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Stan The Annuity Man |
June 13, 2013 |
Annuity Basics, Ask Stan The Annuity Man, Member Posts
Question: I’m thinking about buying an annuity and want to know if I should base my decision on the potential market growth or the contractual guarantees? Don from Iowa. Answer: Fantastic question, and this is where I differentiate myself from most agents and advisors that recommend annuity solutions. Most sales pitches you are going to hear involve variable annuities or fixed index annuities, with the agent pushing the dream of phenomenal hypothetical or projected market returns. With variable annuities, the market growth dream is pitched...
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Stan The Annuity Man |
May 14, 2013 |
Annuity Basics, Member Posts, Retirement Planning
Written By: Lyndol Anderson | West Texas Senior Solutions This general information gives basic details on options for settling inherited financial accounts. The ramifications to a beneficiary’s personal estate and income taxes will be discussed. The most common types of inherited accounts are listed in order of highest to lowest potential income tax burden. 1) Tax Qualified Accounts: IRA’s, 401(k)’s, 403(b)’s, etc. 2) Tax Deferred Non-Qualified Annuities 3) Bank Accounts: CD’s, Money Markets, Checking Accounts, etc. 4) Life Insurance 1-a) IRA Accounts: The funds in...
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Stan The Annuity Man |
January 31, 2013 |
Annuity Basics, Fixed Annuities, Your Retirement
It is shocking how few people actually understand the true value of fixed annuities. Most have their investor hats on when trying to evaluate annuities, when in reality, annuities are simply a form of insurance in which you are transferring the financial risk of outliving your retirement savings to the insurance industry. Fixed annuities do provide guaranteed growth rates, but that should not be the primary reason for your purchase. Another way to phrase the title above is – why would anyone buy insurance? Well,...
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Stan The Annuity Man |
October 24, 2012 |
Annuity Basics, Press Releases, Retirement Planning
Savior Retirement blows the whistle on one of America’s best kept retirement secrets. This book walks the reader through the history of pension and retirement plans, through their evolution into the 401(k)’s, IRA’s, ESOP’s, etc. that we know today, and spotlights the next stage in retirement income. The definition of “savior” is one who saves, preserves, or delivers from destruction or danger. This informative book can certainly live up to its name for many baby boomers who may not feel 100% comfortable and confident in...
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Stan The Annuity Man |
August 12, 2012 |
Annuity Basics, Index Annuities, Jeremy Smith, Member Posts, Retirement Planning
Written By: Jeremy Smith at Amerishield I just finished reading a blogged article titled “What is the Right Age to Buy an Annuity?” In this article the author hypothesized that fixed or indexed annuities need to be held for the length of the contract in order to realize the full opportunity for growth. I strenuously disagree. He also explained that in many of the policies there is a penalty for withdrawing more than the allowed amount during the contract period. In some cases this can...
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Stan The Annuity Man |
August 2, 2012 |
Annuity Basics, Member Posts, Robert Zimmerman, Your Retirement
Written By: Robert Zimmerman | H&R Advisory Service, LLC Most people are lead to believe that annuities are a purchase –same as buying a candy bar. Or an automobile! The problem is that you can immediately use your sense of touch to evaluate such a purchase. You cannot do this with a bunch of words on a piece of paper. Give up the notion of buying an annuity, and think of it in the same way as you think of having money in a checking...
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Stan The Annuity Man |
July 17, 2012 |
Annuity Basics
There are various reasons why many Americans do not have enough money saved for retirement. The volatile stock market, disappearance of pensions, and high cost of living are certainly culprits. However, these factors do not explain why 12% of women and 7% of men over age 65 live in poverty or the fact that over half of Americans report having less than $25,000 in savings and investments. An article recently published by Kimberly Palmer highlights 5 factors which further address the issues above. In order...
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Stan The Annuity Man |
July 10, 2012 |
Annuity Basics, Income For Life, Index Annuities, Jeremy Smith, Member Posts
WRITTEN BY: JEREMY SMITH, AMERISHIELD Over the last 15 years, there has been a tremendous change in the quantity and types of annuity riders you can choose during your purchase of an annuity for retirement savings. It is important that you understand how these may benefit you and the fees (if any) to you. Living Benefits Among the most common riders you must determine if you wish at the time of purchase is an Income Rider. There are many different names for these yet they...
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Stan The Annuity Man |
June 28, 2012 |
Annuity Basics, Retirement Planning
A new study published by LIMRA shows that 55% of advisors believe that annuities should be included in their clients’ portfolios when they have less than $500,000 in investable assets. Given this retirement amount needs to address their clients’ needs for the remainder of their lives, the greatest risk to these clients is outliving their assets. Statistically, they simply do not have enough cushion to self-insure against longevity risk. Also, this study found that 42% of advisors with high-end clients say that guaranteed income products...
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Stan The Annuity Man |
June 14, 2012 |
Annuity Basics
Financial advisors topped the list of trusted professionals in a recent survey published by John Hancock Financial. The survey was conducted by an independent research firm, Mathew Greenwald & Associates, who polled over 1,000 investors with household income of at least $100,000 and investible assets of at least $200,000 this April. The results showed that financial advisors had the highest top score of “trust strongly” among a list of professionals including primary doctors, accountants, contractors/handymen, bosses, and real estate agents. Financial advisors received the “trust...
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