John CasaSanta |
July 30, 2013 |
Annuity Basics
Question: John, I am 55 years old and have a $12,000.00 CD at the bank that is paying less than 1% a year in interest. I do not need the money until I retire at 66. Do you have any options that could provide a better interest rate? from David G. in Monroe, NC Answer: Over the last ten years banks reducing their interest rates on CDs, checking and savings accounts to less than 1% has become a common occurrence. During this time life insurance companies...
View Article
John L. Olsen |
July 30, 2013 |
Deferred Annuities, GLWB Rider, John L. Olsen, Member Posts
FACT #1: The economic benefit of payments under a Guaranteed Lifetime Withdrawal Benefit rider (GLWB) doesn’t materialize until after you’ve received your principal and all of your earned interest. Here’s an example: At your age 55, you deposit $100,000 into a deferred annuity with a GLWB rider that guarantees a “roll up” interest rate (on the “benefit base”, on which the withdrawal payments are calculated) of 7.2%, compounded for ten years (which is the same as 10% simple interest). That produces a benefit base of...
View Article
John L. Olsen |
July 29, 2013 |
Jeffrey Kiesel, Member Posts, Retirement Planning, Your Retirement
Written By: Jeffrey Kiesel in Chester Springs, PA Remind yourself verbally, especially when you are listening to the business reports with all of their expert opinions about what will happen in the next quarter or next year: “There is absolutely nobody who knows what’s going to happen in the future. Not next week, month, year or decade. If they did, why didn’t they avoid the latest economic debacle or market disaster? Or why didn’t they retire on all the money they would have made?” Later...
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 CasaSanta |
July 23, 2013 |
Retirement Planning
Question: Is it possible for me to withdraw some money from my policy? from Joanne A. in Chicago, IL Answer: YES!!! Cash value life insurance policies are excellent ways to accumulate monies. The great news is when you withdraw money from them they are considered tax free dollars. During my twenty years of assisting families and business owners, I have established many “Tax Free” Retirement Plans. By purchasing either a whole life or universal life insurance policy and contributing monies on a monthly or annual...
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
John L. Olsen |
July 19, 2013 |
Annuity Beneficiaries, Annuity Taxes, Jeffrey Kiesel, Member Posts, Miscellaneous Annuity Info
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...
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 17, 2013 |
Annuity Caps, Annuity Fees, Annuity Guys, Annuity Videos, Member Posts
Provided By: The Annuity Guys “What are your best annuity rates?” This is how about 50% of our phone calls from website visitors start out after they visited www.AnnuityRatesInstantly.com. As independent advisors, fortunately, we are able to offer our clients the best fit from dozens of companies including those with the highest rates, best caps and lowest fees. So, if you find an annuity with the best guaranteed rate, the highest cap and the lowest fee, you have found the best annuity – right? Probably not. We do not believe that one perfect annuity exists...
View Article
Stan The Annuity Man |
July 16, 2013 |
Income For Life, Index Annuities, Member Posts, Nina Avery
Written By: Nina Avery, CFP®, in Orlando, FL Annuities are a great way to safeguard your hard earned money. They also offer several options, any of which can be tailored to your individual needs with regard to immediate income, fixed rates like CDs, upside potential without market risk, guaranteed lifetime income and spousal benefits. If you are looking for safety of principal, guaranteed returns and guaranteed lifetime income; educating yourself about annuities is definitely worth your time. Here is a brief discussion of two of...
View Article
