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Variable Annuities
2008-05-26 01:00:00 (http://www.money-zine.com/Cate-gory/Retirement/)A variable annuity is a contract with an insurance company in which the insurer promises to make a series of payments to the contract holder. And unlike a fixed annuity that guarantees a series of fixed dollar payments, the value of a variable annuity will depend on the performance of the investments chosen.
Fixed Annuities
2008-05-12 01:00:00 (http://www.money-zine.com/Cate-gory/Retirement/)A fixed annuity is an insurance contract in which the issuing company promises to make fixed dollar payments to the contract holder, the annuitant, for a pre-determined length of time. In return for payment of the contract premium, the issuing company also guarantees both the earnings on the account and the principal balance.
Clarification of Annuity IQ?s View onEquity Index Annuities
2008-05-04 07:35:00 Do to the reaction from our comments on the Dateline NBC story, “Tricks of The Trade”, where they performed an expose of equity index annuity sales we feel that our position needs to be clarified. While Annuity IQ likes annuities, immediate, traditional fixed and specifically variable annuities we do feel that equity index annuities have little place for most investors. Below we will further explain our position. Surrender Schedule: While the annuity surrender schedule needs to be taken into consideration it must not be the only litmus test for any investment. if the surrender schedule fits the needs of the investor then it is a non-issue. However, some contracts should not be available to older, say above the age of 70, for some clients, specifically surrender schedules that surpass 10 years. While there is liquidity for most annuity products while they are in the surrender period we feel that contracts that have surrender schedules longer than 10 years is a bit excess...
Tricks of the Trade - Equity Indexed Annuities
2008-04-13 22:55:00 The TV remote passed by NBC Dateline on the way to ESPN this evening (arggh, Denver won, Warriors slim chance for playoffs...) and caught my attention with coverage on how sales people are trained to sell equity indexed annuities. I know mortgage brokers who have gotten insurance licenses to sell these products. The MO is to do a cashout refi and then invest the cash into these long term annuities. The mortgage brokers make money on the refi and the annuity commissions. Dateline's Chris Hansen investigates the questionable sales techniques. The most interesting marketing tricks are paying for credible celebrity status. For $2,500, a firm offers to place the deceptive agent's name as the author of a book called Alligator Proofing your Estate. Another service offered by Annuity University (now a defunct site) provides a faux radio interview that agents provide as CDs to their clients in order to establish credibility.
The Real Scoop on Annuities - Part One
2008-04-04 07:00:00 Insurance companies have always been major financial institutions, and they could probably have claimed possession of the largest and safest investment portfolios on the planet. At one time, their role vis-a-vis Wall Street was clearly that of a giant customer for the securities that the investment banks and securities firms brought to market. Their real ...
By: Resources zone
The Risk of Owning Annuities
2008-03-20 02:12:00 I?m not sure what you know about annuities, but I will tell you that a lot of insurance agents and registered representatives don?t know as much about the products they sell as they should.You might wonder how that can be, but if you truly knew the number of annuity products currently being offered by hundreds of companies it wouldn?t be hard to fathom.The other thing that makes annuities rather intimidating is that since each company?s products have different features and crediting methods they can rarely be compared side by side with much consistency.The popularity of one over another can actually be the strength of the company offering it and how effectively they market it. Some companies set themselves apart by being truly innovative and others simply get a product out there to have something to offer along with other products.Some agents are very knowledgeable and know their products inside out. They keep up on changes and take advantage of training seminars and company experts...
Annuities Could Be Your Best Investment, Or Your Worst - Don’t Make A
2008-02-27 16:27:00 Most retirees or those about to enter retirement have at least one (if not all) of the following concerns: Protecting their savings Creating and protecting their retirement income stream, and Protecting their heirs. Roll these concerns all up together and we see that the underlying issue is risk management. Invested properly, annuities can be a significant anecdote to these problems, especially for retirees. An annuity is an investment designed for retirement. It is a written contract between you and an insurance company. The contract allows you to potentially accumulate funds and then provide lifetime income payments. Fixed, Immediate, or Variable: Which Annuity is right for you? There are two main categories of annuities immediate and deferred. Within each of these there are two sub-categories, fixed and variable. Fixed Annuity: With a fixed annuity, you invest your capital with an insurance company which promises to pay you interest and return your capital at an agreed upon futur...
By: Insurance Blog
Flexible annuities scheme to start in 2013
2008-02-13 06:06:00 Summary: 1. CPF Life annuity starts at default age 80, and gives only fixed payout (without inflation increase). You can start at age 65 earliest. Once timeframe is fixed it cannot be changed. 2. Govt accepts proposals for lifetime retirement income 3. Workers aged 50 and below to be covered 4. NTUC INCOME gives increasing payout (with inflation included) and starts as early as age 60-62. Full details: WORKERS aged 50 and below are set to get a steady retirement income for life under a new annuities scheme to be run by the Central Provident Fund Board. They will have 12 types of annuity plans to choose from, and can decide whether to start their payouts as early as age 65 or as late as age 90. They can also opt to give their families a refund of their annuity premiums if they die early, before they get it all back in monthly payouts. The new scheme is the result of a redesign of the old compulsory annuities plan proposed some six months ago to much public criticism. A committee w...
Tax Debt Help - Building Retirement Income With Annuities
2008-02-08 17:22:00 Building retirement income with annuities Annuities may help you provide additional retirement income by allowing you to accumulate tax-deferred savings and then receive periodic payouts for a specified period of time, beginning now or at a later date. Annuities are commonly used to supplement your monthly retirement income already received from your IRA and 401(k) plans. Common ...
Variable Annuities: What You Should Know. . .
2008-02-07 02:46:00 Variable annuities have become a part of the retirement and investment plans of many Americans. Before you buy a variable annuity, you should know some of the basics—and be prepared to ask your insurance agent, broker, financial planner, or other financial professional lots of questions about whether a variable annuity is right.
By: Asiaing.com
IRS Issues Proposed Regulations For Tax Treatment Of Private Annuities
2008-02-06 07:10:00 The Department of the Treasury and the Internal Revenue Service proposed regulations that would address the tax treatment of an exchange of property for an annuity contract. The proposed regulations would apply the same rule to exchanges for both private annuities and commercial annuities.A decades-old IRS ruling generally postpones tax on the exchange of appreciated property for a private
New Effort To Limit Annuities
2008-02-05 20:19:00 So far it’s just an idea on Capitol Hill, but if passed a Senate bill would significantly impact reverse mortgage originations. S. 2490 — the Reverse Mortgage Proceeds Protection Act — was introduced in December by Sen Claire McCaskill(D-MO). The bill would get to an issue we have repeatedly noted — the use of reverse mortgages to ultimately ... read more
How Much to Invest In Annuities for Retirement?
2008-01-27 05:12:00 There are no limits on the amount that you can invest in an annuity to ensure your comfortable retirement income. Annuities thus complement to 401(k) or an IRA,investments, which do have such limits. You can opt for a deferred or immediate annuity. In either case, how much to invest in annuities depends on 3 ...
Will splitting funds between 2 annuities lower risk?
2008-01-22 17:18:00 Q I PLAN to save $200,000 for my retirement by the age of 55. Then, I plan to use that sum to buy an annuity which I believe will offer an approximate payout of $800 per month from age 62 onwards. To me, this is a huge sum. Do you think the risk is higher if I use the money to buy an annuity from one insurer rather than splitting it into two to buy from two different insurers? A CURRENT annuity rates can provide a life annuity payout from age 62 of $1,000-plus a month for a lump sum consideration of $200,000 at age 55. Annuity rates fluctuate over time, and are typically fixed at the time of purchase, except for variable life annuity plans which generally pay a lower monthly payout in the initial years, with increasing monthly payouts depending on the performance of the insurance company’s investments. Historically, annuity rates and corresponding monthly payouts have ranged from over $2,000 (for the same $200,000 lump sum) in the early 1980s when interest rates were at hist...
Annuities for Retirees: What to Consider Before You Invest Posted By : lar
2007-12-23 10:41:00 Investments called annuities are similar to traditional Individual Retirement Accounts and employer-sponsored 401(k) plans in that your money can grow tax-deferred until you withdraw it from your account. However, annuities are complex products and are not appropriate for everyone near or in retirement. Here's an overview, including things to consider and questions to ask before you invest. That last time I used my credit card, I kicked myself. You see, I'm trying out this whole negative reinforcement thing. Anyway, the point is that we should try not to spend so much and start saving more. Maybe what's in order is a financial planning education course. Read more about finance and credit cards.
Annuities: Return of capital under study
2007-12-08 03:11:00 Panel looks into addressing concerns of S’poreans over proposed compulsory scheme SINGAPOREANS who fear they will lose the original sum they put into the impending compulsory annuities scheme could have a way out. The committee studying the scheme is considering letting people have the remainder of their capital payment returned to their families if they died before it ran out. This will effectively remove one of the biggest sticking points over the compulsory annuity. The idea is one of four suggestions emerging from the committee tasked by the Government to design a basic compulsory annuity plan. Another idea is to rename the scheme from Longevity Insurance to something more positive sounding such as Long-Life Income. Yet another suggestion is to get independent actuaries - financial experts who calculate risks and insurance rates - to verify the Government’s data on longer lifespans. The fourth idea is to let people choose when they want to start receiving their ...
Annuities: Consumer Alert: Equity Indexed Annuities
2007-12-01 00:00:00 Seniors and retirees need to be aware of the dangers of investing in an Equity Indexed Annuity. Read on to find out how to protect yourself. Millions of retirees are being duped into buying the latest high-cost, high-commission product served up by the insurance industry–Equity Indexed Annuities (EIAs). According to the Advantage Group, a St. Louis ...
Annuities central to any retirement plan : Nobel laureate
2007-11-29 17:49:00 This is a contribution from my collegeue Michelle Tan who is very kind to share this with us. She has been encouraging to me in her insurance industry and this is what she has to say: Our annuity is one of the best in the local market. With 715 market share, we cannot be wrong. Our annuity plan is participating and is eligible for an annual bonus; ph do not have to worry about rising inflation as this will be taken care The speaker did not only share his view on annuities; he has also shared some tips on retirement planning. Here are some of the important points : - annuities ought to be the centrepiece of any retirement plan - annuities pay the holder a regular income for the rest of his life after he retires - is a helpful tool, as it provides a peace of mind for the policyholders who want to MAINTAIN their standard of living when they retire - annuities are similar in structure to a defined benefit pension scheme that pays retirees a steady stream of income for life ...
Basics Of Investing In Life Annuities
2007-11-17 00:00:00 It can be extremely hard to save for retirement. It is hard to part with your hard earned money today so it can be used sometime in the distant future. It is just as difficult to save for college, purchasing a new home, and any other financial goals. For the average American, it is a ...
Immediate Annuities Risks and Benefits
2007-11-17 00:00:00 Immediate annuities were extremely popular in the past but their use has declined dramatically in the last few decades. This type of annuity is a good tool for people who would like to have a specific income over a set number of years. One risks of having a fixed income is that there are no ...
Annuities central to any retirement plan: Nobel laureate
2007-10-27 17:31:00 They can form core investment for retirees, especially if adjusted for inflation SINGAPOREANS might baulk at buying life annuities, but these ought to be the centrepiece of any retirement plan, according to Nobel laureate in Economics Robert Merton. During a visit to Singapore, the Harvard Business School professor acknowledged the sometimes poor reputation of annuities - which pay the holder a regular income for the rest of his life after he retires. Professor Merton said annuities are sometimes seen as having ‘high costs and high commissions’. But he cautioned Singaporeans not to confuse a ‘crummy version’ of an annuity with the incorrect notion that they are fundamentally flawed in concept. He said a life annuity is a helpful tool, as it provides peace of mind for policyholders who want to maintain their standard of living when they retire. Annuities are similar in structure to a defined benefit pension scheme that pays retirees a steady stream of inco...
How Annuities Are Beneficial
2007-10-15 09:18:00 Annuity is a type of contract between an individual and the insurance company to look after an individual?s savings and his investment. It manages one?s pension saving in such a way that once a person retires, there is ample amount of incoming income .It is also known as a pension plan as one of its ...
By: Insurance Blog
Annuities and Retirement - A Critical Perspective
2007-10-15 09:17:00 Vegetables are good for you. However, too much of one thing is good for nothing. Heard those clichés before? It’s funny how one statement modifies the other. Indeed, every statement has its own context. We may not immediately recognize the grey areas that exist, but they are there. That annuities are good for people is ...
By: Insurance Blog
How Annuities Are Beneficial
2007-10-10 11:19:00 Annuity is a type of contract between an individual and the insurance company to look after an individual?s savings and his investment. It manages one?s pension saving in such a way that once a person retires, there is ample amount of incoming income .It is also known as a pension plan as one of its ...
By: Insurance Blog
Fixed Annuities Work As Retirement Savings Plans
2007-10-07 06:00:00 Annuities are issued by Insurance companies as a type of investment contract. They use Insurance agents to offer these policies to investors, who pay into the annuities. (...)
Annuities: Earnings for Retirement and Beyond
2007-10-07 06:00:00 An annuity is basically a contract you make with an insurance company. You make either a single payment, or a series of payments to the insurer. (...)
Fixed Annuities Provide Retirement Income
2007-10-07 06:00:00 Insurance companies offer annuities as an investment option through Insurance agents. (...)
Oh, No Another Fee Based Advisor Hates Annuities!
2007-06-12 19:08:00 This is really no big surprise many fee based planners hate variable annuities. I think it is simply because they hate to see fees go to an insurance or investment company instead of going in their pocket. The fact of the matter is a fee based planner will charge, usually, just as much as a variable annuity. Do I care what a fee based planner charges? Nope, not in the least, I am for people making a living. What I am against is them calling the kettle black because at the end of the day they usually are even with variable annuities when it comes to fees. Oh, wait! They claim you should index your money instead. I guess I am wrong in my assumption and they are correct. The question is why in the world would you simply invest money for a client in an index fund and then charge a fee for it? In my opinion that is robbery when the client can simply go to the mutual fund company direct and invest and save the 1.5% annual fee the adviser would charge them. In another article written by a ...
Annuities May Pose Tax Woes, but The Woes Were Never Mentioned
2007-06-12 17:30:00 Today in The Cincinnati Post Bruce Williams answered a question from a concerned investor about a variable annuity. A lot of anti-broker and anti-annuity advice was given, but the readers question was not answered. The reader switched to a variable annuity from mutual funds in a 403 (b) account. Now, I am not going to argue ethics about the transfer as I do not know enough to know why this switch occurred, but I know the answer was bunk. In a nut shell the reader asked: ?Through a 403(b) plan, I had mutual funds with a balance totaling $51,000. I am 47 years old and plan to retire at 55. A financial planner advised me to switch this money to a variable annuity. I have been reading more and more about variable annuities, and I am terrified I’ve made a huge mistake that I cannot correct. Am I stuck with a poor investment that will not be good for my retirement? The emphasis was added by me because I found that portion of the question disturbing to say the least. I will address t...
Equity Index Annuities
2007-06-03 05:23:00 Now, as many of you already know I am no fan of equity index annuities as most of them are big on promise, but short on delivery. I also cannot believe I am going to utter these words, but I just got done reading an article from my favorite Mr. Burns titled; ?Equity Index Annuities Fall Short? and I agree with him. Not because it was an anti-equity index annuity, but because everything he wrote was true. In my own comparison on these products I found only one that performed well over the long term. All of the more widely sold products performed pretty badly and those popular products happen to pay the highest commission. The numbers do not lie and he used real studies to show that the average rates of return on these products are on par with traditional fixed annuities. The problem with EIA?s is the fact that they have so many moving parts and the insurance carrier can change the caps every year. This means you have no idea what your cap is going to be year over year. That is the bi...
Flat Fee Variable Annuities
2007-05-29 01:49:00 I was happy to see an article on the disadvantages of flat fee variable annuities on the WSJOnline publication yesterday. Even though it painted all annuities as being bad it did bring to light that the flat fee variable annuity is not very good. Actually, this article was strikingly similar to an article I wrote on the issue 6 months ago, found here. It also hammered home points I made about these products on the WSJ forum at the end of April. This, of course, troubled me. When you Google the term Flat Fee variable annuity or flat fee annuity my site, Annuity IQ, comes up on the first page of the results. This led me to review the information I provided on both my site and the WSJ forum. As I reviewed the information I provided and then at the information the WSJ provided, it was almost identical. What troubled me the most was the fact that since the information I provided was so close to theirs it made me wonder if they used my story as the foundation for this story. If they did t...
Shopping for insurance? Need insurance information? AnnuitiesInsurance.com
2007-05-05 20:50:00 Shopping for insurance? Need insurance information? AnnuitiesInsurance.com can help. AnnuitiesInsurance.com is a Full Service Agency Specializing in Annuities, Long Term Life Insurance - Save ’s with a Whole Life Insurance QuoteLow cost Life Insurance! Compare rates from over 20 whole life insurance companies like Abbey ...
Variable Annuities Myth #2
2007-04-26 04:57:00 The average variable annuity purchased today will have an annual ownership cost of approximately 2.35%. This figure includes the cost of the death benefit provided by the variable annuity, allows the variable annuity company to recoup the commissions it advances to the financial advisors who sell its variable annuities and enables the variable annuity issuer to compensate the professional who manage the investments held in the variable annuity. When commissions, annual taxes and fund expenses are taken into consideration, the average mutual fund will have costs that can easily approach 5 percent every year! I have kept performance records over the years and have learned that my variable annuities, due to their lower annual costs, have consistently outperformed equivalent mutual fund investments. Subscribe to the Anuity Professor Blog RSS feed to learn about Annuities and Annuity Investments.
Variable Annuities Myths
2007-04-26 04:52:00 There are many myths about investing in Variable annuities. Here is myth #1.OWNERS PAY COMMISSIONS. Unlike most mutual funds and stocks, variable annuities do not impose upfront, out-of-pocket commissions. Instead, annuity companies advance commissions to the professionals who sell their variable annuities and impose a contingent deferred sales charge. This sales charge requires the owner of the annuity to repay the annuity company any commissions it has advanced if the annuity is not held for an agreed period of time, which averages about six years. This procedure allows the variable annuity company to recoup its advanced commissions over time. On average, these sales charges start at 6 percent and drop to 1 percent over a six year period. At the end of the holding period, the CDSC expires. By keeping the variable annuities, I have purchased for the agreed holding period, I have been able to avoid paying any upfront, out-of-pocket commissions completely.
Annuities in 401 (k) Plans
2007-04-10 18:29:00 Loading... @import url("http://www.google.com/uds/-css/gsearch.css"); window._uds_nbw_donotrepair = true; @import url("http://www.google.com/uds/-solutions/newsbar/gsnewsbar.css-"); function LoadNewsBar() { var newsBar; var options = { largeResultSet : false, title : "In the news", horizontal : true, autoExecuteList : { executeList : ["annuity", "variable annuity", "index annuity", "mutual funds", "taxes"] } } newsBar = new GSnewsBar(document.getElementBy-Id("newsBar-bar"), options); } // arrange for this function to be called during body.onload // event processing GSearch.setOnLoadCallback(LoadN-ewsBar); In a recent Investmentnews.com article there was a debate about annuities in 401 (k) plans, specifically adding immediate annuities to these plans. While I generally agree that adding an income annuity to a retirement plan may not be a ba...
Alternatives to Variable Annuities
2007-04-04 18:58:00 Loading... @import url("http://www.google.com/uds/-css/gsearch.css"); window._uds_nbw_donotrepair = true; @import url("http://www.google.com/uds/-solutions/newsbar/gsnewsbar.css-"); function LoadNewsBar() { var newsBar; var options = { largeResultSet : false, title : "In the news", horizontal : true, autoExecuteList : { executeList : ["annuity", "variable annuity", "index annuity", "mutual funds", "taxes"] } } newsBar = new GSnewsBar(document.getElementBy-Id("newsBar-bar"), options); } // arrange for this function to be called during body.onload // event processing GSearch.setOnLoadCallback(LoadN-ewsBar); There was a recent article posted on thestreet.com talking about four alternatives to variable annuities. What the author failed to mention was there is no true alternative to a variable annuity and the suggestions made have totally diffe...
?The Perils of Annuities??
2007-04-02 02:29:00 Loading... @import url("http://www.google.com/uds/-css/gsearch.css"); window._uds_nbw_donotrepair = true; @import url("http://www.google.com/uds/-solutions/newsbar/gsnewsbar.css-"); function LoadNewsBar() { var newsBar; var options = { largeResultSet : false, title : "In the news", horizontal : true, autoExecuteList : { executeList : ["annuity", "variable annuity", "index annuity", "mutual funds", "taxes"] } } newsBar = new GSnewsBar(document.getElementBy-Id("newsBar-bar"), options); } // arrange for this function to be called during body.onload // event processing GSearch.setOnLoadCallback(LoadN-ewsBar); The anti-annuity bias is alive and well in the press and by many financial writers. I watch for Annuity news everyday so I can point out irregularities and flat outright misinformation being told about these products. I do this because, f...
New Legislation Could Mean Boom for Annuities
2007-03-30 16:54:00 Loading... @import url("http://www.google.com/uds/-css/gsearch.css"); window._uds_nbw_donotrepair = true; @import url("http://www.google.com/uds/-solutions/newsbar/gsnewsbar.css-"); function LoadNewsBar() { var newsBar; var options = { largeResultSet : false, title : "In the news", horizontal : true, autoExecuteList : { executeList : ["annuity", "variable annuity", "index annuity", "mutual funds", "taxes"] } } newsBar = new GSnewsBar(document.getElementBy-Id("newsBar-bar"), options); } // arrange for this function to be called during body.onload // event processing GSearch.setOnLoadCallback(LoadN-ewsBar); There is legislation that is being introduced called The Retirement Security for Life Act of 2007. Basically, the proposal would allow for a portion of income, up to $20,000 a year derived from an annuity that offers a lifetime income gua...
Variable Annuities Are Dead!
2007-03-29 17:38:00 Loading... @import url("http://www.google.com/uds/-css/gsearch.css"); window._uds_nbw_donotrepair = true; @import url("http://www.google.com/uds/-solutions/newsbar/gsnewsbar.css-"); function LoadNewsBar() { var newsBar; var options = { largeResultSet : false, title : "In the news", horizontal : true, autoExecuteList : { executeList : ["annuity", "variable annuity", "index annuity", "mutual funds", "taxes"] } } newsBar = new GSnewsBar(document.getElementBy-Id("newsBar-bar"), options); } // arrange for this function to be called during body.onload // event processing GSearch.setOnLoadCallback(LoadN-ewsBar); This is the headline that a certain, previously mentioned, financial writer wrote back in 1997. I would just like to point out that he was, and still is, wrong. NAVA just released their fourth quarter variable annuity sales data yesterday...
Taxation of Variable Annuities
2007-03-13 03:09:00 The importance of tax deferral will become even more evident as the taxation of variable annuities is discussed below. The long-term investing in mutual funds will result in taxation at a 20% capital gains rate is not always the case. Just as inaccurate are statements made about the taxation of variable annuities. Many variable annuity articles claim that variable annuity owners in, say 27 ½% marginal tax bracket, will pay 27 ½% in ordinary income taxes on withdrawals made from their annuities. Statements such as these are misleading and often cause investors to make incorrect investment decisions. Investors who invest in variable annuities over a long period do not pay current income taxes on the growth in their variable annuities. This benefit arises because variable annuities are income tax-deferred wealth accumulation vehicles. Variable annuity owners realize that at some point in the future they will want to withdraw money from their annuities. When this occurs, income taxes ...
What you need to know about LIFETIME INCOME Variable Annuities
2007-02-05 15:14:00 The idea behind the LIFETIME Income Benefit is easy to understand. If you purchase a variable annuity that has a Lifetime Income Benefit, the annuity company will guarantee to pay for a lifetime. For example, if you invested $100,000, you would be able to withdraw 4.5%, 5%, 6%, 6.5%, 7%, or even 7.5% for life depending on the annuitant’s age when withdrawals begin even if one’s account value falls to zero! Let’s assume you are age 70, with some Lifetime Income Benefits (LIBs), one could begin withdrawing 5.5% for life, and then have the ability to reset the contract at age 75 to increase the withdrawal to 6% for life. As one gets older, there is an opportunity for increased income to overcome the inflation obstacles. With this feature, one can have the peace of mind knowing that one cannot outlive their assets. This feature is perfect if you and your spouse are anticipating a lengthy retirement. The Lifetime Income Benefit is very different from the Guaranteed Minimum Withdraw...
Guarantee Minimum Income Benefits with some Variable Annuities is a good th
2007-01-30 15:45:00 With insurance company competing for potential investors, today's variable annuities off all kind of wonderful, client friendly features and benefits that were not available just a few years ago. The Guarantee Minimum Income Benefit (GMIB) is a guarantee that one will always have income available from one's investment resources. A Guarantee Minimum Income Benefit (GMIB) ensures that if you purchased your annuity during a market peak and required income during a market trough, you would always be guaranteed a predictable level income to fund your retirement years. For example, let's suppose you invested $100,000 into the Equitable Accumulator Plus Annuity at age 69. First you would receive a 4% bonus or $4000. After one year, you began withdrawing 6% annually, or $6000, for the next 15 years. And during that time, the market was flat, and there were no gains on your investment, and even some negative years. Over fifteen years, you withdrew a total $90,000. Because of annual syst...
Annuities: The Shocking Secrets Revealed.
2007-01-02 08:45:00 Annuities: the Shocking Secrets Revealed. ...Discover the Shocking Secrets that Banks and Insurance Companies Don't Want You to Know. Affiliates Earn 50% of New $97 Upgrade.
Variable Annuities- A Revolutionary Investment
2006-08-27 17:42:02 Investing can be frustrating these days, given the uncertain world of war, terrorism, inflation, boom and bust, and a Fed policy that changes every year. Now there is a fabulous new way to make money in the stock market without the risk. Here is the long list of the benefits of investing in variable annuities: Invest in practically any investment category you can name ? U.S. stocks, U.S. bonds,
The Real Scoop on Annuities Part One
0000-00-00 00:00:00 Today, it's difficult to distinguish one financial institution from another as they compete for the ever-growing pool of investment dollars. Insurance companies, now publicly owned, have become am integral part of an industry that seems uninterested in protecting anything other than their obscenely paid leaders.
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