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Category: Annuity Education

IRA Holds Annuity
Kiplinger’s Retirement Report – RMD Tips: When Your IRA Holds an Annuity

March 24, 2017

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 complex products, and dealing with IRA required minimum distributions isn’t always a walk in the… Read more

stock market chart - fixed indexed annuities
A Way to Get Some Stock-Market Upside without Any Downside

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 strong. But many, especially older Americans, also fear the market is due for a major… Read more

Tax Sheltered Annuities (TSAs)

A Tax Sheltered Annuity, also called a TSA or 403(b), is a retirement plan offered by public schools and certain 501(c)(3) tax-exempt nonprofit organizations. Section 403(b) of the Internal Revenue Code allows employees to save for their retirement by making pre-tax contributions, up to a pre-defined annual limit, to individual accounts. Employee contributions are usually… Read more

Annuity Education: CD Annuities Explained

What are CD annuities? That is a very interesting question with an even more interesting answer. The fact of the matter is that there really is no such thing as a CD annuity. A certificate of deposit (CD) is issued by a bank, whereas an annuity is issued by an insurance company. Why then do… Read more

Life Annuities – An Annuity That Guarantees a Lifetime Income

If you are retired or nearing retirement, a life annuity should be a retirement income strategy that you give serious consideration. Life annuities are essentially a Single Premium Immediate Annuity (SPIA) with a lifetime payment option. They provide a dependable and secure stream of income payments that are guaranteed to continue for the rest of… Read more

Tax Deferred Annuities

Deferred annuities are contracts issued by insurance companies for people who want to save on a tax-deferred basis, usually for an extended period of time, and then optionally convert their accumulation value into a guaranteed monthly payout once they retire. Unlike an immediate annuity, where income payments must begin within one year of purchase, deferred… Read more

Annuities – Why Work With an Independent Annuity Broker?

There are many different terms used to describe an insurance professional that specializes in selling annuity products. Some of the most common are: Insurance Producer, Agent, and Annuity Broker. AnnuityAdvantage acts as an independent annuity broker for dozens of top rated insurance companies representing hundreds of different annuity products. Our job is to seek out… Read more

What Is a Tax-Free 1035 Exchange?

Are you interested in upgrading your annuity to one with better features and/or a higher interest rate? In most cases, the IRS allows what is known as a 1035 exchange of non-qualified annuity contracts between insurance companies. A 1035 exchange lets you switch companies while continuing to defer taxes, ensuring that your annuity stays up-to-date… Read more

The Pros and Cons of Variable Annuities

In the recent past, variable annuities have received both positive and negative attention in the media. Many articles have been published that detail variable annuities’ high potential market gains, but many more have been published describing excessive variable annuity fees, unethical sales practices, and the risk of losing principal. You may wonder if you are… Read more

Sell Your Annuity or Structured Settlement for Cash

Annuities are great retirement savings and guaranteed income products. While there are many benefits to owning an annuity, sometimes life’s circumstances change and there may now be a compelling reason to sell your annuity or structured settlement payments for cash. However, in most cases you can’t cash in a structured settlement or an annuity that… Read more