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Have You Accidentally Left Your Spouse Without the Annuity Benefits He or She Expects?

September 19, 2018

Many a married couple is going to be in for a surprise. When one of you dies, the annuity may not behave the way you think. These contracts are complicated, with lots of moving parts. Unless you buy right—and title the annuity correctly—you might not get all the benefits that you thought you paid for.…

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If You Already Have an Annuity, Should You Switch to a New One?

September 17, 2018

Yes, if you’re in a fixed-rate annuity and the insurer is stiffing you with a truly rotten rate—say, 3 percent in a 4.5 percent world. Switch to a CD-type annuity instead. Yes, if you’re in a high-cost variable annuity and will switch to a low-load annuity. Probably, if you’re in a high-cost variable annuity and…

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If You Inherit an Annuity, How Are You Taxed?

September 14, 2018

If you inherit a tax-deferred annuity from your spouse, you have all the same withdrawal options that your spouse would have had. You can keep the annuity, switch to another one (in a tax-free exchange), or take the money out on whatever schedule the contract permits. Ordinary income taxes are due on the earnings when…

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The Low-Load Annuity Advantage

September 12, 2018

If you think you are a candidate for an annuity, go low-load. Their costs are small, compared with the rest of the products on the market, and you can take out your money whenever you want, without paying a penalty. Low costs, total flexibility. Why would you look at anything else? It may take only…

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Variable Annuities – Bad Buys on Their Own, Risky with Income Guarantees

September 10, 2018

On the surface, variable annuities (VAs) seem heaven-sent to anyone who buys mutual funds. You generally start the annuity with $10,000 or $15,000, depending on the company. That money is invested in mutual funds—subaccounts, in an annuity, speak—and accumulate tax-deferred. There’s the usual range of investment choices: U.S. stocks, international stocks, bonds, and a balanced…

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Equity-Indexed Annuities – An Investment to Avoid!

September 7, 2018

Run, run, run from the investments known as equity-indexed annuities (EIA). All too often, they’re sold deceptively, to people who don’t understand how they work, by salespeople who are making a killing in commissions. Attorney generals in several states have brought and settled class-action lawsuits against companies that sell EIAs. FINRA, which regulates securities firms,…

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Are Your Fixed Annuities Safe?

September 5, 2018

It depends. Fixed annuities are backed by bonds and other assets in the insurance company’s general account. They’re valued at the cash guaranteed in the contract plus any interest that has been credited. Failing insurance companies are placed into rehabilitation. If another insurer buys the business, your current interest rate should be good (although it…

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How to Lower the Risk of Getting a Poor Fixed Annuity

September 3, 2018

It is recommended that you buy only CD-like, multiyear annuities that pay a fixed rate over a specified period of time. This is because you know exactly what you’re getting. At the end of the term, the insurance company has to offer you another good rate to keep your business. It can’t play games with…

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How to Shop for a Fixed Annuity

August 31, 2018

When you go to purchase an annuity, the annuities are listed by term and show the insurance company’s financial soundness rating, the minimum purchase, the guaranteed interest rate, any bonus rate, and the yield to surrender, which is the yield that counts. how to sell annuities Prudential Annuities Go for the multiyear, CD-like annuities, not…

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Motion Attracts Trade Show Visitors

Motion Attracts Trade Show Visitors

August 29, 2018

Motion attracts visitors at trade shows. Sales increase up to 50% when motion is added to point-of-purchase displays. Trade show booths can also benefit from the use of motion. Use materials that attract light, like metallic foils and neon colors. Backlit graphics, bubbling water towers, and revolving signage can also help attract visitors. If using…

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