Smart Annuity

What Are Indexed Annuities?

Sun, 26 Nov 2006 19:03:22 -0800

Kiplinger's Personal Finance discussed a few pros and cons about indexed annuities. In short, you need to study the fine prints and make sure you understand what you are about to buy. Like elsewhere in the spectrum of investments, there is no free lunch.

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How To Find The Best Fixed Annuity Coverage

Wed, 25 Oct 2006 22:28:39 -0800

To get the best fixed rate annuity coverage you definitely need to shop around to find a good deal. The easiest way to do this is to get on the Internet and start comparing insurance rates. There are hundreds of sites on the World Wide Web that specialize in offering charts and product sheets so that you can compare different offers side by side. These types of insurance comparison web sites that make it quick and easy for anyone to compare different offers and interest rates, even if you have never taken out insurance or a pension before. The reason that most people end up paying too much for their fixed annuity plans is that they don't bother to shop around for the best annuity coverage. It is such a tedious job that sometimes they just take the first deal that they run across. This is just not the way to go about shopping for the best fixed annuity coverage. You should at least go to the same type of time and trouble that you would to shop around to find the best credit cars, mortgage or car insurance. You should also do this in a short amount of time as it is inevitable that the insurance company will eventually ask for your social insurance number. This of course is used to check your credit rating, which can also have an impact on the rate of interest that you are offered. Another thing to look at, besides price is just exactly what the plan actually covers. Just because it is cheap does not mean it is the best fixed annuity coverage for you. Finding the ideal plan can mean taking many other things into consideration besides price including fees, the price of withdrawal penalties and the structure of the plan. Most of this information can be found in the fine print of your agreement with the company, which of course you should ask to see and read thoroughly before signing on the dotted line.

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How To Buy Annuities?

Tue, 19 Sep 2006 20:52:38 -0800

You might want to read the fine prints and have complete understanding of the annuity product you are looking at before you pull the trigger.

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How To Buy Annuities

Fri, 15 Sep 2006 10:39:48 -0800

Yes, it is important to understand annuity is not a standardized product, and it pays to spend time to compare and shop.

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Mix Annuity With Portfolio Investment

Thu, 14 Sep 2006 09:16:18 -0800

Money magazine argues that by properly allocating funds to annuity and stock/bond portfolio, one can substantially reduce the probability of running out of funds in retirement.

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Building Wealth With Annuities - Variable Annuity

Tue, 12 Sep 2006 09:09:34 -0800

Variable annuities may be a good alternative for your wealth building, but shop carefully since there are so many tricks.

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Building Wealth With Annuities - Fixed Annuity

Tue, 12 Sep 2006 09:07:36 -0800

Solely relying on fixed annuity is probably not a good idea for a robust retirement plan.

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Annuity Is Not Cure-All

Tue, 12 Sep 2006 09:01:50 -0800

Good job Walter! In this vivid example, Walter Updegrave explained why annuity is not a good choice for the retired man in this situation. In short, annuity is not a one-size-fits-all solution for all people in retirement.

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Annuity's Many Benefits #6: Benefits to Heirs

Fri, 25 Aug 2006 10:51:07 -0800