Who Buys Annuities?
TOTAL ANNUITY SALES TOPPED $232 BILLION IN 2018 SO KNOWING WHO’S BUYING THEM COULD HELP YOU TAP INTO A GROWING SEGMENT. Think that you know who buys annuities? You might be surprised. In September of 2018, the Alliance for Lifetime Income conducted the Protected Lifetime Income Index Study of 3,120 U.S. adults between the ages […]
Think You Know Who Buys Annuities?
There’s no way to tell just by looking at someone whether they own an annuity. They could look like coworkers, neighbors and friends as annuity ownership spans almost every economic class, age group and educational background. However, there are some interesting facts and figures that help paint a more detailed picture of the annuity landscape. […]
Volcanologist Finds Confidence in Annuity
Rosaly Lopes can recall the exact moment when she decided to become a volcanologist. “During my college days, I was taking this class — Geology of the Earth and the Planets — and one day the professor did not show up,” she explains. Eventually someone announced to the class that Mount Etna had erupted and […]
Her Annuity is Security in the Fast Lane
When Elaine Larsen started out in jet car racing, it was all about the adrenaline rush. At speeds of over 280 mph, Larsen has made a career out of going as fast as possible for five seconds down a straight and narrow quarter-mile track. So, to say she lives life atfull-throttle is an understatement if […]
Annuities Explained
Annuities are long-term financial products designed for retirement purposes. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. Optional income protection features are […]
Debunking Annuity Myths
There’s a lot of noise online about annuities — much of it misleading. Many people worry their money will be locked up or that annuities are far too complex to understand. In reality, most annuities allow you to access a portion of your money each year, and their variety is actually a strength, letting you […]
Annuity Myths About Fees and Commissions
Navigating your way through retirement can be challenging, especially when it comes to understanding annuity costs. There’s a common belief that annuities are too expensive or that their fees are hidden. In reality, annuities may be less costly than you think. Some have no direct costs at all, while for others, the fees reflect the […]
Is an Annuity an Investment or Insurance?
A common point of confusion many people have about annuities is whether an annuity contract is an investment or insurance. It’s an important issue because the characteristics that make an investment a proper choice to meet someone’s needs are entirely different from those that determine the value of an insurance product. What does that mean […]
Why Are There So Many Kinds of Annuities?
When it comes to pursuing retirement goals, people’s thoughts often turn to maintaining their lifestyle in their post-work years and being prepared for unexpected expenses. For many, a key aspect of these goals is knowing their retirement income plan features a steady stream of protected lifetime income. An annuity is a financial product designed specifically […]
Making Annuities Easier to Understand
One key to enjoying a comfortable retirement is feeling confident your money will last. That confidence, of course, is based on a knowledge of how and why your money will last. But when it comes to understanding annuities and the importance of protected lifetime income, consumers often run into a wall of confusing technical language. […]