Benefits of Annuities

Why It’s Great To Be Retired Around The Holidays

It’s great to have free time after retirement. You now have the time to pursue all of the things that you were able to give enough time to because you had to work. It’s also likely you don’t have the responsibilities of raising a family like you did earlier in your life. Now you can… Read more »

Boomers Mistake with Annuities

More than 10,000 baby boomers are retiring every day, and that pace is not likely to slow down for the next decade or more as those born between 1946 and 1964 exit the workplace. Unlike their parents, many boomers (especially the younger members of this large generation) do not have a company pension to see them through their golden years,… Read more »

Why Do People Buy Annuities?

There are many practical reasons why it makes sense to buy an annuity: tax deferred savings, peace of mind for retirement, responsible planning and many others. But the No. 1 reason, according to a 2013 Gallup poll, was that it represents a “safe purchase.” More than 90 percent of respondents indicated this was very or… Read more »

Who Buys Annuities?

Annuities are most associated with retirement-age planning, as it fits best with the advantages offered by the product. But annuities can also help younger families achieve goals such as setting aside money for college as well. The majority of individual annuity owners purchased their first annuity before age 65 (86 percent), including 47 percent who… Read more »

How Do I Know an Annuity is Right for Me?

So you’ve done your homework, crunched the numbers, and decided to examine the annuity option closely. Congratulations! Now you are probably wondering which annuity makes sense for your retirement portfolio. As you might expect, that depends on a variety of factors. First of all, your portfolio should be diversified with a mix of IRA holdings.… Read more »

Top 5 Reasons to Own an Annuity

People can use many different strategies to finance retirement – each offering different strengths and weaknesses. Annuities are an underrated choice with plenty of versatility. But the products can be complex and vulnerable to attacks by critics. But many respected financial professionals agree annuities should be a part of responsible retirement planning. “If it’s used… Read more »

What You Need to Know Before Buying an Annuity

So you’ve heard about annuities and you’re curious. Maybe you heard that you can get income for life that you can’t outlive. Maybe your aunt or grandfather swore by his or her annuity. Maybe you just want to explore all the options before making a retirement plan. Making a decision to buy an annuity, or… Read more »

8 Questions to Ask About an Annuity

Before buying an annuity, you need to do some homework. Let’s assume you know a few basic things that attracted you to annuity products: annuities require a lump sum payment, but will give you a guaranteed income. Also, annuities are a safe-money alternative to the ups and downs of the stock market. In short, annuities… Read more »

Are Women More Likely to Use Annuity Plans?

Women outlive men. Always have and probably always will. As gender roles continue to change and more women are either the main breadwinner, or heading up single-parent families, women are as much involved in financial planning as men. When you consider the data showing that women earn less than men for doing comparable work, it’s… Read more »

Babe Ruth Homers with Annuities

Babe Ruth retired amid the economic devastation wreaked by the Great Depression, but he had a secret weapon that allowed him to continue living a life of luxury until he died. The Babe had annuities, sold to him a few years into his career by an opposing ballplayer. And the guaranteed yearly payout guaranteed the… Read more »