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Archive | April 7, 2013

What is a Penalty Free Withdrawal?

In an ongoing effort to educate the consumer on some of the intricacies of annuities, I wanted to cover “Penalty Free Withdrawals” offered on most Deferred Annuities.  This is a feature offered to give the consumer some liquidity, or access to cash, within the account value of the annuity.  Some annuities, primarily immediate annuities, do  Click to Continue


Wealth & Women

Women currently hold 51% of America’s wealth and by 2020 will control two thirds.  Women are always looking for quality providers and when advisors take the time to connect, they can be amazing advocates for your practice.  Companies like Fidelity and Pax World have tapped into this market and have created seminars and programs to  Click to Continue


Senior Debt

In the past decade, America’s seniors saw the biggest jump in debt relative to other age groups. According to a recent Census report, the median level of debt among 65 and older households rose 120% between 2000 and 2011. Unlike 20 or 30 years ago, when most seniors had paid off their mortgage on their  Click to Continue


What are Annuity Caps?

You may have heard of a cap on your annuity, but what does it mean?  When you see a cap associated with your annuity or your advisor mentions a cap in your annuity it means that your gains are capped.  The simplest way to think about a cap in an annuity is that you participate  Click to Continue


Does the Fed Hate Savers?

James Surowiecki of The New Yorker, argues that this criticism is wrong, or at least misguided.  We know that low rates affect the caps and rates of indexed annuities considerably.  Check out this interview from Yahoo! Finance by clicking on the picture below.


What is a Fixed Index Annuity?

Annuities are often criticized for being complicated and confusing.  However, an index annuity is like a traditional annuity, but it is also linked to a market index (such as the S&P 500, Dow, etc.).  In a traditional fixed annuity, you are guaranteed a fixed rate of return and you don’t participate in any market activities.   Click to Continue


CFP Board Publishes First Handbook

The Certified Financial Planner Board of Standard’s first book hit shelves this week, marking its first endeavor in the publication world.  The book, titled CFP Board Financial Planning Competency Handbook, is meant to be a comprehensive handbook for financial planners, candidates for the CFP certification, and anyone interested in the financial planning industry.  The book’s  Click to Continue