Annuities
Pros and Cons of Annuities
Annuities are one way to provide regular income during retirement. When you buy an annuity, you are basically asking the issuer to send you regular payments for a set period of time or the rest of your life. While there are many different types, it’s important to weight the pros and cons of annuities. Annuity…
What is a Fixed Annuity?
A fixed annuity provides a guaranteed income for investors, for retirement. You make payments to an annuity company, which then promises to pay you a fixed return on your contributions no matter how the market changes and fluctuates. Fixed annuities offer a simple and dependable source of investment income for your retirement plan. You…
Are Annuities A Good Investment?
If you are looking for a reliable income stream during retirement, annuities are a good investment. Annuities are guaranteed income, not an equity investment with high growth. Some do not consider annuities investments. Annuities are an insurance product that will provide guaranteed income in retirement. But they do provide an income for life. Another benefit…
Are Annuities a Good Investment in 2022?
During the pandemic, annuities bottomed out for the most part. Since the beginning of 2022, annuities have begun to trend up. Buyers who are generally retirees or those near retirement age, may find their payouts better than they were in January of 2022. This increase is expected to continue, if the Federal Reserve continues raising…
Insurance with Jim Rooney
Jim Rooney is the owner of Advanced Insurance Concepts. He built Advanced Insurance Concepts to allow him to serve his clients to the best of his ability and to find the best possible solution for their health, live and accident insurance needs. There are over 25 insurance companies; plus, all of the Medicare Advantage providers…
What is a Fixed Annuity and How does it Work?
A fixed annuity is a type of insurance contract that promises to pay the buyer a specific, guaranteed interest rate on their contributions to the account. With a fixed annuity, the insurance company guarantees both the rate of return and the payout to the investor. For example, if you purchased a fixed annuity at $175,000…
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