Annuities

While indexed annuities are considered more conservative than variable annuities, and their guaranteed return is a selling factor, they nevertheless come with hazards. One is if you need to break your contract early due to a financial hardship or another pressing requirement. While some insurers have reduced the surrender time, most still require you to […]

Employers frequently set up qualified annuities on behalf of their employees as part of a retirement plan. Can I move my annuity to an IRA? A transfer is the most straightforward way to move money from an eligible annuity to an IRA. All you have to do now is tell the firms that hold your

In retirement, annuities can provide a steady income stream, but if you die too young, you may not get your money’s worth. When compared to mutual funds and other investments, annuities can have hefty fees. You can tailor an annuity to meet your specific needs, but you’ll almost always have to pay more or accept

CDs provide you with a guaranteed rate of return for a set amount of time; interest rates will fluctuate based on market conditions at the time the CD is acquired and the length of time until the CD matures, but they are normally fixed for the duration of the CD. Renewal rates are not guaranteed

The fixed index annuity could be a decent compromise if you’re investing for the medium or long term and want some market exposure with minimal risk. Your potential long-term return is higher than if you put all of your money into a guaranteed account, such as a fixed annuity or a CD. At the same

In retirement, annuities can provide a steady income stream, but if you die too young, you may not get your money’s worth. When compared to mutual funds and other investments, annuities can have hefty fees. You can tailor an annuity to meet your specific needs, but you’ll almost always have to pay more or accept

State legislation governs indexed annuities. Contact your state insurance commissioner if you have any questions concerning a specific product. You can also see if the person offering an indexed annuity is a member of the Financial Industry Regulatory Authority (FINRA). Check FINRA BrokerCheck or call our toll-free number at (800) 289-9999 for further information. Who

When it comes to receiving their prize, Powerball jackpot winners have two options: a lump-sum cash payment that is less than the advertised jackpot, or an annuity that divides the whole award out over a 30-year period. Each option has advantages and disadvantages, so here’s how the Powerball annuity works and how to figure out

An annuity is a series of annual payments made over a specific time period or for the rest of one’s life. Fixed or variable, instant or deferred, lifetime or term certain are some of the methods to distinguish them. When lottery winnings are annuitized, they are set up as period certain, fixed instant annuities, which

Some people like to know that they will receive a set interest rate and that their retirement funds will not be put at risk. New York Life offers annuities that guarantee the amount of your capital, ensuring that it never decreases. Is New York Life a good annuity company? Individual Annuity Providers rank first in