Annuities Explained - Are You Prepared For Retirement?

The requirement for individuals to take control of their own personal retirement plans is much more significant than it was in the past.

The old fall back option of the state pension or of a monthly pension check from your past employer isn't very likely to have the ability to provide anything over and above a simple way of life, and that is a tiny pay back for a lifetime of dedication and hard work.

The annuity is an investment vehicle that many folks find complex and also complicated to understand, nevertheless if you can become familiar with annuities they have the undeniable potential to make an individual's retirement a lot more secure and more enjoyable than would otherwise be possible.

Whether you have saved and invested your money and are now looking for a more reliable investment option or whether you are receiving payments from some sort of structured settlement payout and want to sell your annuity you need to realize that annuities are a long-term financial commitment that need conscientious planning, and there are numerous stumbling blocks that may trap the unwary.

Fortunately, learning about and becoming familiar with these unique financial instruments can pave the way for you to make some additional and very intelligent investment decisions. The very first important point to understand is the fact that annuities can differ significantly in the quantity of risk involved, and it is possible to customize them to line up with your personal needs.

Should you go with one that has a fixed rate, the interest you generate in the beginning phases will probably be fixed as well as guaranteed, delivering the most sound financial starting point possible with regard to your own strategic investment plan.

For people with other sorts of solid investments and can consider a somewhat higher profile of risk, you can attempt to get greater returns with variable annuities. The choices for investing your hard earned money tend to be much larger, so these may be attractive to individuals who would like to have more personal input. There's undoubtedly an increased exposure to risk when you're reliant to some degree upon the stock market, yet mindful selection of mutual funds can easily get the odds substantially on your side.

If you are a newcomer to this kind of purchase, it is important to have annuities spelled out for you. Prior to actually thinking about exactly where to invest your hard earned dollars, study as much as you possibly can regarding annuities on the web, and financial journals and publications. Once you have a good quality fundamental understanding of the topic, you will have the ability to speak to a financial adviser about your future in a thoughtful way. This really is crucial in taking your financial choices to the next level.

A mixture of fixed and variable annuities can provide you with an ideal combination of guaranteed future earnings, and the potential of better returns. Make sure if you select this course of action that you'll be able to commit to your investment plan for the long run. Among the big disadvantages of investing in annuities is that they will invoke penalty clauses should you cash them in prematurely.

You'll be able to sidestep this simply by ensuring you only dedicate what you are able to easily manage to keep up on a consistent basis. Be certain you completely understand and are completely informed of all related fees along with deductions prior to parting with any funds. It is possible to steer clear of the stumbling blocks, and profit significantly throughout your golden years, by honestly understanding annuities and having them explained to you.






 

Annuities News:

 

Emergent Capital, Inc. (EMG) Upgraded by Zacks Investment Research to "Hold" - BBNS

Emergent Capital, Inc. (EMG) Upgraded by Zacks Investment Research to "Hold"
BBNS
It provides customized liquidity solutions to owners of illiquid financial assets, which include life finance and structured settlements. Emergent Capital, Inc., formerly known as Imperial Holdings Inc., is based in Boca Raton, Florida. EURœ Separately .

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Ringler Associates Acquires Galaher Settlements, Sedgwick's Structured Settlements Business - Legal Broadcast Network (blog)

Ringler Associates Acquires Galaher Settlements, Sedgwick's Structured Settlements Business
Legal Broadcast Network (blog)
Under the terms of the purchase agreement, the entire Galaher team will join the Ringler organization and continue to serve the same customers. Sedgwick's president and CEO, Dave North, said that EURœSedgwick's customers . . . will be better served by .

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Sedgwick sells assets of one of its businesses to Calif. co. - Memphis Business Journal

Sedgwick sells assets of one of its businesses to Calif. co.
Memphis Business Journal
Ringler Associates, Inc. the largest settlement planning company in the country, purchased the assets of Sedgwick's structured settlements business, Galaher Settlements and Insurance Services Inc., as of Dec. 31. Galaher employees will join Ringler and .

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AIG Structured Settlement RICO lawsuit, what should planners do next? - Legal Broadcast Network (blog)

Legal Broadcast Network (blog)

AIG Structured Settlement RICO lawsuit, what should planners do next?
Legal Broadcast Network (blog)
Earlier this week a news rolled over the structured settlement profession in the form of a lawsuit filed in the US District Court, Boston MA, alleging a RICO type conspiracy by AIG and the structured settlement brokers who are part of their Agency .

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Business News: Confie, Ringler Associates, V3 Insurance Partners, TriageLogic - Claims Journal

Business News: Confie, Ringler Associates, V3 Insurance Partners, TriageLogic
Claims Journal
Under the terms of the purchase agreement, the entire Galaher team will join the Ringler organization and continue to serve the same customers. Additionally, Ringler will be Sedgwick's provider of choice for structured settlements plans for its customers.

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AIG accused of racketeering in structured settlement business - Reuters

AIG accused of racketeering in structured settlement business
Reuters
Insurance giant American International Group has been hit with a racketeering lawsuit accusing it of unlawfully charging successful personal injury and workers' compensation claimants thousands of dollars in undisclosed brokers' commissions. Filed on .

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AIG targeted in structured settlements RICO lawsuit - The Insurance Insider (subscription)

AIG targeted in structured settlements RICO lawsuit
The Insurance Insider (subscription)
AIG's property and casualty operation, through affiliates, "secretly" collected 4 percent commissions from annuities set up under structured insurance settlements arranged by approved brokers, a lawsuit brought by three people in a US District Court in .

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