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:

 

Protect the plaintiff from dissipation of settlement recovery - San Diego Source (subscription)

Protect the plaintiff from dissipation of settlement recovery
San Diego Source (subscription)
The structured settlement industry continues to thrive, even in this low interest rate environment. Over $6 billion are invested into structured annuities each year. Plaintiffs are seeking the safety and security of receiving tax-free annuity payments .

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Patent Protection for Drugs Puts Pressure on US in Trade Talks - New York Times

New York Times

Patent Protection for Drugs Puts Pressure on US in Trade Talks
New York Times
The Pacific accord is structured so that other countries can join in the future, and the belief on both sides of the pharmaceutical fight is that once 12 nations ratify rules, they will become international standards. Then there are politics .

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Keg death case settles for $1.2M - Foster's Daily Democrat

Foster's Daily Democrat

Keg death case settles for $1.2M
Foster's Daily Democrat
Terms of the settlement state that distribution of the money will be structured so provisions are made "for the future living expenses and education" for Harris' son, to be formalized in the Rockingham County probate court. The terms of the settlement .

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Moody's assigns definitive ratings to a J.G. Wentworth securitization of . - Moodys.com (press release) (subscription)

Moody's assigns definitive ratings to a J.G. Wentworth securitization of .
Moodys.com (press release) (subscription)
Moody's ratings on the Notes reflect its assessment of the quality of the court-ordered structured settlement payment streams, annuity receivables and lottery payments, the creditworthiness of the obligors, the servicing arrangement, and the structural .

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Class action seeks to void court orders transferring structured settlements - Madison County Record

Madison County Record

Class action seeks to void court orders transferring structured settlements
Madison County Record
Jennings and the Chicago board of education executed an assignment with Allstate Settlement as assignee and Allstate Life Insurance as annuity issuer, according to the suit. In 2010, Washington Square petitioned the circuit court of Sangamon County for .

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JG Wentworth Raised to "Hold" at Zacks (JGW) - sleekmoney

JG Wentworth Raised to "Hold" at Zacks (JGW)
sleekmoney
According to Zacks, EURúThe J.G. Wentworth Company is focused on key sectors, including structured settlement payment purchasing, annuity payment purchasing, and lottery payment purchasing and pre-settlement funding. The Company operates two brands, .

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Structured Settlements and Non-Qualified Assignments - Legal Talk Network

Structured Settlements and Non-Qualified Assignments
Legal Talk Network
A non-qualified assignment involves the transfer of a future periodic payment obligation arising from the settlement of a dispute from the defendant or its carrier to a third-party assignee. In this podcast, Ringler Radio host Larry Cohen and co-host .

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Law Firm Firm Accused of Faking Structured Settlement Approvals - Insurance Journal

Law Firm Firm Accused of Faking Structured Settlement Approvals
Insurance Journal
Stone Street Capital LLC sued a Manhattan law firm it retained to seek court approvals for structured settlements, claiming the firm gave them 76 fake judicial orders. The Maryland-based company, which purchases the rights to structured settlements .

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NICE Reports 6% Increase in Non-GAAP Revenue and 21% Increase in Non-GAAP EPS . - MarketWatch

NICE Reports 6% Increase in Non-GAAP Revenue and 21% Increase in Non-GAAP EPS .
MarketWatch
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: amortization of acquired intangible assets, re-organization expenses, restructures expenses, share-based compensation, certain business combination accounting entries .

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MetLife Announces Second Quarter 2015 Results - MarketWatch

MetLife Announces Second Quarter 2015 Results
MarketWatch
NEW YORK, Jul 29, 2015 (BUSINESS WIRE) -- MetLife, Inc. MET, +1.69% today reported the following results for the second quarter of 2015: MetLife reported operating earnings* of $1.8 billion, up 11 percent from the second quarter of 2014, and up 16 .

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