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Richard Ericson |
March 3, 2014 |
Annuity Basics
What TIME is it? How much TIME do you have until you retire? When is the best TIME to retire? One of my rules is, “on TIME or sooner.” My young son has inherited this trait too. I don’t know if that is positive or negative, but it’s about TIME! The simple definition of time: The regulation of occurrence, pace, or coordination to achieve a desired effect, as in music, the theater, athletics, or mechanics. Think about common references to time regarding your investments. When...
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Richard Ericson |
February 13, 2014 |
Index Annuities
You don’t get what you don’t ask for! The other way to say the exact same thing is, “You get what you ask for.” Recently, my freshman daughter was trying out for the high school volleyball team. In my opinion, she has the ability to be playing, or at least competing, with the junior varsity team, but she tried out for the freshman team. I told her, “If you want to play on the junior varsity team, you need to ask. What is the worst...
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Richard Ericson |
January 28, 2014 |
Index Annuities, Inflation
You know you’re getting old when you are telling your children how much things used to cost. When I was a boy, my father used to moan when gas prices hit $0.30 a gallon. We sold our boat when gas prices skyrocketed to $0.40 a gallon. In 1980, a Porsche 911 cost $32,000. Today, the similar Porsche runs $151,000, which is a 371% increase! At that rate, in another 25 years, that same car will run $600,000. Various driving conditions call for different tools, and...
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Richard Ericson |
January 7, 2014 |
Annual Reset, Annuity Basics, Fixed Annuities, Index Annuities
Potential can be such an enticing, positive word. I’ve recruited and coached young men with potential. In my opinion, potential can also be a negative word. The young man that still has potential is not real useful in the game. Potential checks don’t cash very well at the bank. Potential returns are marketed to consumers, and consumers invest for potential all the time. Potential returns, at some point, are not real useful to you. If I could guarantee you an average rate of return of...
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