Retirement Annuity

Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)

Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)

Increasing longevity, globalized competition, and market fluidity have created a new landscape for the development of retirement products. Complete reliance on traditional social security systems and defined benefit pensions is no longer an alternative in emerging economies. The development of defined contribution pension systems during both the accumulation and the payout phases has been attracting attention from policy makers, who realize that valuable lessons can be gleaned from the ex

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Financial Expert Offering Education on a Sensitive Subject

Minneapolis, MN (PRWEB) December 05, 2011

“New Leave Wisely Inherit Wisely workshop advises heirs to take part in estate planning,” shares Eric Converse with On Three Marketing.

Roger Kruse, founder of FFP Wealth Management ( http://www.ffpwealthmanagement.com ), has been a financial advisor specializing in estate planning for over 20 years. In recent years his firm has taken more and more calls from upset families who were shocked by large tax bills due on money that they inherited.

In this business, its not unusual that the first contact with a potential client is when they are in some sort of financial distress, especially in cases where someone has passed away and families are trying to untangle the estate plan says Kruse. April comes around and they learn that the inheritance they received cost them dearly in taxes that they could have avoided with planning. Sad thing is, its all preventable.

Kruse states, The 1970s introduced ERISA and IRA accounts while the 1980s brought the 401(k). Tremendous wealth has been accumulated in plans that are now transferring due to death. Traditional estate planning does not deal with the strategies heirs can implement to reduce the INCOME TAX consequences of inherited retirement accounts.

Families have been coached by advisors to avoid estate taxes and probate since Congress implemented estate taxes in 1916. Little or no planning is done for families who will transfer an estate below the threshold of a taxable estate which now has reached $ 5,000,000 per citizen. Smaller estates may avoid probate and estate tax while paying excessive taxes on inherited IRA accounts, employer plans such as the 401(k), annuity contracts and savings bonds are transferred as ordinary income and subject to income tax. Kruse goes on to state If the heir understands their financial situation and their options they can significantly lower the tax rate due on the inherited money, sometimes down to 0%. The problem arises when the heir looks into their options after they have taken in money. Not much can be changed after that.

Roger decided to offer a two day workshop that focused on the heirs role in estate planning. Estate owners and their potential heirs are encouraged to attend together so that each understands what they must do to avoid unnecessary taxes.

The first two workshops were very well received and sold out quickly. The classes are split up into two days so that all of the information can be covered thoroughly. The attendees are encouraged to participate by asking questions about any of the topics covered.

Nobody wants to talk to their loved ones about how their assets will be divided after they die. Its awkward and people imagine hand-wringing morbid greed. The truth is that, by talking about it, the parent can maximize the value of their gift. Its what both parties want, says Kruse.

FFP Wealth Management ( http://www.ffpwealthmanagement.com ) is a NAPFA registered Fee Only Advisory firm managing over $ 60,000,000 and offers expertise in tax planning, financial and retirement planning and post retirement distribution planning.

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Should Immediate Annuities be a Tool in Your Retirement Planning Toolbox?

Should Immediate Annuities be a Tool in Your Retirement Planning Toolbox?

This short story explores the pros and cons of utilizing immediate annuities for retirement income.This short story explores the pros and cons of utilizing immediate annuities for retirement income.

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Hundreds of Financial Articles Online Misleading Consumers

Sheldon, IL (PRWEB) August 22, 2005

If the idea of a comfortable retirement with an abundance of money sounds appealing, then chances are you may be one of nearly 2 million people that utilize the Internet each and every month to search for financial advice to grow your life savings.

While annuities have played an integral role in retirement planning throughout most of the last century, a new report reveals that the average consumer is ten times more likely to read information designed to discourage annuities rather than endorse them.

A market study completed this week by Annuities Institute included the analysis of more than five hundred popular consumer articles on financial planning and annuities. From the review, an alarming 93% of the documents researched contained inaccurate and damaging assessments of how annuities work within retirement plans.

“Many of the articles attacking annuities are being written by private investment advisors that want to sell mutual funds, provide stock market trading systems, or broker other money market instruments,” reports Robert Davis, executive director of Annuities Institute. “The Internet has become a very effective way to have your opinion heard. As a result, we are seeing the same ill-conceived perceptions being quoted time and time again as justification why annuities are not suitable for retirement planning.”

The Annuities Institute research included compiling a list of the most common misconceptions published on annuities, and then sharing them with professional planning advisors and retirement specialists nationally. Their comments and input were then compared against consumer satisfaction surveys sampled from a base of more than $ 500 billion of annuities sold to consumers between 2001 and 2005.

Among some of the top negative press strategies and fallacies recorded were:

1. Every Annuity is a Variable Annuity

Very often, the risk properties of the variable annuity are intentionally or incorrectly referenced on behalf of all types of annuities, undermining consumer knowledge and confidence in non-security based annuities such as fixed, immediate and indexed investments. Nearly half of all annuities purchased are not based on stock market performance however, and offer guarantees through fixed minimum interest rates and future protection against loss of principal and earnings.

2. Your Insurance Agent Isn’t Qualified to Offer Financial Planning

Some investment managers will diminish the value of annuities on the grounds that the insurance representative does not need a securities license to provide investment advice. However, a securities license is only utilized when selling speculative investments where the potential for loss exists. Many insurance providers focus on fixed and indexed annuities for retirement where loss to principal and earnings is not an option for their clients. They undergo continual training and professional courses year round to improve their knowledge and capabilities for senior planning.

3. Fixed Annuities Will Never Outperform Inflation

The fixed annuity offers security in knowing you are guaranteed a set interest rate over a specific period of time, and is often utilized to give long term investments more growth return and tax advantages over CDs. Some investment advisors are against fixed annuities because of their perception of future inflation. They feel that some risk must be taken to grow savings to maximize personal wealth. For investors who cannot afford to lose any of their life savings however, risk should never be a substitute for long term planning and new income generation as needed.

For the complete list visit http://www.annuitiesinstitute.com/annuity_myths.html.

About Annuities

Annuities provide many real advantages, ranging from competitive interest rates, to guaranteed income for life, to the often cited tax deferral advantages of compounding principal and interest over long periods of time in preparation for retirement distributions. They also offer many unique and beneficial ways to protect estates, avoid probate, and pass money to future heirs.

Many individuals looking for safety within their investments are being exposed to significant risk to their savings and are not even aware of it. To maximize the safety of your retirement plan, ensure you deal with a knowledgeable advisor who can provide independent and objective advice, buy only from reputable companies with a strong performance history in annuities, and never agree to anything that concerns your retirement and financial security that you don’t fully understand.

For more information on evaluating annuities visit http://www.annuitiesinstitute.com.

About Annuities Institute

The Annuities Institute was created by a national independent network of many of the brightest financial advisors, insurance specialists, and retirement planners across the country. Their members work to provide objective and independent assistance in evaluating annuities to help reach retirement, income generation, tax reduction, and asset protection goals.

As an independent body, the Annuities Institute works to improve the quality and capabilities of senior planning specialists nationwide, by encouraging the highest standards of training, readiness and planning qualifications. They are a strong advocate of independent planning over restrictive affiliations, and promote open market access and full disclosure policies to ensure consumers are fully informed and aware of how annuities work within retirement plans.

For more information contact Robert Davis, Executive Director at 815-429-3313 or visit http://www.annuitiesinstitute.com

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Dummies Book Series Features AnnuityAdvantage.com in Recent Release

Medford, OR (PRWEB) March 11, 2008

AnnuityAdvantage.com announced today that the book Annuities For Dummies, written by Kerry Pechter and recently published by Wiley Publishing, Inc., features extensive annuity information and makes multiple positive mentions of AnnuityAdvantage.com’s Web site.

Annuities For Dummies is a plain-English guide that seeks to explain annuities down to the smallest detail. All annuity types and topics—from when to buy an annuity to how to make the most from an annuity investment—are covered in this comprehensive guide.

According to the chapter “Ten Web Sources for More Annuity Information,” AnnuityAdvantage.com is “one of the few places (on the Web) you can find the renewal rate histories for fixed annuities.” Author Pechter, who is also the Editor of Retirement Income Reporter, praises AnnuityAdvantage.com’s annuities-of-the-month feature and its full disclosure on specific annuity product details.

“We’re proud to be included in Annuities For Dummies,” said Ken Nuss, CEO and Founder of AnnuityAdvantage.com. Described in the book as a “recommended site,” AnnuityAdvantage.com was launched by Nuss in 1999 as a company that provides individualized recommendations and sells high quality fixed annuity products to people planning for their retirement needs. Nuss continued on, saying that the inclusion makes sense because, “the For Dummies book series is a respected brand of beginner’s guides, and AnnuityAdvantage.com aims to educate the consumer and simplify the annuity-buying process.”

AnnuityAdvantage.com works with over 40 of the top insurance companies in the country and handles hundreds of annuity products, from simple multi-year guaranteed fixed annuities or single premium lifetime immediate annuities that provide monthly income to more complex equity-indexed annuities that earn interest according to the performance of a particular stock index. Focusing exclusively on annuities allows the AnnuityAdvantage.com Specialists to make customized recommendations to each client.

To benefit from AnnuityAdvantage.com’s experience and to receive free, personalized annuity recommendations, individuals should visit http://www.annuityadvantage.com or call 1-800-239-0356. The book Annuities For Dummies can be purchased at local bookstores or online at Amazon.com.

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Retirees Turn to Annuities for Retirement Planning

Retirees Turn to Annuities for Retirement Planning

(PRWEB) November 17, 2005 –

With the future of Social Security unclear, annuities can provide the income and security needed for retirement planning.

Statistics show nearly half of all retirees are unable to meet their regular expenses. Those with incomes in the bottom 20 percent rely on Social Security for 80 percent or more of their annual income. With the future of Social Security under constant scrutiny, the development of a personal retirement planning strategy is essential.

“In order to accommodate long-term retirement income needs, people today must include a personal savings plan to supplement Social Security and earnings-based retirement plans,” says Ken Nuss, founder of AnnuityAdvantage.com.

According to Nuss, “In today’s financial world, annuities can provide a sensible solution for a protected, competitive return on a principal-protected investment at any stage in the retirement planning cycle.”

Annuities, investment products offered by insurance companies, have the added benefit of tax-deferral, and are typically guaranteed (to certain limits) by State Guaranty Associations.

Harry Donovan, a 30-year annuities investor, has long relied on the security his annuity investments have provided.

“Every day you hear of companies filing for bankruptcy or falsifying reports,” says Donovan. “I find great comfort in knowing my retirement funds are safely invested in annuities.”

For a typical member of the so-called baby boom generation, the average $ 1,300 they have accumulated in their personal savings plan can evaporate before the first month of retirement ends. Most widely used investment options carry a risk factor far too high for soon-to-be retirees, while volatile market conditions have put an end to the soaring returns seen just a few years ago.

The wide varieties of annuity options which can be customized to fit the needs of a particular investor include:

Fixed – allows for compounding interest to accumulate tax-deferred over a period of time with a guaranteed rate of return

Immediate – creates a guaranteed monthly stream of income

Equity-Indexed – provides the increased interest potential of a market investment without the market risk

“As we approach retirement, it is important to decrease the risk associated with our investments,” says Kathleen Cohan, a former day trading professional and contributing financial reporter. “Those considering an annuity investment should seek the advice of an Annuity Specialist, who can help guide people through the web of detailed contracts to find the best annuities for their individual needs.”

About AnnuityAdvantage.com (http://www.annuityadvantage.com)

AnnuityAdvantage.com is a one-stop, online annuity shopping service that provides individualized recommendations and guaranteed high-value fixed-rate annuity products. The company’s focus on annuities enables its staff to sort through the array of options and custom-tailor product offerings to people for their retirement planning needs.

Contact:

Sunny Spicer

Voice: (541) 770-9407

Toll Free: (800) 239-0356

Mobile: (541) 944-6206

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Liberty :: Retirement Annuity :: How Much Is Enough

Liberty’s Retirement Annuities provide you with a plan that is based on both your lifestyle and financial needs. It is a great savings vehicle for those who want to supplement an existing pension or provident fund. The provident fund you contribute to at the office may not be enough to maintain your current lifestyle. According to legislation you may retire from your retirement annuity funds from the age of 55. You may then, depending on the amount in your retirement annuity and other retirement benefits you may have received, withdraw up to a maximum of a third of the funds, all or a portion of which will be tax free. With the remaining funds you have to purchase an annuity that will provide you with regular income during your retirement. www.liberty.co.za
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Annuity Assurance Launches Nationwide Website

Annuity Assurance Launches Nationwide Website

Houston, TX (PRWEB) October 25, 2005

Annuity Assurance, a Houston based company, has just launched http://www.AnnuityAssurance.com, a comprehensive website providing information on fixed, immediate and equity indexed annuities. Fixed annuities and equity index annuities sales are continuing to double each year as the population trend in the United States continues to age and investors are looking for secure, safe investment vehicles that provide stable income for their retirement while providing competitive returns.

“After having been in the financial services industry for 13 years, it became obvious that the trend for investors in the retirement age group were looking for these products and I wanted to be able to serve them with an online resource that could do that very thing,” Philip Mount founder of Annuity Assurance said. “The growth has been astounding and we see it continuing to increase in the years ahead as the population continues to age and more people discover the benefits of these products.”

Unlike variable annuities, fixed annuities and equity indexed annuities are not classified as securities and do not carry the risk of principal loss and market price fluctuations associated with a variable annuity. With the market volatility over the last several years investors have looked for more conservative products says Mount. “Our clients want stability and growth. We’ve been able to meet those objectives with the use of products like the equity indexed annuity. There are other people put there who want the same thing. Through Annuity Assurance we’ll be able to reach those individuals and provide them with the information they need.”

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Annuities For Dummies

Annuities For Dummies

• ISBN13: 9780470178898
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• Notes: BRAND NEW FROM PUBLISHER! BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

Why look into annuities? If you’re a Baby Boomer with little or no pension and most of your money in low-interest savings accounts, an annuity may be the key to a secure and comfortable retirement. How can you find out whether an annuity is right for you? Read Annuities For Dummies, 3rd Edition.This completely revised and updated, plain-English guide is packed with the latest information on choosing the best annuity for your retirement needs. You’ll find out exactly what annuities are, wheth

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Endless Annuity Lead Flow

Endless Annuity Lead Flow
Endless Lead Flow is an annuity selling and prospecting system that will have you swimming in annuity leads.
Endless Annuity Lead Flow

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