Anton Hendler |
May 28, 2014 |
Income Riders, Index Annuities
As with so many annuity and other retirement decisions the answer is, “that depends”! This is not a ‘cop out’ on our part. It depends on where you are relative to retirement, where your funds are currently invested and what your plans are going forward. There are many rider options within Fixed Index Annuities (FIAs) and most of these carry an additional fee. So before you jump into one of these options you need to answer this question “do I need this?” The Income rider...
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Keith L. Collins |
March 11, 2014 |
Annuity Fees, Fixed Annuities, Income Riders, Index Annuities
A Fixed Indexed Annuity (FIA) is a retirement savings tool that complements other pension plans like 401(k)s, social security benefits, and individual retirement accounts (IRAs). Many insurance and indexed annuity companies that offer FIAs have come up with an annuity product feature that offers guaranteed lifetime payments to your account. This feature is called a Guaranteed Lifetime Income Rider (GLIR). Once you procure this annuity, you can receive guaranteed regular monthly income for the rest of your life. What is a Guaranteed Lifetime Income Rider?...
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Carl Ostenson |
February 25, 2014 |
Carl Ostenson, Income Riders, Index Annuities
Do you want to put aside a portion of your retirement savings so it will guarantee you income when you retire? Here’s my Top 5 reasons why using an indexed annuity with an income rider could be a good solution: 1) LOCK IN THE LAST 5 YEARS OF GAINS: Since the market bottom in March of 2009 the SP 500 Index is up 165% without any real major correction. (As of 2/24/14) You are also 5 years older now and have less time to recover...
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John P. Grimes |
January 15, 2014 |
Annuity Basics, Annuity123, Income Riders, Index Annuities, John Grimes, Member Posts
We’ve all heard the expression ‘have your cake and eat it too’. It’s a pretty simple dilemma; if you have your cake and eat it… then it’s gone. If you don’t eat the cake, you still have it but don’t get to enjoy it. Wouldn’t it be nice to have it both ways? It’s like being rewarded without taking any risk or getting something nice without having to pay for it. So you’ve done some research about fixed indexed annuities and you find there are...
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Howard Hafetz |
December 13, 2013 |
Annuity Basics, Howard Hafetz, Income Riders, Member Posts, Miscellaneous Annuity Info
There is a lot of marketing done that references various “returns”. Much of it is misleading at best and flat out incorrect at worst. Let’s try to make sense to all the rhetoric. Marketing, typically, is designed to generate interest in people that may be in the market for a product or service. It should capture interest by emphasizing the best attributes of the product or service. But, I am sure most would agree that, in many cases, it goes way beyond that. Have you...
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Richard Ericson |
December 9, 2013 |
Annuity Basics, Annuity Bonuses, Annuity Caps, Fixed Annuities, Income Riders, Index Annuities, Member Posts
Which equity indexed annuity is the best? Which annuity is the best for you? Often individuals become overwhelmed by the amount of choices available when learning about, and selecting the best annuity for their purpose. I believe those who are over 50 should have a majority of their retirement assets in safe, protected and guaranteed retirement planning vehicles. The key investment piece is the Equity Index Annuity. Equity Index Annuities may be referred to as fixed index, index, or hybrid. Equity index annuities are NOT...
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John P. Grimes |
December 4, 2013 |
Income Riders, John Grimes, Member Posts
Not sure what the 60/40/4 rule is? My guess is you probably do know. If you’ve worked with a financial advisor to help you plan for retirement or read any number of financial publications or googled ‘retirement strategies’ then you’ve seen some form of this rule of thumb for a secure stream of retirement income. Basically, if you have 60% of your retirement funds in stocks, 40% in Bonds and withdraw 4% per year then historically your retirement nest egg should last as long as...
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Howard Hafetz |
December 3, 2013 |
Fixed Annuities, Howard Hafetz, Income Riders, Index Annuities, Member Posts
In regard to “GUARANTEED INCOME RIDERS”*, the explanations of how they work fall into the “Goldilocks Syndrome”. In some cases, not nearly enough information, in others, much too much! Some authors feel the need to explain “actuarial reasoning”, others, do what typically inexperienced advisors do, “tell clients what they want to hear”. Too hot, too cold….. not “just right”! I am going to try to do just that, tell it like “Goldilocks” would! The reason these riders were created was to enable clients to have...
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Rob Brinkman |
November 4, 2013 |
Annuity Basics, Income Riders, Index Annuities, Rob Brinkman, Variable Annuities
One of the most popular new benefits of both variable and fixed indexed annuities is setting guaranteed income amounts with the use of Income Riders. Many of these riders offer contractual guaranteed income benefits of 6%, 7%, 8%, and even 10% in some instances. Sadly, the majority of consumers either have not understood (or were misled) how these income riders actually work. These riders, when sold correctly for the ideal client, are one of the most powerful retirement benefits in the country. However, if you...
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Stan The Annuity Man |
August 22, 2013 |
Ask Stan The Annuity Man, Deferred Annuities, Income Riders, Index Annuities, Member Posts, Variable Annuities
Question: Is there a way to buy an income rider without having to buy an annuity? from Steve in Houston, TX Answer: This is one of the most forward thinking and insightful questions I’ve ever received. You Steve, are a visionary my friend. Currently, there are a select few companies working on income riders that are “non-annuity”, with more coming in the near future in my opinion. People want guarantees and benefits that annuities provide, but in many cases, they don’t want to tie their...
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