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:

 

Custom Structured Settlements, LLC Touts the Merits of Venture Solutions - Benzinga

Custom Structured Settlements, LLC Touts the Merits of Venture Solutions
Benzinga
To illustrate their differences, James Smyth, Executive Director of Custom Structured Settlements, LLC, and Arthur Jensen, Senior Tax Director of Custom Structured Settlements, LLC, list the following three tips: No. 1: Attorneys: Attorneys provide .

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JG Wentworth markets $140.5M structured settlement ABS - Asset Securitization Report (subscription)

Asset Securitization Report (subscription)

JG Wentworth markets $140.5M structured settlement ABS
Asset Securitization Report (subscription)
J.G. Wentworth is sponsoring its second securitization of the year in a $140.5 million bond sale backed by receivables from term structured-settlement receivables. J.G. Wentworth XXXIX LLC Series 2017-2 includes a $125.3 million Class A series of notes .

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JG Wentworth's (JGWE) CEO Stewart Stockdale on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha

JG Wentworth's (JGWE) CEO Stewart Stockdale on Q2 2017 Results - Earnings Call Transcript
Seeking Alpha
We define Segment Adjusted EBITDA as our net income or loss under U.S. GAAP before non-cash compensation expenses, provision for or benefit from income taxes, amounts related to consolidation of the Structured Settlements, securitization and .
Reports Second Quarter 2017 ResultsBusiness Wire (press release)
JG Wentworth Co (JGWE) Posts Earnings Results, Misses Estimates By $0.55 EPSTheOlympiaReport

all 9 news articles »
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Civil practice EUR Structured settlement EUR Purchase - Massachusetts Lawyers Weekly

Civil practice EUR Structured settlement EUR Purchase
Massachusetts Lawyers Weekly
Where a limited liability company has requested court approval of an agreement to purchase for $17,165 a structured settlement worth $27,395.90, the request should be denied under G.L.c. 231C, §2, as the proposed transfer of payment rights is not in .

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Attorney General's office and attorneys spar over settlement for lead paint victims - Baltimore Sun

Baltimore Sun

Attorney General's office and attorneys spar over settlement for lead paint victims
Baltimore Sun
The Maryland attorney general's office is seeking to block a settlement for lead-paint victims who sold off their structured settlements for pennies on the dollar, arguing they are entitled to far more restitution. The attorney general's office and .

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He forged signatures of judges over 100 times. Now this lawyer is going to jail - Miami Herald

Miami Herald

He forged signatures of judges over 100 times. Now this lawyer is going to jail
Miami Herald
Camacho, of Virginia Gardens, specialized in handling what are known as EURœstructured settlements,EUR in which a party in a financial dispute agrees to payments over a set period of time rather than in one lump sum. The deals have to be approved by a judge .
Miami Atty Gets Year In Prison For Forging Judges' SignaturesLaw360 (subscription)

all 2 news articles »
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