Annuities

Sleep Insurance

I’ve noticed as I’ve aged that getting a good nights sleep is not always easy. Now just imagine if I was worried about my retirement funds how I would be tossing and turning!

Through the last 9 years we have had two cycles where the stock market dropped as much as 50%. Some people had accounts drop even more and of course if you had your money in Enron at the beginning of the decade or with Bernie Madoff or any number of others you were completely wiped out.

Whether you read this article in the beginning of the year or later in 2010 a great question to ask yourself is “What are my financial goals this year”?

The most valuable asset you have is your IRA. In 1975 the government established individual retirement accounts, aka IRA’s, to be held at a custodial institution - a bank or brokerage firm – which can be invested in anything the custodian allows including Annuities, Stocks, Bonds and Gold. Transactions in the account including interest, dividends and capital gains are not subject to taxes while still in the account .You deposit money free of any tax until you decide to withdraw it.

Financial magazines, newspapers, TV programs, and local communities have battered the reputation of a very strong and useful financial product, the annuity. In many cases, the most outspoken opponents of annuities are those who are not licensed to offer them or don’t really understand them.

ANNUITIES MAY BE THE ONLY SAFE HAVEN

A Change in My Position

Annuities and life insurance are an excellent way for you to prepare for retirement and both products should be considered for a solid financial portfolio.

Although they both have death benefits, the benefits are applied under different circumstances. In essence, life insurance benefits are applied in the event you die too soon and annuity benefits are applied if you live too long.

Another way to look at it is life insurance protects your loved ones if you die before your financial obligations are met and annuities protects you if you outlive your retirement assets.

More Straight Talk About Annuities

The annuity world has always been a mystery to most people, and most people buy the wrong one. They are manipulated by sales people seeking the highest commission. Don’t be fooled into buying an annuity based on what the stock market may or may not do! What you should be buying is a guaranteed fix rate annuity backed by the assets of both the insurance company and your state insurance fund, with a death benefit that allows you to avoid probate.

Advisor World has announced that their company is now offering Free Customized Annuity Rates Comparison Reports to investors interested in adding annuities to their financial portfolio

AdvisorWorld.com Inc. has announced its partnership with National Brokerage to provide the investor and broker with quick access to tools and information that support the Life Insurance Annuity decision making process.