Quick heads up:This article along with video is kinda long-ish. I get into some details that may bore the average person. But if you are considering an annuity, especially a variable annuity, this article and video will show you how to dissect the annuity illustration to better understand if this is a good deal or a bad deal.
Here’s the background on this story. Having a web presence with this website allows me to meet people from all over this country. This is one real life case (of many) of someone that reached out to me because they had been pitched a variable annuity. They sent me the illustration and we had an intelligent discussion about it. What I’m going to show you is how to look at an annuity illustration to truly understand what the real benefit is. Then you can decide if that benefit is worth it.… Continue Reading
Today’s question comes from Russ. He has some questions about the type of annuity he is looking for. He writes:
“I am looking at fixed index annuities. I am looking for a fixed index annuity that offers no cap, has a rider for fix income for life and an inflation guard. I would like one if possible that would have a 5 year surrender period… if that is possible… I would be taking income in about 5-6 years.”
What’s great about this email is that Russ has a clear idea of his different needs and what he’s looking to accomplish with an annuity.
Specifically, there are a couple of important issues Russ is looking for:… Continue Reading
If you’ve already determined that an annuity strategy may make sense for your own personal situation, then the next step would be to make sure that you choose the right annuities.
This may seem a little difficult or intimidating on the surface to do. But today I’m going to walk you through an easy 3-step process that you can use to help you make a better decision about choosing the right annuities to meet your specific retirement goals. Let’s get started.… Continue Reading
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