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
On Wednesday January 25th 2017 the Dow Jones index hit 20,000 for the first time. Not only is this an all-time high for the Dow, it is a psychological number.
On that same day the NASDAQ hit a new all-time high passing 5,650. And the S&P on the following day briefly surpassed 2,300. Not as exciting psychologically as the number 20,000; but never the less these are new all time highs.
A lot of the growth in the market lately has occurred after the presidential election. And much of that growth is based on anticipation of lower corporate taxes, some deregulation, and increased government spending on infrastructure. But it is also fair to note that there could be some headwinds as well, as there is talk of increased tariffs on imported goods from some countries, namely Mexico.
So what does the smart investor do?
Let’s keep this simple and break it down to 4 key takeaways for investing in this new environment.… Continue Reading
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”
If you buried your cash in your back yard and dug it up 10 years later, inflation would have caused it to be worth less. It’s like a loss on your money, even though the actual dollar amount stayed the same.… Continue Reading
I have 2 unhealthy food favorites: fried chicken and donuts. I try to limit my exposure to these. That means rarely having donuts in the house.
As for fried chicken, I generally only eat it once a month. This is usually the 3rd Sunday of the month, also known as “fried chicken” day at church. We bring in a big platter of it for lunch after worship service.
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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.