Divorce is a major life change that can affect your finances all the way through retirement. It divides assets and, in some cases, assets may be awarded to only one person — making the other spouse more vulnerable. Statistically, single adults have a higher risk of not having enough money saved for retirement. The Employee...
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Demand for Fixed Indexed Annuities on the Rise
The fixed index annuity market is going strong. Sales increased 24 percent in the last year, reveals a study conducted by the Insured Retirement Institute (IRI). Out of the total broker-dealer annuity sales last year, 10 percent were of FIAs. Like all annuities, the fixed index annuity (FIA) guarantees a predictable income either for life...
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Annuities vs Life Insurance
Most life insurance companies sell both life insurance policies and annuities. Both require you to be in good health to get the best rates. And both provide financial security. But they play very different roles in your financial portfolio. How They Work When you buy life insurance, you name a beneficiary (usually a person, but...
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Annuities: The DIY Pension Plan
In 1980, 38 percent of private industry workers had a defined benefit pension plan. By 2011, that percentage had dropped to only 14.7 percent. The rest will have to live their retirement on Social Security and their own savings. Your parents or grandparents might have relied on an employer’s pension to fund a comfortable retirement....
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Is an Annuity a Good Retirement Investment?
Do annuities belong in your retirement portfolio? If you’re looking for a guaranteed revenue stream, consider the following pros and cons to decide if an annuity is a good investment for your retirement portfolio. When you buy an annuity, you’re buying an investment that provides regular payments over time. The annuity buyer (the annuitant) makes...
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