Stan The Annuity Man |
April 18, 2013 |
Ask Stan The Annuity Man, Income For Life, Member Posts
Question: Stan, what are the best ways to get a lifetime income stream from an annuity? Larry from Maryland Answer: Good question Larry. Annuities are pure transfer of risk strategies, and the only product that guarantees income for life regardless of how long you live. There are really 2 ways to solve for lifetime income using annuities, Income Now or Income Later. You either need income to start immediately or sometime down the road. Let’s look at the best ways to achieve both. Income Now...
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Stan The Annuity Man |
April 9, 2013 |
Member Posts, Nina Avery, Retirement Planning, Your Retirement
Written By: Nina Avery, CFP ® | Avery Safe Money Solutions Einstein called compounding interest the eighth wonder of the world – if you are earning it. If you are paying it, it can quickly become a nightmare. Heard of the rule of 72? It is a basic calculation that lets you know approximately how long it will take to double your principal based on the interest rate being applied. If you are earning – it’s AWESOME. If you are paying – it’s SCARY. Let’s...
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Stan The Annuity Man |
April 7, 2013 |
401k and IRA Blogs, Barry Goldwater, Income For Life, Member Posts, Retirement Planning
Written By: Barry Goldwater | Goldwater Financial Group It use to be that you got a job with a U.S. company, worked for that company most of your life and then retired with a company pension and social security. This double annuity income was usually enough for a comfortable retirement. Then in the 1970’s companies started shifting retirement planning responsibility to the employee in the form of 401k plans, IRA’s, profit sharing plans. The company defined benefit plans, conservative annuity payouts which were usually comprised...
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Stan The Annuity Man |
April 4, 2013 |
Index Annuities, Member Posts, Nina Avery
Written By: Nina Avery, CFP ® | Avery Safe Money Solutions Sound overly dramatic? Maybe not, if your retirement is overly reliant on market driven investments like a 401-k. It’s not like the old days when companies handled the risk and responsibility of generating a lifetime retirement income by providing pensions for their employees. Those days are pretty much gone. The risk and responsibility for your retirement falls directly and completely on you and a market crash could indeed destroy or greatly disable your financial...
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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...
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Stan The Annuity Man |
March 25, 2013 |
Cal Burgess, Indexed Universal Life, Member Posts
Written By: Cal Burgess | Retirement Servicing Group There are a plethora of options out there in regards to college education, so when it comes time to pick the best option for your loved one, it’s important to make sure all of your bases are covered. Unfortunately, many college plans today fail to deliver the anticipated results for a couple of reasons: volatility or change. Since there is very little certainty in life, it is crucial to use a flexible college-planning tool that allows you...
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Stan The Annuity Man |
March 25, 2013 |
Member Posts, Robert Zimmerman
Written By: Robert Zimmerman | H&R Advisory Service, LLC Anyone over the age of 50 can recall the movie – FEAR STRIKES OUT. It is based on the life story of Jimmy Piersall, a major league baseball player who struggled to overcome a fear ridden life that inhibited his ability to continue as a major league player. For many in their retirement years, there are a number of fears that impact their quality of life. Some of the fears are: “What if I outlive my...
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Stan The Annuity Man |
March 25, 2013 |
Cathy DeWitt Dunn, Member Posts, Retirement Planning
Written By: Cathy DeWitt Dunn | President of Annuity Watch USA Divorce can have dire consequences for women and their retirements if proper care is not taken. During years of marriage, many women have focused on raising a family…instead of focusing on building personal wealth. If you’ve spent your life taking care of family while your spouse earned all or the majority of the income, here’s something you need to know – QDRO. A QDRO is a “Qualified Domestic Relations Order,” which provides a legal...
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Stan The Annuity Man |
March 21, 2013 |
Cal Burgess, Member Posts, The United States Economy
Written By: Cal Burgess | Retirement Servicing Group Just recently, the Federal Reserve System announced that first-quarter losses from the United States Postal Service stood at 1.8 billion dollars. At this rate, the USPS is on track to cost American taxpayers over $7.2 billion by the end of the fourth quarter. To put this into perspective, this amount is equivalent to a $20 million dollar loss per day, with no hope of any profit for quite some time, if at all. At first glance this...
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