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Miscellaneous Annuity Info

Power of Compounding and Tax Deferral

Power of Compounding and Tax Deferral

Written By: Clif Albino in New Berlin, WI Let’s say you have two uncles. One is Jarvis who just passed away and left an inheritance of $100 K. The other uncle is Sam, who always demands money. A fun little math aid will show how well the money is being managed. Take 72 and divide by the interest rate. That shows the number of years for the money to double. It is not perfect but it is close. At 8%, money doubles every 9 years....

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Should I Be Concerned That A Hedge Fund Owns An Annuity Company?

Stan The Annuity Man

Question: Should I be concerned that a hedge fund owns an annuity company?  My local agent is recommending an annuity that is owned by a hedge fund, and he says that it’s a good thing.  What do you think?  from Peter in Salt Lake City, Utah Answer: That’s a very good and extremely timely question Peter.  In the past 2 years, almost 30% of all indexed annuity carriers have been purchased by private equity firms and hedge funds.  That’s a pretty big market share in...

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Best 10 Reasons to Own Annuities

Stan The Annuity Man

Written By: Jeffrey Kiesel in Chester Springs, PA As Baby Boomers look ahead to a retirement with life expectancies which could be the longest part of their lives, they need to have an adequate, dependable and long lasting stream of income. This means their nest eggs should provide the funds to allow them to enjoy their retirement years and to not outlive the source of their income. For this reason retirement planning is extremely important. Besides being a complicated and somewhat threatening process, it is...

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Can I Buy Annuities Without Using An Agent?

Stan The Annuity Man

Question: I am seriously considering adding an annuity to my portfolio, but after a few lackluster meetings with local agents, is there a way for me to purchase annuities direct from the annuity company?  I would like to own an annuity, but not use an agent if possible.  Dwayne from Richmond, Virginia. Answer: I am one of those “dreaded” annuity agents, but I fully understand your question and am getting versions of this request on a weekly basis.  I think people like you are getting...

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How Long Have Annuities Been Around?

Stan The Annuity Man

Question: It seems like annuities are all the rage.  How long have annuities been around?  Jimmy from Florida Answer: That is a good question with a very interesting answer Jimmy.  Ironically, my weekly annuity column on WSJ/MarketWatch kind of addresses this issue.  I encourage you to take a look. Most historians give the credit (or blame) to the Romans for introducing the world to annuities.  Below are some key historical dates that you might find interesting, with the full chronological list shown in this week’s...

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Advanced Annuity Education Website

Stan The Annuity Man

Those looking for an independent, unbiased, and reliable place on the web for advanced annuity information, annuity education, annuity quotes, and annuity rates, then you need to look no further.  Annuity Think Tank has more free annuity information than anywhere else on the web.  This website has been designed to help financial professionals and consumers perform their due diligence in gathering detailed information about specific products and topics relating to annuities and retirement income. With over 100 free annuity and retirement white papers and reports,...

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How Do Annuity Commissions Get Paid To The Agent?

Stan The Annuity Man

The “Ask Stan The Annuity Man” educational series is provided by a nationally recognized annuity critic and annuity consumer advocate.  Stan The Annuity Man has over 25 years of experience in the financial services industry, and is the author of the highly acclaimed book, The Annuity Stanifesto. Question: I’m talking to a lot of annuity agents, and can’t get a consistent answer on how they get paid.  I know that they do, so how do annuity commissions work?  Joe from Texas Answer: Good job for...

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Jackson National Led Industry in Annuity Sales Last Quarter

Stan The Annuity Man

Jackson National was the leader in overall annuity production in the third quarter of 2012 with $17.3 billion of sales. Prudential and MetLife came in at numbers two and three with $16.7 billion and $15.5 billion respectively.  Although overall annuity production was down in quarter three, fixed indexed annuities continued to show increased demand with increasing sales. Free Annuity Help | Find a Retirement Income Specialist    

Survey Results: Annuities Considered Critical to Retirement Strategy by Investors in 2012

Stan The Annuity Man

A recent survey has shown that a much greater percentage of investors consider annuities to be a critical part of a retirement strategy in 2012 compared to the same survey in 2011. This survey is titled “The Evolution of the Annuity Industry”, and it was produced by Cogent Research and Insured Retirement Institute with a core goal to examine the opinions and preferences of annuity producers and investors. In this most recent survey, 73% of the annuity owners stated that they are more likely than...

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