Afraid Your Money Will Vanish before You Do?

The Employee Benefit Research Institute surveys workers each year concerning their retirement confidence. Despite an uptrend, the latest report shows that 82% of workers feel less than “very confident” about having enough money to retire comfortably.

Should I Sell My Structured Settlement?

A structured settlement is a financial settlement paid out as an annuity rather than in a lump sum. It is often the result of a legal or insurance claim. In 1982 Congress created special tax rules to encourage the use of structured settlements to provide long-term financial security to seriously injured victims and their families. […]

Optimizing Your Pension Choices for Approaching Retirement

A recent Gallup poll determined that, 42% of low-income respondents will rely on Social Security and part-time work to help them through their “golden years”. Surviving on Social Security alone is difficult if not impossible but unfortunately many are relying on it. Overall, those nearing retirement age today, i.e.  50- to 59-year-old nonretirees still see Social […]

The Truth About Annuities

6 Annuities FAQs: Yesterday we talked about how useful annuities are for retirement planning. Today we are going to look at some common misconceptions about annuities. Fact or Fiction? — 1)  Many different investments offer a guaranteed income stream. — Fiction! Annuities are the only financial planning option that can guarantee a continuous stream of income throughout […]

Annuities for Retirement

Why You Need An Annuity 1) Annuities Provide Tax Savings An annuity has numerous advantages. The first advantage is tax deferral on interest and capital gains which allows the principal to compound tax free and  can save you a lot of money.  There is no IRS reporting requirement until you actually make a withdrawal from […]

Getting the Best Annuity Rate

Choosing the right retirement plan is perhaps the most important decision you can make to ensure a secure retirement. However, it is evident that many people fail to adequately plan for their life after retirement. The old saying, “if you fail to plan, you plan to fail” definately applies in this situation. One method of providing for […]

Is a Retirement Annuity the Answer for your Retirement Savings?

Retirement Annuity You’ve probably heard that investment plans and financial schemes like, IRAs and 401 (k), are the best ways to plan for retirement. This might be true in most cases, but not always. For instance if you have invested your maximum contribution for the year to your retirement account and you’re seeking to add a bit more more. What can you do? In this case, among others, investing in […]