Posts Tagged “Financial Services”
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 [...]
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 [...]
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 [...]
Falling Reputations Hurt Financial Services Giants Where It Counts
By Jorge Hiram Garcia, Your Insurance Advisor | February 25, 2012
Companies in the financial services industry have been getting increasingly negative perceptions lately. The abuses of some have cast the entire industry in doubt. Recently, Harris Interactive’s 13th annual reputation poll, which ranks the opinions of American consumers regarding the reputation of the 60 most visible companies in the United States, published its results. Four [...]
Congressional Update: Stretch IRA Provision Removed
By Jorge Hiram Garcia, Your Insurance Advisor | February 22, 2012
A provision in Senate legislation that would have reduced the value of inherited IRA’s has been removed. Industry officials said an amendment introduced to S. 1813, the Highway Investment, Job Creation and Economic Growth Act, by Sen. Harry Reid, D-Nev., Senate majority leader, last Thursday, effectively killed the provision without the need for floor action. [...]
A Quick Review of the IRA Contribution Rules for 2011 as of February 2012
By Jorge Hiram Garcia, Your Insurance Advisor | February 15, 2012
A taxpayer who has earned income from a job may be eligible to make an IRA contribution. However, that taxpayer might not be eligible to deduct the traditional IRA contribution, make the contribution to a Roth IRA, or make a contribution to a spousal IRA. If the taxpayer is age 70½ or older by the [...]
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: What is a Charitable Gift Annuity
By Jorge Hiram Garcia, Your Insurance Advisor | June 17, 2010
A Charitable Gift Annuity is a type of Single Premium Immediate Annuity. Charitable Gift Annuities can be a great way to for the average person to help or contribute a significant amount of money to their favorite charity or church. With a Charitable Gift Annuity, a person can transfer cash, or marketable securities to a [...]
Recent Comments