Annuities

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

A ten-day or longer “free look” term is common in variable annuity contracts. During this time, you have the option to cancel your contract without incurring any fees, and you will be refunded the amount you paid. During the “free look” period, you can continue to ask questions until you fully understand the variable annuity

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,

If you sell or remove money from a variable annuity during the “surrender period,” a predetermined period of time that normally lasts six to eight years after you purchase the annuity, you must incur a “surrender charge.” Surrender fees will diminish the value of your investment and reduce your return. What is the purpose of

After analyzing 326 annuity products from 57 insurance companies, we discovered that a $250,000 annuity will pay between $1,041 and $3,027 per month for a single lifetime and between $937 and $2,787 per month for a joint lifetime (you and your spouse). Income amounts are influenced by the age at which you purchase the annuity