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Sun, 12 Sep 2010 00:00:00 -0400Annuities are best for old people and people desiring to opt for it. However, many agents fake the annuity policy and claim unnecessary and illegal money from the insurers. This is normally done without taking into account the status of medical fitness and the health over the ageing persons. For younger generation the annuity proposal is the best but for older people opting for it without any medical certification lead to trouble ahead. It is best for senior citizens not to opt for annuities as it is not at all beneficial to them.
Sat, 21 Aug 2010 00:00:00 -0400Are you thinking yourself... "How should I get the best deal on annuity rates?" If the answer is yes then you might be attracted to the following guidance on annuities. Taking just a short while to understand how the pension annuity system works could be worth thousands of pounds in the future. Straight from the off you should know that it is key that you shop between providers for the best annuity rates. Not completing this process will mean that you cannot be sure of the best rates. This could mean you miss out on a higher retirement income.
Fri, 06 Aug 2010 00:00:00 -0400An annuity is simply a contract whereby for a fee you can be guaranteed an income for the entirety of your retired life. The regular income from an annuity can offer you security for when you retire. Annuities must not be taken lightly though and it is always recommended that you take the advice of a professional before decide to take up any annuities.
Mon, 02 Aug 2010 00:00:00 -0400The twilight zone of your life is now secure, financially. Pick up your choice of annuity after adequate deliberation and you can actually start dreaming about how your retired life will be. Selecting the right annuity rates will make life a long, unending vacation after retirement. You can ride into the sunset in style. Annuities are a way to transform your pension fund into regular income that shall last you a lifetime. Though this post-retirement income is taxable, you can play smart and chose the right kind of annuity that shall suit you the best.
Sun, 17 Jan 2010 00:00:00 -0500The monthly point-to-point index change is determined by subtracting the prior month's index value from current month's index value and dividing it by the prior month'sindex value. If this results in a positive monthly point-to-point index change and is not more than the declared cap, then it is used as the capped index change for that month. If it is more than the declared cap, then we use the declared cap as the capped index change for that month.
Thu, 06 Dec 2007 00:00:00 -0500Wondering about the fine print on variable annuities? If you have an IRA, sorting through all the investment options can be very confusing. Unfortunately, there is a lot of hype out there and, in my opinion, the financial services industry is great at selling the sizzle and delivering very little steak!
Sat, 01 Sep 2007 00:00:00 -0400Annuities and Certificate of Deposits are financial investment instruments which have very similar features. Annuities normally require an up-front payment which will be used to provide a series of deferred payments in the future.
Sat, 14 Jul 2007 00:00:00 -0400A Charitable Gift Annuity is a contract where an individual (called a donor) gives an irrevocable gift of value (cash or other asset) to a qualified charity and in return receives a charitable tax deduction. For this gift, the charity agrees to make a payment of a fixed amount of money to the donor(s) for the remainder of their lifetime. These annuity payments are not considered "income" and a portion of each payment is considered to be a partial tax-free return of the donor's gift, which is spread over the donor's lifetime.
Tue, 24 Apr 2007 00:00:00 -0400Deferred annuities possess characteristics found nowhere else. They play an important part in seniors' portfolios. Seniors hold billions of dollars in deferred annuities. However, my experience is that the average person knows little about the unique advantages of deferred annuities, much less the options they have during the holding period.
Mon, 09 Apr 2007 00:00:00 -0400I believe that Equity Indexed Annuities and the sales practices used to sell them may well be the Next Big Investment Scandal you will hear about. You need to understand why and to think twice before you purchase one of these products.
Thu, 29 Mar 2007 00:00:00 -0400Seniors 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 based research-consulting firm, sales of EIAs thru June 2003 totaled $7 billion dollars. I sincerely hope none of that money was yours!
Wed, 28 Mar 2007 00:00:00 -0400Equity Indexed Annuities (EIAs) have become the hot product of late. I believe you can easily find other alternatives that will bring a better return, without locking up your money or levying hefty surrender penalties. I'll discuss these alternatives in the next two articles. But first, you should understand two things: your purpose for investing and how EIAs work.
Mon, 26 Mar 2007 00:00:00 -0400Every investor would like to increase their income without compromising their stability. Maybe that's why Equity Indexed Annuities (EIAs) have become so popular, because of their promise of providing a stable income stream. But there are a number of ways that you can easily outperform what an EIA can deliver. In this article, I'll show you how to meet your need for stability and income in your portfolio.
Mon, 26 Mar 2007 00:00:00 -0400Rising interest rates are another reason to avoid Equity-Indexed Annuities. If you are retired or near retirement, don't let yourself be talked into purchasing an Equity-Indexed Annuity. If you do, it could easily be a decision you regret for many years to come.
Mon, 26 Mar 2007 00:00:00 -0400If you've talked to a broker or agent about rolling over your retirement account, there's a good chance the advisor recommended you invest in a Variable Annuity. Don't do it! I believe the only reason a variable annuity is recommended for an IRA is so the advisor can earn more money. Let me explain.
Mon, 26 Mar 2007 00:00:00 -0400Last week I shared with you the real reason advisors push IRA accounts into variable annuities: the commission. If you're getting ready to retire with a large IRA rollover, or your current IRA account is nearing the end of any surrender penalties, chances are you'll be pitched this product. So this week I'm going to reveal more secrets about the truth behind the variable annuity sales pitch.
Fri, 23 Mar 2007 00:00:00 -0400Q. Jeff, I've been approached by someone touting the benefits of equity indexed annuity with "Company-X". They say my money will be safe, there's a minimum return and a cap with a participation rate of 100 per cent. They also said I'd probably average between 6 per cent-7 per cent without any risk to the money I put in. I'm confused by all this. Any help you can give would be greatly appreciated!
Thu, 22 Mar 2007 00:00:00 -0400It's hunting season out there, and unfortunately, you're the target! The financial services industry is on the hunt for your account and they know when you are most likely to take their bait. Knowing when you are most vulnerable is the first step in keeping you and your nest egg from being snared.
Wed, 14 Mar 2007 00:00:00 -0400This article is about a charlatan, defined as one who attracts customers with deceptive tricks, targeting seniors. Seniors in your community may be targets of financial charlatans. I've received a number of disturbing reports recently from seniors about the abusive tactics of some advisors. Their actions are not only unethical, but they border on the criminal. You must be aware of these despicable tactics so you and your nest egg are protected.
Mon, 12 Mar 2007 00:00:00 -0400Buyer's remorse-we've all had it from one time to another. But when it comes to investing your life's savings, the last thing you want is an investment that you will soon regret. Here are some secrets that can prevent that from happening.
Mon, 12 Mar 2007 00:00:00 -0400I've been predicting for some time now that Equity-Indexed Annuities and the sales practices associated with them will be the Next Big Scandal of the financial services industry. And now my predictions are coming true.
Fri, 09 Mar 2007 00:00:00 -0500Equity-Linked Certificates of Deposit are a safer, low-cost alternative for those who must have an Equity-Indexed Annuity type of investment. These little-known investments allow you to participate in the growth of the market index while your principal is guaranteed by the Government. Read on to find out more.
Thu, 08 Mar 2007 00:00:00 -0500Variable Annuities now offer a Guaranteed Minimum Withdrawal Benefit which allows you to earn 5 per cent or 6 per cent even if the market drops significantly. Undoubtedly, you will be pitched a variable annuity or pressured to transfer your existing one into a new contract with this benefit. Should you? Read on to uncover the truth behind this feature and see if it's right for you.
Thu, 08 Mar 2007 00:00:00 -0500The sale of Equity-Indexed Annuities has increased 45 per cent the first 6 months of this year. I'm concerned that the vast majority of those sales are unsuitable for the investors buying them. Oversight by the Securities and Exchange Commission (SEC) and the National Association of Securities Dealers (NASD) is desperately needed to protect retirees from being taken to the cleaners by agents hungry for the large commission. Read on to find out how this oversight will benefit you.
Wed, 07 Mar 2007 00:00:00 -0500Our nation has just enjoyed one of its most popular annual rituals: the Super Bowl. One can draw many lessons from the drama on the gridiron and all the hoopla surrounding it. But as I watched this year's spectacle, one thing in particular caught my eye. And what I saw can teach a very valuable lesson about investing.