Keith L. Collins |
March 11, 2014 |
Annuity Fees, Fixed Annuities, Income Riders, Index Annuities
A Fixed Indexed Annuity (FIA) is a retirement savings tool that complements other pension plans like 401(k)s, social security benefits, and individual retirement accounts (IRAs). Many insurance and indexed annuity companies that offer FIAs have come up with an annuity product feature that offers guaranteed lifetime payments to your account. This feature is called a Guaranteed Lifetime Income Rider (GLIR). Once you procure this annuity, you can receive guaranteed regular monthly income for the rest of your life. What is a Guaranteed Lifetime Income Rider?...
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Keith L. Collins |
February 11, 2014 |
Annuity Basics, Fixed Annuities, GMDB, Index Annuities, Surrender Charges
With a multitude of factors involved, indexed-annuity products can be rather complex for many people. While many specialists offer great advice, they rarely tell them about the pitfalls they can face with indexed-annuity products. That is why I intend to educate you with information about the top 5 pitfalls you may face when selecting indexed-annuity products. 1 – Investing in a Single Index As the name suggests, indexed annuity products allow you to link your account to a particular index. More often than not, many...
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Keith L. Collins |
February 3, 2014 |
Fixed Annuities, Index Annuities, Surrender Charges, Withdrawal Charges
Offering long term benefits that ensure you have a steady flow of income, indexed annuity products can be the difference, for some, between a relaxing and a stressful life. With a multitude of indexed annuity products available today, we understand that it can be difficult making the right choice. With plenty of numbers, calculations and clauses, selecting a product is rarely a simple task. However, we hope to make it simpler by offering a breakdown of the top 10 factors existent in almost any indexed...
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Keith L. Collins |
December 12, 2013 |
Annuity Basics, Annuity123, Fixed Annuities, Member Posts
For most retirees living on a fixed income, every penny counts. Unfortunately for them, every penny counts to the Internal Revenue Service too. There’s no arguing that taxes on social security are incredibly high. As a matter of fact, according to current tax law, up to 85 percent of a person’s Social Security income is taxable when their total ‘threshold income’ exceeds a set limit. What is threshold income? Threshold income is the government’s formula for determining how much of a person’s Social Security is...
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