Long-Term Care Annuity: How Does it Work?
Blog Author: Kari MelloneA long-term care annuity is a traditional annuity with a rider designed to help individuals cover the expenses of long-term care services, such as nursing home care or in-home assistance. A long-term care (LTC) annuity can be a wise investment because this investment vehicle has tax advantages that ...
Multi-Year Guaranteed Annuity – How to Choose the Right MYGA
Blog Author: Gabe TaylorAn annuity can provide a reliable, steady income stream and has numerous financial benefits compared to other investment options.
Mistakes to Avoid When Buying an Annuity
Blog Author: Gabe TaylorAs with any impactful financial decision, there is much to consider when purchasing an annuity. You will want to make sure the product you choose is ideal for you and your financial goals. Let’s look at some of the biggest mistakes to avoid when buying an annuity.
Why or Why Not Have an Annuity?
Blog Author: Gabe TaylorAnnuities are a valuable tool that can shape a retirement plan and give security to those who can’t afford to heed the risk that other financial growth products have. Just like other insurance products, annuities come in many shapes and sizes. In this section, we will look at who might be a good ...
Financial Planning As You Retire
Blog Author: Tom PetersonPlanning for retirement can bring many emotions – excitement, confusion, and even fear of the unknown. Having confidence in your financial well-being is one of the best ways to establish a joyful retirement. Here are some points to consider as you prepare to retire and plan financially for your ...
When you shop at Amazon or Target, or visit restaurants and retail businesses, ratings help you decide what and where to purchase. This is also important when making impactful decisions, such as selecting a health plan or making a financial decision. Before investing in an annuity, it’s a good idea ...
Understanding Multi-Year Guaranteed Annuities
Blog Author: Tom PetersonWhat is a MYGA? MYGA stands for Multi-Year Guaranteed Annuity. This specific type of annuity offers a guaranteed fixed interest rate for an established period of time selected by the owner (e.g. 4% for five years). The interest compounds daily, which allows for quicker growth opportunities.
With multiple kinds of annuities available, it is important to know how each of them works. Looking at an annuity in its entirety, the common goal is to increase the value of the amount vested and ultimately leave you with even more money. Let us start with the most predictable of the options, a ...
An annuity can play an important role in your retirement. Whether you are trying to increase your retirement savings, control some tax exposure while accumulating, or need guaranteed income, there are annuity solutions that you should consider. Let’s have a look at what an annuity is, the different ...
