my annuity for a better one?” My answer is always the same: “No!” Even though the IRS always seems...
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Jason Soloman |
December 17, 2013 |
Annuity Basics, Fixed Annuities, Index Annuities, Jason Soloman, Member Posts
The debate about fixed annuities has been going on for years. Some advisors/insurance agents will only sell indexed annuities to retirees; other advisors/agents won’t associate their name with such products. I on the other hand believe that for the right person, an indexed annuity could be a piece of a holistic retirement plan. Listed below are 3 reasons I like and hate indexed annuities. Things I love About Indexed Annuities 1. Income For Life People can bash the Social Security system all they want, but...
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Jason Soloman |
December 16, 2013 |
Annuity Basics
Written By: Matt Nelson – President of Income For Life LLC in Topeka, KS Think about this: What sort of chaos would there be across the nation without insurance products? For starters, there would be no sporting events on any level. There would be no workplace. There would be no manufacturing or industrial productivity without insurance. Without it, our economy would not prosper because no single person or business entity could afford to take on such liability exposure. With that said, it is important to...
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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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John P. Grimes |
December 13, 2013 |
Annuity Basics, Annuity123, John Grimes, Long Term Care, Member Posts
If you’re of a certain age like me, think AARP subscriber, then you’ve no doubt been bombarded by solicitations to purchase long term care insurance, LTCI. It really makes sense given that the chances of needing care at some point are better than 50/50 for most people. Do a little research and you’ll find it costs anywhere from $6K to $10K per month for a stay in an Assisted Living facility or Nursing Home. Given that the average stay in a nursing facility is 3-5...
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Keith L. Collins |
December 12, 2013 |
Annuity Basics, Annuity123, Fixed Annuities, Member Posts
For most retirees living on a fixed income, every penny counts. Unfortunately for them, every penny counts to the Internal Revenue Service too. There’s no arguing that taxes on social security are incredibly high. As a matter of fact, according to current tax law, up to 85 percent of a person’s Social Security income is taxable when their total ‘threshold income’ exceeds a set limit. What is threshold income? Threshold income is the government’s formula for determining how much of a person’s Social Security is...
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Keith L. Collins |
December 11, 2013 |
Annuity Basics, Member Posts, Secondary Annuities
Written By: Larry Klein in Walnut Creek, CA There are 2 types of annuity buyers that end up with annuities they would like to sell (and you could be the buyer): Those people who buy immediate annuities and then later decide they desire the cash rather than monthly or annual payments over time Those people who get legal settlements in the form of an annuity and they prefer to have a lump sum of cash You can be the buyer of such “secondary annuities” and...
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Todd D. Heckman |
December 11, 2013 |
Annuity Basics, Annuity123, Healthcare, Long Term Care, Member Posts, Todd Heckman
The Medicare program began life as an addition to President Franklin Roosevelt’s vision to meet the needs of older workers living in America. Medicare was created in 1965 under Title XVIII of the Social Security Act to include health benefits for those retirees eligible for Social Security retirement. What is Medicare? Within 3 months prior to and up to 3 months after your 65th birthday, you are eligible to enroll in Medicare. There are no income qualifications (minimums or maximums) for the program, just...
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Richard Ericson |
December 9, 2013 |
Annuity Basics, Annuity Bonuses, Annuity Caps, Fixed Annuities, Income Riders, Index Annuities, Member Posts
Which equity indexed annuity is the best? Which annuity is the best for you? Often individuals become overwhelmed by the amount of choices available when learning about, and selecting the best annuity for their purpose. I believe those who are over 50 should have a majority of their retirement assets in safe, protected and guaranteed retirement planning vehicles. The key investment piece is the Equity Index Annuity. Equity Index Annuities may be referred to as fixed index, index, or hybrid. Equity index annuities are NOT...
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