![Jerry Rogers]()
Jerry Rogers |
January 14, 2014 |
Annuity Beneficiaries, Annuity123, Jerry Rogers, Member Posts
One great advantage of owning an annuity is the ability to, upon your death, have your money flow to your beneficiaries without having to go through probate. Beneficiary designations take precedent over wills. If you do not name a beneficiary your money flows to your estate. This may tie it up for an extended period of time and will subject it to court fees. On the other hand, an insurance company will distribute the balance of an annuity within a matter of a few weeks...
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![Carl Ostenson]()
Carl Ostenson |
January 10, 2014 |
Annuity Basics, Annuity123, Carl Ostenson, Fixed Annuities, Index Annuities, Member Posts
Question: What happens at the end of my annuity? Answer: Usually people that ask me this question are typically talking about either a fixed rate annuity or an indexed annuity. So I’ll answer the question with those in mind (ie. a 5 year fixed annuity or a 10 year indexed annuity). So let’s look at each type separately: Note: You will see that the big difference between the two types is Option #1. With indexed annuities you can usually stay with them as long as...
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![Pat Kerfoot]()
Pat Kerfoot |
January 9, 2014 |
Annuity Basics, Annuity123, Income For Life
“Doc” was a friend of my father. He had been a P-51 pilot serving in Europe during the Second World War. One day I asked “Doc” what his greatest worry had been as a pilot. He looked off in the distance and then sighed: “Son, you never want to run out of runway!” “Doc’s” words have come back to me many times over the years; especially when talking to clients about their retirement planning! How many time I have met with retirees and pre-retirees who...
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![Howard Hafetz]()
Howard Hafetz |
January 8, 2014 |
Annuity123, Fixed Annuities, Howard Hafetz, Index Annuities, Member Posts
I thought that would get your attention! Does anyone really believe that I, or anyone else, can predict the future? Then why is it that so many people believe the so-called experts that call for certain stocks or interest rates to move in the direction they “predict”. Isn’t it obvious to everyone that if any of these charlatans actually knew what any equity would do in the future that the last thing they would do is tell the world? Markets, by definition, have buyers and...
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![John P. Grimes]()
John P. Grimes |
January 7, 2014 |
Annuity Basics, Annuity123, Index Annuities, John Grimes, Member Posts
The short answer is; I don’t know… but I wish I did! Before you give up on me and keep searching, hear me out. If I knew with certainty the answer to that question, I would devote 100% of my energy and money to playing the stock market because I would know the direction and amount of volatility to expect in the future. Of course that’s not possible so we have to make our decision based on what we do know. Let’s take a step...
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![Richard Ericson]()
Richard Ericson |
January 7, 2014 |
Annual Reset, Annuity Basics, Fixed Annuities, Index Annuities
Potential can be such an enticing, positive word. I’ve recruited and coached young men with potential. In my opinion, potential can also be a negative word. The young man that still has potential is not real useful in the game. Potential checks don’t cash very well at the bank. Potential returns are marketed to consumers, and consumers invest for potential all the time. Potential returns, at some point, are not real useful to you. If I could guarantee you an average rate of return of...
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![Anton Hendler]()
Anton Hendler |
January 6, 2014 |
Annuity Basics, Annuity123, Fixed Annuities, Index Annuities, Member Posts
The next time you hear that the market has averaged 7% or 10% over the last so many years; you need to be wary about who is making the claim and how they are basing their assertion. An average rate of, say, 7% is only an average of the rates of the past so many years divided by the number of years. If you were to apply the formula to your actual money, you will find quite another result if the market has been in...
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Anton Hendler |
January 6, 2014 |
Annuity Basics, Annuity123, Index Annuities, Member Posts
Creating wealth is one of the most challenging, while at the same time, one of the most rewarding endeavors one might undertake. To be certain we have the right perspective on wealth, money isn’t everything and it certainly won’t buy you happiness. However, having money (and lots of it) certainly can help make life easier while you focus on other aspects of life that bring intrinsic joy and happiness to you – separate and apart from money. With that being said, if you take a...
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![John L. Olsen]()
John L. Olsen |
January 3, 2014 |
Annuity Basics, Annuity123, Deferred Annuities, Immediate Annuities, John L. Olsen, Member Posts
In the workshops and classes I teach, I often remark that “one good thing about deferred annuities is that they get tax deferral (that the interest earned is not taxed until it is distributed in a withdrawal or surrender); one bad thing about them is that they get tax deferral”. That’s not merely a lame joke. It’s a recognition that tax advantages always come with a cost. In the case of deferred annuities, the “cost” of tax deferral is twofold: All distributions from any annuity,...
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John L. Olsen |
December 30, 2013 |
Annuity Basics, Annuity123, Member Posts
When most people hear the term Philanthropy they picture the Gates, Buffets, Rockefellers and Carnegies of the world; or maybe the person with a wing of the local hospital or the business school of the college named for them. This is true of course, but it’s not the whole picture. Every time you leave a check in the collection plate at church or send that annual donation to the Cancer Society, Heart Association or your Alma mater, you too are a Philanthropist. Most major charities...
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