Ash Toumayants |
April 13, 2016 |
Annuities vs bonds, Bonds, financial advisor, Your Retirement
Senator Rob Portman recently revealed that about 10,000 baby boomers hit retirement each day. The typical retirement age is 65. This is the time when most retirees experience confusion. The employment that was a haven for income flow ceases. As such, investment advisors and consultants have recently found themselves answering questions regarding the best financial instruments and schemes to adopt for investment. One question many ask is — between annuity and bonds, which would be a better source of income for a baby boomer? Before...
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Mark Melkowski |
March 28, 2016 |
financial advisor, Retirement Planning, Your Retirement
When my son was 10 years old, he needed heart surgery. We understood the risks to his health and the dangers associated with the procedure. So, we decided to look for a second opinion. Luckily, our doctor was very helpful and referred us to a doctor well versed in these types of surgeries. For some reason, few of us ask for second opinions on our financial situations. Most of the time, this occurs because we are friends with our financial advisor and/or we don’t want...
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Steve Feeken |
March 18, 2016 |
diversified portfolio, Income For Life, Index Annuities
The common rule of thumb many advisors use, for determining the adequate amount of income to withdraw from your retirement savings, is known as the 4% rule. It simply states that if you withdraw 4% income per year from a diversified portfolio and adjust periodically for inflation, you should have enough income to last your lifetime. This theory claims that market growth should outpace the income withdrawn and also offset periods of market decline to sustain your portfolio. Becoming popular in the early 1990s as...
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Dolph Janis |
March 8, 2016 |
Income For Life, Retirement Planning, Your Retirement
Have you ever awoken at night and started worrying about running out of money when you’re in or entering retirement? Does the fear of losing what you have saved for retirement due to changing markets concern you? If so, you’re not alone. A large number of baby boomers have this feeling on a daily basis. I have been working with clients for over 11 years, and these concerns are brought up in just about every meeting or conversation I have with clients. When looking at...
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Brian Jones |
February 26, 2016 |
Fixed Annuities, Income For Life, Income Riders, Retirement Planning, Social Security, Your Retirement
For most of us, it’s very important to have an income or some type of cash flow during retirement, especially if you want to enjoy your retirement years. But how do you plan for this income and where does it come from? For most of us, Social Security is the first source that comes to mind. Yes, I do believe Social Security will be around in some form or fashion for most of us as one of our retirement income sources. If you are one...
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Jeremy Reif |
February 18, 2016 |
Interest Rates, Your Retirement
AXA Equitable was one of the pioneers of the Guaranteed Minimum Benefits (death or income) or Earning Enhancement benefits. During their heyday, the “Accumulator” was one of the top products available to consumers. Similar products were offered through; Hartford, Transamerica, American Scandia, Prudential, Jackson National, John Hancock, and MetLife to name a few. Of the companies listed, all have changed their current offerings for a wide variety of reasons. John Hancock left this annuity space, Hartford offered a buyout of their own and sold their...
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Bryan Bentley |
February 11, 2016 |
Annuity Basics, Annuity Caps, Fixed Annuities, Income Riders, Index Annuities, Participation Rate, Retirement Planning
So, you are considering purchasing an annuity to help protect your retirement savings or to solve a concern that may not be easily addressed with other investment vehicles. Here are a few things to consider when making a decision about buying an annuity. 1. Surrender Charge Period Expressed in terms of years, the surrender charge defines how long your money must remain in the annuity before you have unrestricted access to it. With most annuities, a portion of your money is available penalty-free during the...
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Gary Scheer |
December 15, 2015 |
Annuity Basics
If you are 55 years of age or older, chances are you regularly receive invitations to seminars and lectures on such topics as “How to Secure Your Finances in Retirement”, “How to Maximize Your Social Security Benefits”, “How to Create a Guaranteed Income for Life”, “How to Enjoy Stock Market Returns with No Downside Market Risks”, and more. Quite often, these presentations focus on the benefits of including fixed indexed annuities, also known as indexed annuities, as a “safe money” strategy for one’s retirement income...
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Gary Mattson |
December 8, 2015 |
Annuity Basics, Income For Life, Index Annuities, Retirement Planning
If you have planned for retirement, then hopefully, you’ll be ready to enjoy a lifestyle with steady income that gives you enough every month to pay for your recurring bills, along with having the funds to enjoy travel, assist grandkids with education, delve into a hobby or start a new one, or anything else on your “bucket list”. As you’re enjoying the prospects of helping grandchildren and family members learn from your financial success, tragedy happens. A loved one passes, leaving you alone and worried,...
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Tim Fitzwilliams |
December 5, 2015 |
Annuity Basics, Annuity Bonuses, Fixed Annuities, Income For Life, Income Riders, Index Annuities, Variable Annuities
As a consumer planning for the future, it’s important to understand what an annuity is, how it works, and how much income you’ll receive for the rest of your life. An annuity is a vehicle that is designed to provide income for the rest of your life. The three most common types of annuities used when planning an income include: fixed, variable and indexed. To keep things very simple: Fixed = A set interest rate. Variable = Based on the stock market and has market...
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