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The Truth about Qualified Longevity Annuity Contracts (QLACs)

Ever since the IRS and the Treasury Department made the monumental announcement that longevity annuities (aka deferred income annuities, aka your own “private pension plan”) can now be allowed in qualified retirement plans such as 401(k)s, 403(b)s, and IRAs, there has been a ton of chatter about these qualified longevity annuity contracts (aka QLACs). Sadly,  Click to Continue


Seven Reasons to Love Annuities

Baby Boomers rule! Their numbers are large and their money is substantial. They may list “having good health” as their # 1 retirement concern, but it is closely followed by # 2, “being financially secure”. Secure, safe, protected. This group longs for guarantees. Guarantees that will change the annuity industry forever. According to Stan Haithcock,  Click to Continue


Using Longevity Annuities in 401ks Just Got a Bit More Enticing

Longevity Annuity, aka deferred income annuity, aka longevity insurance is one of the fastest growing insurance vehicles in the country, and certainly the fastest growing annuity in 2014. And with the latest news today involving the Treasury Department announcement concerning annuities inside of 401(k) plans, these longevity annuities in 401ks are poised to help this  Click to Continue


5 of the worst things to do with your money

A recent article by Lisa Scherzer, of the Exchange on Yahoo finance, highlights 5 key mistakes to avoid making with your money.  She talks about how these mistakes can be made everywhere along the budget line, at grocery stores, the bank, the housing market, the stock market, even family expenses like allowances for children supplementing  Click to Continue


Stoked on Stockton Bankruptcy or Income Riders to the Rescue?

They say that bankruptcy is when you go from a credit rating to a credit rotting. So it is with the city of Stockton in California which is headed to bankruptcy court. I recently helped an advisor in Santa Monica with a portfolio of Municipal Bonds that included several California General Obligation Bonds. She had  Click to Continue


Are we all Closet Indexers Now?

We are all Keynesians now is a phrase attributed to Richard Nixon as he embarked on a massive increase in public spending prior to being shamed out of office in 1974.  Nixon is more remembered for the travesty of Watergate, ending the Vietnam War, and opening the door to China (which will probably surpass the  Click to Continue


Income Annuity Sales Increased in Q4!

The fixed indexed annuity market sales have been down recently, but there is a bright spot.  Income annuities experienced in an increase in sales in Q4 of 2012 which is continuation of their trend over the previous 4 quarters.  Income annuity sales reached $2.38 billion in Q4 and $9.2 billion for 2012, both new record  Click to Continue


Afraid you will run out of money in your 90’s?

Afraid you will run out of money in your 90’s?   Don’t be, take action now to ensure you will have an income stream you cannot outlive.  By sitting down with a retirement income specialist who can evaluate your retirement needs you will be able to develop a strategy to replace your fears.  Utilizing immediate  Click to Continue


Is Clark Howard Wrong About Reduced Debt?

A Financial Adviser calls his client and says that he has bad news and worst news. Which would the client like to hear first? “The bad news,” the client says. “All your money will be gone in 24 hours”. “What’s the worst news?” To which the advisor says “I should have made this call yesterday”.  Click to Continue