Annuities can be complex instruments. They can come in all shapes and forms, from immediate to deferred, from fixed to variable, from single life to joint life and everything in between. However, no matter how complex and seemingly custom-tailored, no annuity is ever perfect. That said, you can make them as good as you want by adding…
20 Retirement Mistakes You’re Making Now That Will Cost You Millions
Have you put much thought into your retirement? Unfortunately, most of us don’t. And, that could have serious repercussions if you want to actually enjoy your retirement years. Retirement mistakes are rapid. The thing is, retirement involves more than just opening a savings account and forgetting all about it. You’re also going to have to make some…
Annuities vs. ETFs—Choosing The Right Option For Your Retirement
Saving for retirement can be a tough choice. With so many different ways to invest your money and make your nest egg grow, it’s only natural that many to-be retirees tend to feel overwhelmed. That said, preparing for retirement is one of the key decisions to make early in life to ensure healthy personal finance, and…
Principal Annuities: What You Need to Know
Annuities, at their core, are simply tax-deferred investments sold by insurance companies to supplement financial security during retirement. At the same time, there are many different types of annuities that make annuities more complex. As a result, Americans may be scared of annuities when considering their financial goals. With that said, one of the most frequent questions…
10 Annuity Tips That Will Save You Thousands (An Unbiased Annuity Guide)
In what ways does an annuity benefit you? This is an important question that needs to be answered before you buy one. Besides offering a steady and guaranteed stream of income, annuities accumulate tax-deferred over time and don’t have contribution limits like 401(k)s and IRAs. Additionally, annuities offer riders that allow money to be transferred…
Everything About Annuity Fees
Hopefully, you are now a little more knowledgeable when it comes to the different types of annuities. Next up? Learning all about the fees that are associated with annuities. Regardless if you buy a variable annuity or fixed annuity, there are different fees charged on these different types of annuities. How are they determined? Well,…
Annuities: 15 Things You Must Know to Save You Time and Money
The prospect of having some sort of guaranteed retirement income is particularly attractive in today’s uncertain financial climate. The threat of stock market volatility or outliving your savings is less of a worry if you know you’ll be receiving a check every month for the rest of your life. Wait, won’t you have Social Security?…
Types of Annuities and How They Work
The other day I was craving tacos. The hunger was fierce. So, I decided to head to my favorite Mexican restaurant to satisfy my appetite. Usually, I choose between either coconut shrimp or carnitas. But, on this particular day, I wanted to try something different. But, I quickly became overwhelmed by the possibilities. Granted, this…
Understanding Annuities and Taxes: Mistakes People Make
When it comes to taxes, we all have to pay the piper. In this case, the piper is Uncle Sam. So, even though you’ve seemingly already paid your fair share, your taxes aren’t going to necessarily be any lower in retirement. And, this also applies to annuity owners. Annuity Taxation 101 Annuities are taxed by…
5 Types of Annuities
Annuities may seem complex. In reality, they’re very straightforward—like a warm and delicious pizza. All variations of pizza contain the following basic structure; crust, sauce, cheese, and toppings. As for annuities, it’s nothing more than a contract between you and an insurance company. In exchange for premium payments, you’ll receive payments at a future date….
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