What do boomers think about fixed indexed annuities?
Last week, we asked seniors what they thought of fixed indexed annuities (FIAs). Now, we give boomers a chance to give their opinion on this important retirement product. Have they ever owned one? If...
View ArticleAdvisors: Annuities Are Most Requested Product
Source: Source Media, Inc. Advisors report that clients request annuities more than any other unsolicited product, according to new research from Cerulli Associates. Annuities ranked sixth in 2011, but...
View ArticleReport: annuity fee income in 2012 surpasses 2011 total
Income earned from the sale of annuities at bank holding companies in the first half of 2012 hit $1.58 billion, up 3.4% over $1.53 billion earned in first half 2011, new research reveals. The “Michael...
View ArticleConsumers Demand Indexed Annuities
Just fifteen years ago, I was hard-pressed to find any information about indexed annuities in the public domain. Nothing was ever found in the newspaper or at the library; not even on that confounded...
View ArticleNearly half of boomers failing to maximize Social Security benefits
Individuals are failing to maximize their Social Security retirement benefits, according to a new report. BMO Retirement Institute, a unit of BMO Financial Group, published this finding in an October...
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Insurance Basics 101: Annuities vs. Life Insurance
Today’s most common method of financially planning for retirement is by investing in a 401(k) or IRA. However, many of your clients may feel it is impossible to save enough money for a comfortable...
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The Top 5 Reasons to Start Planning for Retirement Today
Imagine what your future would be like if you could convince your client to start saving for retirement now. Just think of how much better off (s)he would be later on in life if you were able to get...
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Dealing with DOL’s New Fiduciary Rule
Dealing with DOL’s new Fiduciary Rule is no simple matter. That’s why we’ve written a few ideas on doing just that. Let’s start with the basics. When is the Fiduciary Rule effective? When originally...
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Insurance Basics 101: Annuities vs. Life Insurance
Annuities and Life Insurance both seek to address the needs of clients pondering how to provide for themselves and/ or their families with retirement and end-of-life expenses. These two types of...
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Economy 101: Do People Really Need Life Insurance Companies at the Moment?
Well, we know that a smidge of common sense influences each individual and family’s financial decision-making. We can spend more when we have more, and we should avoid going into debt for things that...
View ArticleStudy Shows Millennials are Looking for Retirement & Income Planning Guidance
“The secret of getting ahead is getting started.” Mark Twain Throughout one’s working life, it’s not always about saving judiciously and investing wisely. Such efforts can fail to pay off without that...
View ArticleRetirement & Income Planning: How to Save for Retirement If You’re a Millennial
If you’re concerned about having enough to live on when you retire, you’re right in step with other Millennials. Seventy-two percent of Millennials are already saving for retirement, and the average...
View ArticleRetirement & Income Planning Can Protect Against ‘Shortfalls’
‘Nearing retirement’ comes with a special sense of urgency about the financial security of our retirement years. Worse case, after a portfolio analysis, we see the red flags on the horizon that may...
View ArticleHow Millennials Can Achieve Early Retirement with Annuities
Have you ever wondered what it’s like for people who make millions of dollars early in life and seem to take an early retirement? Most of us wish there were a way to enjoy all that free time while...
View ArticlePlan Your Investment Strategies Around Both Your Current Taxes and Your...
Reaching a higher tax bracket can cost you money, but not in the way most people think. Making $37,951 instead of $37,950 in 2017 doesn’t mean the entirety of your money is taxed at 35%, just that last...
View ArticleIncome & Retirement Planning to Combat the ‘Stealth Tax’
Seeking the right advice for retirement planning throughout one’s working years is key to building a balanced portfolio. In fact, those savings years is referred to as the “accumulation phase,” in an...
View ArticleFive Ways to Reduce Debt Before You Retire
You’re probably anxious enough about how far your money will stretch in retirement without having to factor in paying down debt on a set income. Even if you’re confident that you’ll be comfortable in...
View Article5 Ways for Retirees To Downsize And Stay In The Family Home (Part 1)
As a person gets older, they begin to slow down. An odd side-benefit of the lowered energy and mobility is the decreased need for things like groceries, clothing, and even the power bill. After...
View Article5 Ways for Retirees To Downsize And Stay In The Family Home (Part 2)
Welcome back to the second half of our fantastic two-part article on how to ‘age in place’ by staying in the family home but still receive most of the financial benefits of downsizing to a small...
View ArticleBuilding Profitable Hobbies That Can Enhance Your Income After Retirement
Thinking about retirement is something that we’re all advised to do in a general way but in reality, everyone does it a little differently. Maybe you have life insurance or maybe you don’t. Maybe you...
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