Are you on the cusp of retirement or in its early phases and thinking about relocating to a city more pleasant and conducive to your lifestyle? And with a reasonable cost of living? Think twice about coastal towns. These tend to be pricey and may ... Read more The post 2024 Top 8 Places to Retire in the U.S.  first appeared on Annuity FYI ..read more

The shift toward fee-based annuities continues to gain traction as insurance companies adapt to regulatory changes, particularly after the introduction of the Department of Labor’s fiduciary rule. Major firms have been expanding their fee-based variable and index annuity offerings. These products aim to better align ... Read more The post Fee-Based vs. Commissionable Annuities first appeared on Annuity FYI ..read more

Many Americans are now living to age 100 and beyond, and while this is a positive trend, it can present financial challenges. Living a long life means planning carefully to avoid outliving your savings. To help ensure financial security in retirement, it’s essential to prepare ... Read more The post Annuities Can Help You Afford Living to 100 first appeared on Annuity FYI ..read more

People often purchase fixed annuities for two main reasons: their principal is safeguarded, and they receive a fixed rate of return, along with the option for lifetime income payments. However, Bob Richards of Learn Bonds highlights additional benefits of fixed annuities in his article “Other ... Read more The post Lesser Known Fixed Annuity Benefits Include Protection from Lawsuits first appeared on Annuity FYI ..read more

The Jackson Life LifeGuard Freedom 6SM Net Guaranteed Minimum Withdrawal Benefit (GMWB) is available as an optional rider on Jackson National’s Perspective II variable annuity. This rider provides a guaranteed minimum withdrawal amount for the lifetime of the annuity holder, regardless of the investment performance. ... Read more The post GMWB’s and Death Benefits From Jackson Life first appeared on Annuity FYI ..read more

“A bank executive talked my 90-year-old mother-in-law into purchasing an annuity to increase her yield from a CD. Is this a mistake (considering her advanced age), or was it a good move to avoid probate in the case of her death?” Whether the annuity purchase ... Read more The post Real World Scenarios: Annuity for a 90-year-old first appeared on Annuity FYI ..read more

According to InsuranceNews.Net Athene Life and Annuity continues to dominate as the leading annuity seller, but two insurers—one traditional and one more modern—made notable gains in the LIMRA first-quarter sales rankings. Nationwide, a traditional life insurer, secured the fourth spot in Q1 sales with $5.3 billion, rising from seventh place in 2023, according to LIMRA’s U.S. Individual Annuity Sales Survey. Meanwhile, Global Atlantic, owned by private equity, jumped from 11th in 2023 to seventh, achieving $4.25 billion in Q1 sales. Athene maintained its commanding lead with $9.7 billion in sa ..read more

Immediate annuities guarantee income: You pay a sum of money to an insurance company, and the firm provides you with a stream of payments that can last a lifetime. Payments begin as soon as 30 days after purchase. According to Rob Williams, managing director of wealth management at Charles Schwab, and NerdWallet, now may be a good time for retirees to purchase an immediate annuity because payouts are at their highest in a decade. As with any investment, before purchasing an immediate annuity, you’ll want to consult with a licensed financial advisor. Why Think About an Immediate Annuity Outli ..read more

Are you thinking about retiring? And what that could look like for you? If you are, your primary goal is most likely to be able to retire comfortably with a steady stream of income. New York Life reviews the safety of annuities.  Guaranteed Monthly Income for Life Annuities can assure that you have a steady monthly income for the rest of your life, and also the life of your spouse. Many retirees and annuity owners use this income for their day-to-day living expenses. It can also provide you the peace of mind that you won’t outlive your savings, which is known to be a common concern among ..read more

Forbes recently published an article called  “How to Buy an Annuity” by John Egan. This article includes tips to begin and continue the journey towards purchasing an annuity. A lot of retirees who could benefit from investing in annuities typically steer clear of them, and it is because many Americans underestimate how long they live. It is quite a loss in the long run, because according to Forbes, annuities have many upsides, and one is longevity.  “One of the biggest risks of retirement is outliving your money,” said Brian Walsh, CFP, manager of financial planning at SoFi. “If you ..read more