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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Carl Ostenson |
February 7, 2014 |
Annuity Beneficiaries, Carl Ostenson
Do you have children or grandchildren that aren’t really good with money? You know the type, the ones who as kids, had their allowance spent before it was even in their pocket and now they have $20,000 in credit card debt and spend money even faster than a drunken sailor. Or maybe you have a child or grandchild who is struggling with drugs or gambling and a big lump sum of money would only make things worse. Or maybe you don’t really like your daughter’s...
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Carl Ostenson |
January 24, 2014 |
Annuity Basics, Carl Ostenson, Member Posts
That’s a great question people ask themselves all the time. What I’d like to do it re-phrase it into a question that I think gets to the core of the matter with a little more clarity. “Will your Social Security and/or Pension be enough retirement income to pay your bills and have a little fun… OR… will you need more income than that? Because, if Social Security and/or your pension is enough income, then you don’t really have to worry about how much money you...
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Carl Ostenson |
January 10, 2014 |
Annuity Basics, Annuity123, Carl Ostenson, Fixed Annuities, Index Annuities, Member Posts
Question: What happens at the end of my annuity? Answer: Usually people that ask me this question are typically talking about either a fixed rate annuity or an indexed annuity. So I’ll answer the question with those in mind (ie. a 5 year fixed annuity or a 10 year indexed annuity). So let’s look at each type separately: Note: You will see that the big difference between the two types is Option #1. With indexed annuities you can usually stay with them as long as...
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Carl Ostenson |
December 23, 2013 |
Annuity Basics, Annuity123, Carl Ostenson, Member Posts
Here’s a question I have been getting more and more lately. With the bulk of Americans retirement money in qualified plans such as 401ks and IRAs, it makes sense. So let’s go through this bit-by-bit and give you some examples: When you turn 70 ½ Uncle Sam and his buddy the IRS will force you to start taking money out of your IRA or 401k regardless if you want to or not. It’s called the Required Minimum Distribution. You can read a table for calculating...
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