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In order to guarantee a secure and relaxing retirement, staying informed and educated is crucial—and it is not as intimidating as people think. Here are 3 (simple) ways to start saving for retirement:
In 2015, Fixed Index Annuities (FIAs) saw record-breaking sales, an increase of 13% just since 2014, according to the LIMRA Secure Retirement Institute’s fourth-quarter U.S. Individual Annuities Sales survey. But why are FIAs gaining so much popularity? Below, we’ve outlined nearly everything you need to know about FIAs and why so many Americans are taking notice: Continue reading
The world continues to watch closely as the consequences of Brexit—Britain’s recent decision to separate from the European Union—unfolds. Financial markets in the United Kingdom (U.K.) are beginning to feel the impact of the decision, and many experts believe the country’s economy will likely experience a recession.
In the past, some consumers looked at Fixed Indexed Annuities, or FIAs, as “overcomplicated products,” that over-promised and under-delivered. That’s no longer the case. Even with today’s volatile market, these products have performed extremely well over the past 15 years. After raising the overnight rate this past December, Janet Yellen and the U.S. Federal Reserve kept rates stagnant in the first quarter of 2016, with global economic uncertainty as the main reason. If the Fed is unclear of the economy’s future, how can you make clear financial predications?
With the recent market volatility, those saving for retirement may be becoming more and more nervous about the stability and security of their retirement savings. While Americans may not have direct control over the stock market, there are things they can control when it comes to saving for retirement, and simple mistakes they can and should avoid.
When it comes to saving for retirement, many Americans are falling short. According to a recent study by the Financial Industry Regulatory Authority, more than 40 percent of Americans have no retirement savings. What better time to make a plan and start saving for your future than in the New Year? While many people vow to focus on their health during the New Year, it’s important to get your finances in shape, too.
2015 was a big year for Fixed Indexed Annuities (FIAs). From FIAs having their highest sales to-date to millennials displaying an increasing interest in the product, consumers are seeing FIAs more and more as a product they can fit into a balanced retirement portfolio. Continue reading
As we spend more time with loved ones over the coming weeks, it’s worthwhile to take some time and consider whether the family members and friends who are beginning to prepare for retirement are adequately prepared to step away from their jobs but continue to have financial security.