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:

 

Couple settles with medical school for $10M for toddler's brain injuries - NJ.com

NJ.com

Couple settles with medical school for $10M for toddler's brain injuries
NJ.com
Brown said the settlement was reached and recorded on June 10 before Superior Court Judge Frank Ciuffani in New Brunswick. The law firm said the $10 million sum has been divided into multiple structured settlements to care for all of the family's .

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Derenne at home helping attorneys structure settlements - Wisconsin Law Journal

Wisconsin Law Journal

Derenne at home helping attorneys structure settlements
Wisconsin Law Journal
Derenne at home helping attorneys structure settlements. By: MaryBeth Matzek, Special to the Wisconsin Law Journal June 5, 2015 7:16 am. Charles Derenne feels fortunate he got in on the ground floor of the structured settlement planning industry as it .

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Safety and Security as Part of the New Normal - Connecticut Law Tribune

Safety and Security as Part of the New Normal
Connecticut Law Tribune
It may surprise members of the Connecticut bar, but structured settlement annuities and indexed annuity placements increased in the first quarter of the year, while sales in other annuity segments declined, according to a May report released by Life .

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Company Shares of J.G. Wentworth Company (The) Drops by -6.61% - News Watch International

Company Shares of J.G. Wentworth Company (The) Drops by -6.61%
News Watch International
J.G. Wentworth Company, formerly JGWPT Holdings Inc., is a direct response marketer that provides liquidity to its customers by purchasing structured settlement, annuity and lottery payment streams, as well as interests in the proceeds of legal claims .

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Overlooked Tax Considerations in Structured Settlements - Connecticut Law Tribune

Overlooked Tax Considerations in Structured Settlements
Connecticut Law Tribune
Settlements are typically stressful. Among the various objectives that need to be covered in a settlement, taxes tend to be last on the list of considerations. Claimants need to understand the tax consequences of their choices, and advisers need to .

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Structured Settlements: Are Loans a Good Cash Option? Attorney Matt Bracy . - Legal Broadcast Network (blog)

Structured Settlements: Are Loans a Good Cash Option? Attorney Matt Bracy .
Legal Broadcast Network (blog)
Beneficiaries of structured settlements sometimes sell the settlement payments in order to receive a lump sum of cash in a shorter term. However, taking a loan against the structured settlement payments is another option. In this report attorney Matt .

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Pension Company Adds Leading Structured Settlement Brokers, Builds West . - Virtual-Strategy Magazine (press release) (registration) (blog)

Pension Company Adds Leading Structured Settlement Brokers, Builds West .
Virtual-Strategy Magazine (press release) (registration) (blog)
The Pension Company (TPC) today announced that two structured settlement consultants with extensive industry experience have joined the company, one of whom is building TPC's West Coast presence. James J. Brady, who has opened offices in both .

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