Annuities are a solid financial solution for many people. However, they’re not for everyone. If you’re considering an annuity, you should understand first what is an annuity and then weigh the pros and cons carefully. To follow are our Annuities top 10 pros and cons, offered here for the sole purpose of assisting you in […] Read more
Annuities
In a perfect world, everyone would be blessed with a long, healthy, comfortable retirement. In the real world, though, we know that a well-funded, pleasant retirement requires careful planning. And one of the biggest challenges in developing a solid retirement strategy is dealing with uncertainty. After all… You can’t be sure what will happen with […] Read more
What is a 1035 Exchange? A 1035 Exchange is a transaction whereby the Internal Revenue Service allows you to swap out an existing annuity contract, life insurance policy, qualified long-term care insurance contract, or endowment contract for a new contract or policy that better suits your current situation. The name “1035 Exchange” comes from Internal […] Read more
When was the last time you had a professional review of your Life Insurance Policy or Annuity? Chances are, probably never! But don’t feel so bad, because we’d be willing to hazard a guess that most folks rarely revisit their life insurance policy or annuity until some time in the future when some event warrants […] Read more
At I&E we do our best to stay on top of the best life insurance companies and annuity providers in the country. One insurance company that recently appeared on our radar was American Equity Investment Life Insurance Company based on the insurance provider’s great product line of annuities. In the following American Equity review, we […] Read more
What is a Charitable Gift Annuity? Charitable Gift Annuities (“CGA”) offer a practical means of giving back to your alma mater or supporting a charity dear to your heart while guarantying a predictable revenue stream during retirement. When you fund a CGA, you’re entering into a long-term contract with a charitable institution. You agree to […] Read more
The following article will provide you with a thorough understanding of an immediate annuity and provide you with tips and strategies to find the best immediate annuity for your unique situation. Immediate Annuities You’ve worked hard all your life, and retirement time is fast approaching. You’ve been frugal and diligently saved up a respectable nest […] Read more
A large, lump-sum settlement of a legal claim can seem like manna from heaven. You can take care of unpaid medical bills, make up for lost wages due to missed work-time, or even pay for a vacation to relieve some of the stress from the lawsuit. But big lump-sum payments also raise some potential problems. […] Read more
Are annuities taxable? The short answer is yes. However, the long answer is much more nuanced as you will discover in the following article covering the taxation of annuities. Taxation of Annuities When you buy an annuity contract, you’re paying the insurance company a large lump-sum payment up front in exchange for the right to […] Read more
Single Premium Immediate Annuity SPIA The need for consistent, reliable income during retirement is nothing new. In ancient Rome, retired legionaries received lifetime payments as a reward for their service to the state. From the Latin term for the soldiers’ payments, annua, comes the modern word “annuity.” And, appropriately, annuities are designed to address the […] Read more
