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All About Annuities » annuities

Immediate Annuities Pay Sooner, Not Later

Immediate Annuities Pay Sooner, Not LaterNews from FEDweek: An immediate annuity pays out income right away, as soon as it is purchased from the annuity issuer. Sometimes these vehicles are called “payout annuities” or “income annuities.” Payouts from immediate annuities may take several forms. Examples include: * Fixed term. You might receive income for, say, [...]

The Pros and Many Cons of Variable Annuities

The Pros and Many Cons of Variable AnnuitiesNews from ABC News: If you’re middle-aged or older, there’s a good chance that a financial services company will contact you about a variable annuity. These highly complex products are often said to be sold, not bought. Annuities are basically the opposite of life insurance. With life insurance, [...]

Annuities fall out of favour, but still offer certainty

Annuities fall out of favour, but still offer certaintyNews from Financial Times: ©Chris Batson For those who value the prospect of a good night’s sleep in retirement, an annuity is the only financial product that will offer the certainty of a secure income in later life. Money saved in a pension plan is given to [...]

Income Annuities, Non-GLBs Are Today’s Rising Annuity Stars

Income Annuities, Non-GLBs Are Today’s Rising Annuity StarsNews from Insurance News Net: By Linda KocoInsuranceNewsNet ARLINGTON, Va. – The way the individual annuity market is shaping up this year, the rising stars are variable annuities without guaranteed living benefits (GLB), and fixed income annuities. That’s according to figures from LIMRA Secure Retirement Institute (LIMRA SRI) [...]

Annuity Sales in 2014 – Does Fixed or Variable Come Out on Top?

Annuity Sales in 2014 – Does Fixed or Variable Come Out on Top?News from Market Realist: Annuity Sales in 2014 – Does Fixed or Variable Come Out on Top? (Part 1 of 4) An Introduction to Annuities By Sean Millard  • Apr 2, 2015 1:56 pm EDT What are annuities? Annuities are savings-oriented financial products [...]

Indexed Annuities -

Indexed Annuities -News from Are They a Good Investment? – Motley Fool: Photo credit: Got Credit. Many people with no pension to count on and only a modest expected income from Social Security know they need to make smart decisions about their retirement savings and investments. Thus, when a salesperson pushes them toward indexed annuities, they’re [...]

Should Employers Default Workers 401(k)s Into Annuities?

Should Employers Default Workers 401(k)s Into Annuities?News from Forbes: Back in the 1970s, the assumption was that most employers would provide traditional pensions that paid out income over a retiree’s lifetime, but most employers aren’t willing to do this anymore. In fact, two-thirds of Fortune 500 companies that offered pensions to new employees in 1998 [...]

Annuities Are Part Of The Retirement Readiness Playbook

Annuities Are Part Of The Retirement Readiness PlaybookNews from Insurance News Net: By Linda KocoInsuranceNewsNet Some retirement readiness data released this week by Voya Financial reads almost like a playbook on what Americans can do to increase their retirement readiness. That includes owning annuities, life and long-term care insurance, as well as building up savings [...]

Why the 1% loves annuities

Why the 1% loves annuitiesNews from MarketWatch: Class envy is currently in vogue, and it’s politically correct to be against what some politicians refer to as the “evil rich.” Recent studies reveal that the top 1% in this country earn over $ 380,000 annually, and the top 10th of 1% bring in more than $ [...]

Government deals blow to poorer pensioners looking to sell annuities

Government deals blow to poorer pensioners looking to sell annuitiesNews from Citywire.co.uk: Not everyone will benefit from plans to allow the sale of annuities as the poorest pensioners may be blocked from cash in their retirement income. Chancellor George Osborne used last week’s Budget to confirm pensioners receiving retirement income from an annuity would be [...]