Posts Tagged “Annuity”
What is a Fixed Annuity and Who Should Buy Fixed Annuities?
By Jorge Hiram Garcia, Your Insurance Advisor | April 23, 2012
What is a Fixed Annuity, and Who Should Buy Fixed Annuities? Fixed Annuities are unique in that they offer a wide range of benefits for those planning for retirement. Not only can fixed annuities be used to fund their retirement but to protect their retirement fund they have a retirement plan in place. Fixed annuities [...]
The New Risk You Need Protection From: Living Longer Than Expected
By Jorge Hiram Garcia, Your Insurance Advisor | April 21, 2012
The number-one new risk consumers need to protect themselves against is longevity, or living longer than expected. To illustrate, if you take a husband and wife who are both 65, there is a 50/50 chance that one of them will live to age 92. There is a 25 percent chance that one of them will [...]
Five steps to help avoid a potential income drop in retirement
By Jorge Hiram Garcia, Your Insurance Advisor | April 21, 2012
Here are five steps you can take to help avoid a potential income drop in retirement. Research indicates many retirees may experience a potential income drop of up to twenty-eight percent in retirement. Many more indicate they may not have sufficient income to cover their monthly expenses. These retirement income gaps could force significant sacrifices [...]
The New Retirement Plan: What to Consider As You Plan For Retirement
By Jorge Hiram Garcia, Your Insurance Advisor | April 20, 2012
The new retirement plan requires careful thinking and consideration of today’s financial reality and circumstances. Today’s pre-retirees and retirees have a unique set of concerns and circumstances that their parents never had to deal with, such as a stock market crash that devastated their retirement savings and the disappearance of private pension plans. Today’s retirees [...]
Looming Retirement? Make a Retirement Income Plan To Guarantee Income For Life
By Jorge Hiram Garcia, Your Insurance Advisor | April 13, 2012
If you are contemplating retirement or are planning to retire soon, you’ll need to plan in order to make sure your retirement years are as comfortable as possible for you. One thing you need to do is to make a retirement income plan with your insurance advisor to make sure you don’t run out of [...]
New IRS Guidelines Help Consumers Buy Deferred Annuity Within IRA-401k
By Jorge Hiram Garcia, Your Insurance Advisor | April 11, 2012
There are many reasons why someone would prefer to use a deferred annuity within an IRA or 401(k) plan. For those clients who prefer deferred annuities within their retirement plans, the IRS reporting requirements have historically been so convoluted that they’ve served as a deterrent to such purchases even thought these purchases would benefit these [...]
What’s Good About Annuities? A closer look at the Fixed Index Annuity
By Jorge Hiram Garcia, Your Insurance Advisor | March 30, 2012
When I started in the insurance business, I started out as a fixed index annuity advisor for local school districts. Back then, these types of products were also called equity indexed products. My mentor taught me about annuities, and the value they provided. Once I learned that a fixed index annuity was just a retirement [...]
Funding For Retirement Income Poll Results from Generations X & Y
By Jorge Hiram Garcia, Your Insurance Advisor | March 10, 2012
A recent poll by Harris Interactive released the results of a study among investors between the ages of 21 and 50, and found that only a little more than one-third of investors are confident they will have enough retirement income or money for retirement. The study indicates that even though they understand how important planning [...]
Government Promoting Annuities…Finally
By Jorge Hiram Garcia, Your Insurance Advisor | February 9, 2012
Annuities are a great vehicle for retirement savings because they can help us make sure we have a guaranteed stream of income for a set period of time. We can even make sure we have a guaranteed income stream for life. The feds are now promoting annuities for these exact features to help retirees ensure [...]
Annuities can be extremely flexible financial instruments, but many consumers do not know, or understand, what an annuity is and how it fits into an investment portfolio. So, what is an annuity? An annuity is a financial instrument, or product, that provides a steady income stream through a series of payment distributions. An annuity is, [...]
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