Posted On: July 20th, 2009 by Bob Richards
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Some commenters on the blog have asked about where to find annuity rates. Here are sources for annuity rates:
any annuity agent
comparative annuity reports (www.comparativeannuityreports.com)
Immediate annuity rates http://www.annuityshopper.com/calculators/immediateannuities/
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Tags: annuity rates
Posted in annuity rates | 34 Comments »
Posted On: March 5th, 2009 by Bob Richards
What Type of Annuity Is Safe for You?
Retirees who want to supplement their Social Security and pension income can look to their savings. They can invest those savings to generate an income or they can annuitize all or part of them. The annuity – as an insurance product – can offer a lifetime income. But [...]
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Tags: annuity safety
Posted in annuity safety | 37 Comments »
Posted On: February 27th, 2009 by Bob Richards
Long term health care costs remain high and growing. Because of this retirees with significant assets should plan for their potential Medicaid eligibility. A Medicaid qualified annuity can play a part in this planning when one spouse has to enter a nursing home leaving the other one at home.
Medicaid picks up the long term care [...]
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Tags: Medicaid annuity
Posted in Medicaid annuity, fixed annnuities | 11 Comments »
Posted On: February 25th, 2009 by Bob Richards
What Protections Does a Fixed Annuity Offer?
Asset protection is an important consideration when deciding on retirement investments. One investment of particular interest to retirees is the fixed annuity. Annuities are geared to protect you from running out of income while you’re living.
But because a fixed annuity is an insurance product, it has special protections afforded [...]
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Tags: creditor protection annuities
Posted in creditor protection | 12 Comments »
Posted On: February 24th, 2009 by Bob Richards
If you’re 70 and living off your income from a Certificate of Deposit (CD) you may find it more advantageous to switch to a laddered annuities for more income. Let’s consider how.
A $100,000 5yr-CD paying 5% gives you an annual taxable income of $5,000. At a 25% income tax rate, you’re left with $3,500. Of [...]
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Tags: ladder annuities
Posted in annuity ladder | 2 Comments »
Posted On: February 23rd, 2009 by Bob Richards
Understanding the earnings your money generates for you in an immediate annuity helps your evaluate your investment.
A single premium immediate fixed annuity (SPIFA) gives you a fixed monthly payment for the term of the annuity. That term may be a certain number of years or for the remainder of your life.
The amount the insurance company [...]
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Tags: immediate annnuity
Posted in immediate annuity | 2 Comments »
Posted On: February 4th, 2009 by Bob Richards
How Do I Organize My Money to Spend My Last Dollar the Day I Die? asked the investor
And the advisor said, “That’s no problem, Sir. What day will that be?”
Not knowing when we’ll die means making sure we arrange our finances to produce income for as long as we live. Aside from being able to [...]
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Tags: die broke
Posted in annuitization, immediate annuities | 4 Comments »
Posted On: January 21st, 2009 by Bob Richards
Annuities are especially attractive to retirees because they assure an income for life. They’re often held as deferred annuities as a back up for those later retirement years as a supplement to other retirement income or when savings become depleted. But many retirees will die before tapping their deferred annuity. What are the tax consequences [...]
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Tags: annuity beneficary, annuity taxation
Posted in annuity beneficiary, annuity taxation | 7 Comments »
Posted On: January 20th, 2009 by Bob Richards
Sometimes, investors don;t understand the benefit of tax deferral. They believe if they need to pay the tax eventually, what difference does it make to defer the tax. This article explains the benefit clearly so you make the right decisions with IRAs, annuities and other tax deferred opportunities.
The secret to growing your investments is its [...]
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Tags: benefits of tax deferral, tax deffered
Posted in tax deferral | 3 Comments »
Posted On: January 16th, 2009 by Bob Richards
In retirement, a guaranteed income can reduce your stress and allow you a less-panicked approach to investing. With no pension, you may be relying on Social Security as your only assured income. Buying a life annuity can guarantee that extra income, but you lose both control of your assets and their use as your legacy. [...]
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Tags: immediate annuity
Posted in immediate annuity | No Comments »