Income Strategies

Why Selling Fixed Annuities for a Cash Lump Sum May Not be a Good Choice

You may have seen the commercials on TV about selling your annuity for cash. This is a business format that’s about as old as annuities themselves. These companies will offer to buy a stream of future payments that your annuity provides from you in exchange for a lump sum of cash. One problem is that these transactions are usually designed to make money for the company buying your annuity, rather than ensuring you get the best value for that annuity. Selling your annuity might seem like a good idea in a pinch, but in the end, it could cost a lot more than you anticipated.






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How Much of Your Retirement Savings Should Be in a Fixed or Fixed-Indexed Annuity?

Allocating retirement assets is a delicate balancing act and one that must be looked at on a deeper level than high risk and low risk. Instead, it might help to work backward and start with how much you need to live on to cover your mandatory and optional expenses. For some, fixed and fixed-indexed annuities can fit in by supplementing that income to cover some of those future mandatory costs.






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Worried About Outliving Your Retirement Savings? How a Longevity Annuity Could Help

As life expectancy continues to increase and more options to pay for medical care later in life become available, we’re finding that more and more retirees are concerned about the possibility of outliving their retirement savings. When our financial professionals sit down with our clients and come up with possible plans to address this concern, we sometimes explore an annuity option that many people don’t know about — the longevity annuity.






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