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Annuity Basics

Should You Hate Annuities?

Art McPherson

If you are reading this article, you can probably identify with the title in some form. However, annuities are one of the largest growing financial segments in the financial industry. There are currently 223,000 advisors in the financial services industry and only 1% of those advisors produce more than 1 million in production annually. Out of those select few advisors, only a handful of advisors have a radio show that offers financial information on a regular basis to educate their clients and their communities. If...

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The Right Tools for Retirement: A Quick Guide about Annuities

John Hill

The question is not if annuities are good or bad. The question is what type of annuity works for your retirement. All tools exist for a purpose. Don`t use a hammer when you need a screwdriver. In this article, I will discuss the purpose of annuities, specifically fixed and fixed indexes annuities. By the end of this discussion, I will outline some of the questions surrounding annuities and why annuities are the right tool for your retirement. Question 1- How much money should I risk?...

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Why The Popularity of Annuities Can Be a Bad Thing!

Jim Fox

If you’re like many Americans nearing retirement, you’ve been invited to more dinner and lunch seminars than you can count. What might surprise you is that only half a percent of people who receive those invitations actually attend the seminar. Even more shocking is that majority of seminars are geared toward one thing: presenting and soliciting annuities. When I began working as an advisor, almost two decades ago, I was trained that annuities were horrible retirement vehicles sold by seedy salesmen with little regard for...

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The New Age Annuities…

Charisse Smith

If you are embarking into the annuity world for the first time it is like being lost adrift in the movie “Water World.” You are wandering in a sea of never ending questions. Folks that have been in annuities for years still don’t understand them. There are fixed annuities, immediate annuities, variable annuities, and index annuities with caps. All of these are quite complex, especially if you have received your first annual statement and you only made 3 percent. Annuities have changed immensely from the...

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What Should I Believe About Annuities?

Jason Weckel

Of the entire spectrum of financial tools and products that have been available to investors over the last several decades, virtually none of them have been so polarizing as annuities. In theory, they are attractive options for retirees looking for a consistent income stream often times supplementing a pension or Social Security. Yet there is no shortage of articles both on the Internet and in print advising would-be annuity owners about the many pitfalls of these instruments. Some commentators offer cautious, thoughtful insight into the...

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Value and Variable Annuities

Chris Letendre

Everyone always asks me, “Chris, what do you think of variable annuities?” And every time they do, my first thought to myself is, “how much time do you have?” I have over 20 years of experience on this subject, and there are so many things I would like everyone to know and learn. But the reality is: For most people, what I know about variable annuities is too complex for the average investor to want to learn. I believe the insurance companies that offer variable...

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Fixed Annuities vs. Variable Annuities

Randy Floyd

For most people, the word “annuity” might as well be a four-letter word. When I talk about them in my practice, I find that there is a very negative connotation associated with them. Yet most people’s understanding of annuities is very limited at best. So, I wanted to take some time to explain what they are and go over some of the different kinds of annuities. I think most people will realize that they are not quite the monster they have been made out to...

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What If You Live Too Long?

Paul Hubbard

One of the burning questions pre-retirees and retirees have on their minds is, “Is my retirement nest egg large enough to last?” This is due to fact that, with the advancements of modern medical technology and the concentration of health and fitness, retirees nowadays are simply living longer. Many have done a splendid job saving over the years in their IRAs and 401ks to ensure a pleasant and peaceful retirement. While this is great news on one hand, it also creates challenges on the other...

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When is the Right Time to Buy an Annuity?

Randy Floyd

This is a question I get asked a lot in my practice. However, this question is asked for many different reasons. There are several issues this question refers to, and each of them should be answered specifically in accordance with their real, underlying question. At what age should I purchase an annuity? This is a broad question, and will be answered in more detail as we work through some of the others. Generally speaking, most people under the age of 40 should not purchase an...

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Variable & Hybrid Annuities – Are They Good or Bad?

Jeff Juniper

Annuities have been around for almost 2000 years and the public’s understanding of how they work is at an all-time low. “I Hate Annuities and So Should You” is what one investment firm says in their full page ads from coast to coast. Why do they spend hundreds of thousands of dollars on those ads? The answer is to attract attention because there is so much confusion about how these products work. What they don’t tell you in those ads is that there are good...

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