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Category Archives: Annuities

A deep dive into a Variable Annuity illustration… good deal or bad?

Variable Annuity Illustration2Quick 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.

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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

What Part of an Annuity is Taxable?


A reader of mine recently asked me a question about how annuities are taxed. Specifically it pertained to which portion of an annuity is taxable.

This is a very important question, because if you don’t know the right answer to it you may unknowingly pass up on an annuity as part of your portfolio.

So let’s get started…

How are annuities taxed?

Continue Reading

How To Choose The Right Annuity


Today’s question comes from Russ. He has some questions about the type of annuity he is looking for. He writes:

How To Choose The Right Annuity Question

 

“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

Income In Retirement… How Much Do You Need?


Income in retirement is everything. 

Think about it…

If you can’t pay your bills then nothing else really matters. You’re not going leave money to your alma mater, to your kids, to your grand kids…

Unless you can take care of yourself first.

Here are 2 approaches you can take to estimate how much income in retirement you will need:

  1. Income Replacement Ratio Method
  2. Specific Expense Method

It’s wise to use both methods and check the results against each other. Let’s take a look at them.Continue Reading

How To Buy An Annuity In 3 Easy Steps


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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Investment Advisory Services offered through Retirement Wealth Advisors, (RWA) a Registered Investment Advisor.  Tri-State Financial Group, and Tri-State Insurance & Financial Services, and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

This information is designed to provide general information on the subjects covered. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Tri-State Financial Group and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors. Chris Hammond is insurance licensed in TN.