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…
8 Tips for Playing the Stock Market With Your Annuity
Let’s be honest. The future is looking more and more uncertain. And, that can definitely impact your finances—especially if you have money tied up in the stock market. If there is a silver lining, if you’re an annuity owner, you probably can rest a little easier. For example, if the stock market crashes, and you…
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