Fixed Annuity, Variable Annuity, Index Annuity Agent Site
Expenses can vary. Make sure that the annuity contracts you consider have competitive fees. Independent rating services such as Morningstar and Lipper Analytical Services both publish reports that compare variable annuity fees. Your local library may have copies. While cheaper doesn't necessarily mean better, if a contract is too expensive it could offset gains from the tax-deferred status.
All earnings from annuities are taxed as ordinary income.If your ordinary income rate at retirement is higher than the current capital gains rate for other investments, you would actually pay higher taxes. You do, however, have a tax deferral on any earnings. With some other investments, you could be subject to ordinary income as well as capital gains taxes annually, even if you have not cashed in the investment, which can reduce the value of your earnings.
Annuity Seminars.
Annuity Seminars work great for the over 60 crowd because they have time to attend and they like to learn more about managing their money. And seminars are non-intimidating where they can remain anonymous.
Where to Get CDs to Sell.
There is no license required to sell CDs but there are regulations for advertising. Also, even though there is no license requirement, the only way to place these trades is through a broker dealer. So you will need a securities license to join a broker dealer. Then, your broker dealer will have a listing of CDs available or you can log onto http://www.lasallebank.com/certificates_of_deposit/index.htmll and look at their CD inventory. LaSalle can also provide you ads that meet regulations and a good disclosure document to provide the CD buyers. Of course, you have no interest in selling CDs (they typically pay you a 1% commission) but some prospects will not want annuities.