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Imagine fearing life more than death. That’s a reality many Americans face as nearly 50 percent of Americans are afraid of outliving their income or their inability to pay for basic necessitates like healthcare, according to a new survey released by the IALC.
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 average life expectancies increasing, it is critical to have a thorough retirement plan that provides for adequate income to last a lifetime. To make sure your income lasts as long as you need it to, here are a few retirement pitfalls to avoid:
A recent poll by the National Institute on Retirement Security (NIRS) finds that despite the improvements to the economy, Americans are still feeling anxious about their retirement prospects. Indeed, a majority (55%) are “very concerned” about the current economic conditions … Continue reading
According to a recent Reuters article “annuities are like flat-screen televisions. They keep getting better and cheaper. As baby boomers move into retirement, the insurance industry keeps improving the quality of retirement-focused products they sell.” This increased product quality is … Continue reading
A recent LIMRA study found that 83% of fixed indexed annuity buyers reported being satisfied with their annuities and five in six would recommend annuities to others. Continue reading
According to the 2013 Fidelity Resolutions Study, the number of people making financial resolutions is at an all-time high and almost half of the survey respondents reported achieving over 80% of their financial goals last year. So what is the secret to success? Setting realistic and attainable goals is key to ensuring that you make good on your resolutions long after everyone else has thrown in the towel. Continue reading
One of the ways that many investors have chosen to add some balance to their financial plans, particularly in risky markets, is to consider a fixed indexed annuity. These products play an important role in a balanced retirement plan by providing principal protection, upside potential, guaranteed interest, and guaranteed income for life. Continue reading
With huge spending cuts hitting Americans at the same time as tax hikes, the economy could contract, resulting in a recession and subsequent market volatility. Given this uncertain situation, it’s important for those in or nearing retirement to evaluate their risk tolerance and adjust their financial plan accordingly. Continue reading