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What Questions You Should Ask Before Purchasing a Fixed Indexed Annuity?

What should you do before sinking your hard earned money into one of the hottest investments around, fixed indexed annuities (FIAs)? First, get some background information on FIAs by doing some research. You should understand any financial product before plunking a portion of your retirement savings into it. Armed with that knowledge, here are six  Click to Continue

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Solution to a Rising Interest Rate Environment

A year ago when a client or prospect was approached by an advisor to move a portion of their “save money” into an annuity, some common objections were: “rates are too low”, or “why would I lock my money up now “what if interest rates start to rise?”  All are valid points.  And I’m sure  Click to Continue

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LTC and Nursing Home Benefits with Annuities

People are living longer these days.  That also means health care cost will not only last longer, but are also increasing each year.  The average stay in a nursing home these days is 3 years.  It absolutely makes all the sense in the world to purchase long-term care (LTC) insurance if you don’t already.  But  Click to Continue

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Enhanced Benefits of Annuities

Annuities can provide enhanced benefits in addition to the lifetime income stream, growth with 100% downside protection, and tax deferral.  I want to explain the benefits that provide Enhanced Death Benefits, Medical Benefits, Nursing Home Assistance, and Return of Premium.   Enhanced Death Benefits Enhanced Death Benefits are similar to how the lifetime income riders  Click to Continue

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Solutions for the Retirement Crisis

If you are a baby boomer, then you are no stranger to the term “retirement crisis”.  With healthcare costs on the rise and people living longer than previous generations, retirees are spending more and more money these days.  Now factor in the uncertainty of the Social Security program and the fact that 10,000 boomers turn  Click to Continue

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FED to taper QE, what does this mean for retirees and those approaching retirement?

  Federal Reserve Chair Ben Bernanke just recently announced that they Federal Reserve (FED) will taper its quantitative easing (asset purchasing) stimulus program.  This announcement sent the markets into a tailspin, dropping significantly at the end of last week.  With this announcement, the FED said the reasoning is that their signs that economy is strengthening  Click to Continue

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Safe Money Alternatives

When I talk about the term “safe money”, what I am referring to is simply money you can’t afford to lose.  Depending on your age, your safe money may be a larger or smaller portion of your portfolio.  If you are anything like my parents, the term safe money is talked about, and coming up  Click to Continue

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Avoiding the 10% IRS Penalty for Early Distribution from Qualified Plans

If you try to take money out of your IRA, 401(k), or any other qualified plan, you may be subject to a 10% IRS penalty if you are under the age of 59 1/2.  However, there are several exceptions to avoid this penalty. One exception is retiring early from your job.  If you retire early,  Click to Continue

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