Asking about the difference between life insurance and annuities is common. The most common difference between life insurance and an annuity is that life insurance helps provide financial security to your loved ones if you pass away. Annuities provide either... Read more
Nearing or at retirement age and want a strategy for retirement income? Income annuities might be the right answer for you. But how can you tell for sure? In this article, we’re discussing what income annuities are and how they... Read more
Annuities offer powerful tax benefits to those planning for, or entering retirement. Unlike money market accounts, savings accounts, certificate of deposit (CDs), and most bonds, annuities carry the potential to create tax-deferred accumulation. For example, interest earned in a deferred... Read more
Deferred income annuities are types of deferred annuities that guarantee lifetime monthly incomes starting at a future date specified in their contracts. The chief purpose of a longevity annuity is to efficiently protect a portion of your assets that are... Read more
Buying a fixed-rate guaranteed (MYGA) annuity can be an effective strategy for accumulating funds on a tax-deferred basis that can be converted to income during your retirement. As with other annuities, you purchase a MYGA annuity by submitting a completed... Read more
There are several types of annuities that you should be aware of while trying to choose a vehicle for your retirement funds. Annuities can be immediate or deferred and they can provide fixed or variable returns. In this article, we’re... Read more
Deciding whether annuities are a smart financial decision comes down to where you are in your retirement journey. For example, fixed annuities are secure financial products and should be a consideration for anyone looking to maximize their retirement portfolio. However,... Read more
Nearing retirement is an exciting time filled with new plans and possibilities. But before you decide on your vacation home, you need to figure out how you’re going to fund your golden years. With retirement comes freedom, but for most... Read more
Here are some excerpts from a recent Kiplinger’s Retirement Report story titled, “RMD Tips: When Your IRA Holds an Annuity,” by Rachel L. Sheedy. AnnuityAdvantage CEO and Founder, Ken Nuss, is quoted in the article. “Annuities have a reputation for being... Read more
Fixed indexed annuities are complex financial products offering a way to protect principal while still getting growth. With the stock market seeming to reach new highs almost daily, investors face a quandary. They want to profit if the market stays... Read more