Annuities

The key to owning annuities as a consumer is to buy them for what they WILL DO (i.e. contractual promises), not what they MAY DO. Never acquire an annuity based on a fictitious, hypothetical, predicted, back-tested, optimistic agent return scenario. If you buy the steak instead of the sizzle, you’ll discover that annuities aren’t a […]

You must have earned money to be eligible for the Earned Income Tax Credit. Earned income comprises all income from employment for the year you’re filing, but only if it’s includable in gross income. Wages, salaries, tips, and other taxable employee remuneration are examples of earned income. Self-employment earnings are included in earned income. Pensions

A variable annuity is a retirement package whose funds are directly linked to the market and is regulated by the Securities and Exchange Commission (SEC). During a recession, the value of a variable annuity swings, posing the biggest risk to an investor. What happens to an annuity if the stock market crashes? “Don’t Put All

Annuities are not insured by the Federal Deposit Insurance Corporation (FDIC) and are not bank deposits. Although each state has its own guarantee fund, it should not be considered a replacement for FDIC coverage. State guaranty fund rules differ greatly from one state to the next. Can you lose your money in an annuity? Variable

Annuities are not insured by the Federal Deposit Insurance Corporation (FDIC) and are not bank deposits. Although each state has its own guarantee fund, it should not be considered a replacement for FDIC coverage. State guaranty fund rules differ greatly from one state to the next. What happens to my annuity if the insurance company

Annuities have a low risk profile when compared to other investments such as equities and bonds. In the correct circumstances, their fixed rates and guaranteed income make them safe. Can you lose your money in an annuity? Variable annuities and index-linked annuities both have the potential to lose money to their owners. An instant annuity,

If an annuity contract has a death benefit provision, the owner can name a beneficiary to receive the remaining annuity payments after he or she passes away. An inherited annuity’s earnings are taxed. The tax treatment of inherited annuities is determined by the payment structure and whether the annuitant is the surviving spouse or someone

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 type of investment is an annuity? An annuity is a financial product sold by insurance

There’s a good probability you’ll get sued if you drive a car, own real estate, operate a business, have a spouse or business partner, or engage in high-risk activities. You may be the cause of a car accident. It’s possible that a delivery person will trip and fall on your front doorstep. You could have

An annuity that is considered marital property must be divided according to state law and insurers’ divorce procedures. The value of payments is affected with the passage of time. Certain annuities may not be considered marital property if they were purchased before the marriage and no one paid premium payments afterward. Splitting annuities is unnecessary