![Mike Gann]()
Mike Gann |
July 22, 2015 |
Fixed Annuities, Index Annuities
Why do annuities that can have twice the rate of return or a bank CD or money market receive such negative press? Sadly, there are multiple reasons for this ridiculous reality. For decades, employees retiring with pension plans have had to choose their annuity pension pay-out options available to them. In many cases, the retiring employee chooses the highest monthly income option, which is a life only option. As a result, if the now retired employee passes away earlier than the mortality table average, then...
View Article
![Randy Floyd]()
Randy Floyd |
March 25, 2015 |
Annuity Basics, Fixed Annuities, Hybrid Annuities, Index Annuities, MYGA, Variable Annuities
For most people, the word “annuity” might as well be a four-letter word. When I talk about them in my practice, I find that there is a very negative connotation associated with them. Yet most people’s understanding of annuities is very limited at best. So, I wanted to take some time to explain what they are and go over some of the different kinds of annuities. I think most people will realize that they are not quite the monster they have been made out to...
View Article
![Randy Floyd]()
Randy Floyd |
February 25, 2015 |
Annuity Basics, Fixed Annuities, Income Riders, Index Annuities, Retirement Planning
This is a question I get asked a lot in my practice. However, this question is asked for many different reasons. There are several issues this question refers to, and each of them should be answered specifically in accordance with their real, underlying question. At what age should I purchase an annuity? This is a broad question, and will be answered in more detail as we work through some of the others. Generally speaking, most people under the age of 40 should not purchase an...
View Article
