Annuity School |
February 9, 2012 |
Annuity Basics, Annuity123, Income For Life, Miscellaneous Annuity Info
As many of you probably heard this week, there is some potential new legislation that could alter 401k accounts to have a type of longevity annuity available to every American. Furthermore, there are some big things on the table in regards to altering the current pension plans into much more consumer, annuity friendly vehicles. So all of this exciting news for the retirement income industry has brought with it a need for education on annuities. I won’t mention the television station, but I watched two...
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The Department of Treasury Loves Annuities |
February 3, 2012 |
Annuity Basics, Annuity123, Income For Life, Miscellaneous Annuity Info, Your Retirement
This week the Treasury Department announced a new regulatory proposal that would encourage lifetime income options in retirement plans such annuities. A couple of main points were discussed in this new proposal. The first would allow current participants in defined benefit plans (for the small percentage of consumers that still have DB plans) to take their retirement savings in the form of an annuity plus a lump sum. Currently, the rules state that it is only one or the other. The second point would...
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Does Your Advisor Personally Own What He Recommends To You? |
February 2, 2012 |
Annuity Basics, Retirement Planning, Your Retirement
Does your financial advisor personally own the financial recommendations that he or she recommends that you buy? The answer might shock you when you actually ask them. What shocks me just as much is the lack of people who ask their financial advisors this question. Wouldn’t you want any salesman who is recommending a big ticket purchase to believe in their product so much that they personally own it themselves? If I go and try to buy a luxury BMW tomorrow and I find out...
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Be The Boss Of Your Financial Advisor |
January 28, 2012 |
Annuity Basics, Retirement Planning, Your Retirement
Here at Annuity123, we have the utmost respect for financial advisors. In fact, we place them up high on a pedestal just as we do doctors or any other practitioner that increases consumer’s wealth or health. However, we also realize doctors, lawyers, pro athletes and financial advisors are people just like you and me, who have specialized in a certain field. Just as there exists corrupt doctors and lawyers, the same can exist for financial planners. But you probably didn’t need me to tell you...
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Gen X Might Be Less Prepared Than Their Baby Boomer Parents |
January 25, 2012 |
Annuity Basics, The United States Economy, Your Retirement
Just when we thought the baby boomers had their hands full trying to get prepared for retirement, we might have overlooked another generation who fairs even worse. A recent survey revealed that Generation X might be even worse off than their parents. Moreover, many of them have given up on contributing to their 401k’s and the stock market in general. From Life Health Pro by Elizabeth Festa Nearly two-thirds, or 65%, of the members in Generation X lack confidence that they will have...
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