Why Annuities Are Suitable For IRA Accounts |
August 7, 2013 |
Annuities in IRAs, Fixed Annuities, Index Annuities, Member Posts
By Marvin Hurwitz in Baltimore, MD Ever since I started as a financial services and retirement advisor in the early 1980s, I have read numerous reports and heard from many so-called experts and financial planners that tax-deferred annuities should not be the source of funding IRA accounts. The reason for not using annuities in IRAs is that vehicles such as annuities and tax-free bonds are already tax-advantaged. So why take an investment that is either free of taxes (municipal bonds) or tax-deferred (annuities) and use...
View Article
Stan The Annuity Man |
July 31, 2013 |
Allen Trimble, Fixed Annuities, Income Riders, Index Annuities, Member Posts, Variable Annuities
Written By: Allen Trimble in San Antonio, TX Annuities are often touted by insurance agents as the “be all, end all” investment. Want to grow your money? Great! You can invest in the stock and bond markets or even various alternative asset classes, through variable annuities, if you are willing to take risks for higher potential growth. Don’t want to risk losing money in the markets, but not happy with CD rates? No problem. You can generally earn higher interest in a fixed-rate annuity, plus...
View Article
Stan The Annuity Man |
July 25, 2013 |
Ask Stan The Annuity Man, Fixed Annuities, Index Annuities, Member Posts, Variable Annuities
Question: Should I consider an annuity for pure market growth? Can I get all of the upside with no downside like I hear on local radio ads? Mary from San Diego, CA. Answer: Mary, this is a home run when it comes to questions! A common myth that is promoted by too many annuity agents is that annuities are growth products. Let me say, unequivocally, that they are not! Annuities should never be considered for pure market growth. By the way, most agents will violently...
View Article
John L. Olsen |
July 22, 2013 |
Deferred Annuities, Fixed Annuities, Immediate Annuities, Index Annuities, John L. Olsen, Member Posts
One of the difficulties in working with annuities is the persistent mythology connected with them. Much of the “conventional wisdom” regarding these contracts is not “wise” at all, but is often mistaken, confused, or downright wrong. Here are five of my favorite “myths”: 1) “Annuities are…” Any sentence that starts this way will be misleading at best. Why? Because all annuities are not the same. Indeed, a true statement about deferred annuities is likely to be partly or wholly untrue when applied to immediate annuities,...
View Article
Stan The Annuity Man |
July 18, 2013 |
Annuity Fees, Ask Stan The Annuity Man, Deferred Annuities, Fixed Annuities, Immediate Annuities, Index Annuities, Longevity Annuities, Member Posts, SPIA, Surrender Charges, Variable Annuities
Question: Can I buy annuities with no fees or surrender charges? Are there no load annuities like no load mutual funds? Ron in Roanoke, Virginia. Answer: Phenomenal question Ron! The annuity industry is very late to the party when it comes to “no load” type offerings that are common in the mutual fund industry. No load can mean a few things. It can refer to no fees for buying a strategy, no fees to keep the strategy, and no fees to sell the strategy. Let’s...
View Article
Stan The Annuity Man |
July 11, 2013 |
Annuity Definition, Ask Stan The Annuity Man, Longevity Annuities, Member Posts
Question: What is a longevity annuity? Is this something new? – Ben from Dallas, Texas Answer: Thanks for the question Ben, and this is a product that I recommend a lot to my clients. The longevity annuity was actually introduced to the market about 7 years ago. It has also been called a “Deferred Income Annuity” and also a “Deferred Immediate Annuity.” Confused?….don’t be because its strategy is easy to understand, which is a primary reason for its growing popularity with consumers. First of all,...
View Article
Stan The Annuity Man |
June 5, 2013 |
Fixed Annuities, Member Posts, Retirement Planning, Variable Annuities
Written By: Bruce Hearon | Hearon Advisory Group As a Florida-registered investment advisor and insurance agent for the past twenty years, I have been asked this question countless times…what’s the difference between a fixed and variable annuity? My answer is consistently the same…there’s a huge difference between the two! Although both are contracts held with an insurance company, have the word “annuity,” and have the same tax advantages, they are quite different. In a variable annuity you decide the investment strategy by placing your funds...
View Article
Stan The Annuity Man |
March 26, 2013 |
Fixed Annuities, Income For Life, Index Annuities, Member Posts, Retirement Planning
Written by: Charles Garber | Garber Financial Services People approaching or at the actual stage of retirement, have several concerns that we need to address. Concerns that cannot be dismissed and must be resolved for their peace of mind. These concerns are as follows: 1) Not having enough income for the rest of their life 2) Inflation 3) Stock Market Volatility and Losses 4) Unexpected Bills 5) Health and Long-Term Confinement At first glance, each one of these concerns requires 3-4 different types of financial...
View Article
Stan The Annuity Man |
March 4, 2013 |
Fixed Annuities, Member Posts
Written by Leonard Ohanian L.U.T.C.F In today’s world, one of the most important things to know and understand is why. The following are the top 10 reasons why it is important for many retirees and pre retirees to purchase fixed annuities 1-Tax Deferred Growth: The interest earned is not taxed until it is touched. Your funds grow Tax deferred 2- Safety: Fixed Annuities are free from the risk of loss and the volatility of the stock market. They can be a guaranteed and safe investment...
View Article
