The Money Farm Team

Many people are intimidated by the crediting mechanisms for indexed annuities, but speaking with a knowledgeable financial advisor can alleviate some of their concerns, allowing them to consider these viable retirement savings vehicles. The concept of participation rates is actually fairly straightforward. The participation rate for an indexed annuity product is determined using a formula […]

An annuity is a long-term investment issued by an insurance company that is intended to protect you from outliving your income. Your purchase payments (what you contribute) are turned into recurring payments that can last a lifetime through annuitization. What are the benefits of having an annuity? One of the main advantages of an annuity […]

Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY, 10017: TIAA Traditional is a fixed annuity product issued through these contracts by TIAA: G-1000.4 or G-1000.5/G1000 is a form series 1000.24. How do I get out of TIAA Traditional? Transfers or cash withdrawals in ten annual installments are available through […]

A fixed annuity guarantees a fixed sum of money for the duration of the contract. It can’t go any lower (or up). The returns on the mutual funds in which a variable annuity is invested fluctuate. Its worth may increase (or down). An instant annuity starts paying out as soon as the buyer pays the […]

The term “joint and survivor annuity” means “joint and survivor annuit An annuity that pays out to two people is known as a joint and survivor annuity. If either person dies, the survivor receives the same income payments for the rest of his or her life. No additional payments are provided to anyone when the […]

We’ve received hundreds of questions concerning the DOL Rule, its impact on annuity advisors, and what it means to operate as a fiduciary under the rule since Americans for Annuity Protection launched its AskAAP program in August (offered as a free benefit to AAP members). Do I need a Series 65 to sell a qualifying […]

If you do decide to purchase an annuity, you should do so through a financial counselor rather than doing it yourself. Make sure you fully comprehend what you’re obtaining, including any insurance rates, fees, and terms. Should an annuity be part of my retirement plan? An annuity is an income-paying insurance plan that can be […]

You should keep enough non-annuity cash on hand to meet unexpected needs as well as some of your living expenses. According to Updegrave, most people should invest roughly 25% of their retirement savings in an annuity. How much does a 100 000 annuity pay per month? If you bought a $100,000 annuity at age 65 […]

If asked, PERA can withhold Colorado state income tax. Other states’ taxes are not withheld by PERA. Total pension income up to $20,000 per year per person for retirees age 55 to 64, or $24,000 for retirees age 65 and beyond, is exempt from Colorado state income tax. The exclusion amount for that year is […]

Millions of people acquire annuity contracts for a variety of reasons, ranging from variable to fixed annuities. These goals can include everything from long-term income to asset protection and tax-advantaged growth. Each annuity has a varied maturity duration because it is a contract. Your annuity’s maturity duration may be as short as a few years, […]