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:


JG Wentworth Co (The) (JGW) is Trading Lower on Unusual Volume for May 22 -

JG Wentworth Co (The) (JGW) is Trading Lower on Unusual Volume for May 22
The JG Wentworth Company provides liquidity to its customers by purchasing structured settlement, annuity and lottery payment streams, as well as interests in the proceeds of legal claims, in the United States. Headquartered in Radnor, PA, JG Wentworth .
Insider Buying: JG Wentworth major shareholder Buys $588210.66 in Stock (JGW)Mideast Time

all 15 news articles »

Attorneys Play Vital Role In Structured Settlement Annuities - Law360 (subscription)

Attorneys Play Vital Role In Structured Settlement Annuities
Law360 (subscription)
Law360, New York (May 19, 2015, 5:07 PM ET) -- Many personal injury attorneys recognize that managing large amounts of money and making complicated investment decisions can be overwhelming for physical injury claimants. Understanding the .


3 Of The 5 Big Bank Guilty Pleas Aren't All That They Seem To Be - Huffington Post

3 Of The 5 Big Bank Guilty Pleas Aren't All That They Seem To Be
Huffington Post
The Justice Department did not directly respond when asked why the guilty pleas for Citi, RBS and UBS were structured differently than those for Barclays and JP Morgan. While Citigroup, RBS Group Plc and UBS Group AG did not themselves plead guilty .

and more »

JG Wentworth to Enter Prepaid Card Market -

JG Wentworth to Enter Prepaid Card Market
The J.G. Wentworth Company, a structured settlement payments firm, has announced it will be partnering with FIS and MetaBank to establish a new prepaid debit card for its customers. FIS will act as the processor for the prepaid card, with MetaBank .


Structured settlements can last a lifetime - Buffalo Business First (blog)

Buffalo Business First (blog)

Structured settlements can last a lifetime
Buffalo Business First (blog)
When a personal injury case settles or a verdict is reached, the resulting award to the plaintiff is tax-free. If placed into a structured settlement, which is similar to a fixed annuity, payments to the injured person would continue tax-free for many .



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