Call Us Today!  (972) 473-4700

Expert retirement income planning for families and individuals nationwide

Avoid FOMO Investing Mistakes

Tuesday, January 9th, 2018 and is filed under Financial Planning Tips

fomoFOMO. The fear of missing out. The compulsion to keep up with the Joneses can reach every corner of our lives: purchases, lifestyle, and even investing. Have you ever felt it? Social media has brought this phenomenon to the forefront in recent years, but most people haven’t given much thought to how Fear of Missing Out could be driving their investment behavior.

People like to think that they make their financial decisions based solely on logic …but that may not be the case.

Two researchers from Stanford say when it comes to investing, what we fear most is not the risk of losing our money, but the risk that we might not do as well as our peers. This could mean taking on more risk than is pertinent in the hopes of big pay offs, or leaving too much money on the proverbial table when market euphoria hits. All because we’re afraid of missing out on the next big opportunity.

This strange phenomenon explains why and how bubbles in the stock market appear. Investors pile into certain “hot” sectors or stocks, and prices inflate to unsustainable levels.

So why do investors follow the same patterns over and over again? Strangely enough, a herd mentality emerges that allows investors to feel a sense of false security – the idea that everyone is doing it, so it must be a good idea – and shared loss. When everyone loses money together, it’s not as painful as being the only one to lose (or the only one to “miss out”). The shared loss makes it easier to shrug off losing money, which sets investors up to repeat their previous mistakes.

There is good news though. You can avoid FOMO on great monetary gains while still managing risk appropriately. One way to accomplish this is by moving a portion of your portfolio to a fixed index annuity.

A Fixed Index Annuity offers the potential to grow your money along with stock market indexes, and comes with a guarantee that your money is 100% protected from stock market losses.

If you’re looking for a way to secure savings for your retirement, you may want to consider re-allocating some your assets from risky positions to a fixed index annuity.

Are you in need of a financial FOMO intervention? Contact Dewitt & Dunn today to schedule a complimentary appointment with one of our experts.

Types of Annuities: Is Variable or Fixed Index Better?

Thursday, September 28th, 2017 and is filed under Annuity News, Financial Planning Tips, Retirement Income Annuities

Of the types of annuities, which is better, the fixed annuity or the variable annuity?As you explore your retirement options, you’ll likely encounter more than a few investment strategies.

Whether you’re close to retirement age or years away from it, making smart decisions at the onset is critical to reaping the most reward when that time comes.

Yet, with so many choices and so much jargon surrounding the industry, it can be difficult to determine exactly which path is the best one for you. From different types of annuities to IRAs and 401(k)s, there’s no shortage of places to put your money — if you can discern which place is best.

That might be why, according to a new survey, Americans revealed they’re less confident about their retirement earnings today than they were just one year ago.

One way to boost that assurance? Learn as much as you can about the choices you’re presented.

So let’s start simple. Read More

Compare the Best Annuity Companies

Friday, July 7th, 2017 and is filed under Annuity News, Retirement Income Annuities, Uncategorized

Compare the Best Annuity CompaniesWhen considering buying an annuity, one thing you’ll certainly want to keep in mind is that an annuity product guarantee is only as good as the financial strength and claims-paying ability of the issuing insurance company. Therefore, you will want to compare the best annuity companies and take great care when choosing an annuity provider.

At Annuity Watch USA, we fully understand your need to research annuity providers, so we’ve put together some great tools to help you compare annuity companies and make the best choice possible for your annuity purchase. Read More

Annuity Payout Rates

Friday, June 2nd, 2017 and is filed under Annuity News, Retirement Income Annuities

Annuity Payout Rates Explained by Annuity Watch USAIn our last article, we talked about growth guarantees that help maximize the income value of Fixed Index Annuities. With income in mind, let’s shift our focus to annuity payout rates.

One of the most important things to look for when considering the purchase of a fixed index annuity is the annuity payout rate. Why? The payout rate is the #1 key to maximizing your retirement income potential. So, you’ll want to get a solid grasp on the concept of payout rates, but if you have any questions that are not answered in this article, please contact us for more info and we’ll be glad to help. Read More

Retirement Annuity Crediting Methods – Monthly Sum

Monday, April 17th, 2017 and is filed under Annuity News, Financial Planning Tips, Retirement Income Annuities

Retirement Annuity Crediting Method - Monthly SumIn our series on retirement annuities, we have previously covered the four types of annuities, fixed index annuity basics, principal protection, and one of the types of annuity crediting methods – the point to point annuity crediting method. In this article, we will discuss another crediting method called monthly point to point, which is also known as monthly sum crediting. Read More

What’s Wrong with Annuities?

Thursday, August 20th, 2015 and is filed under Annuity News, Retirement Income Annuities

What's wrong with annuities?Let’s just get it out in the open. Annuities have a reputation for being the bad boys of the investment world. And, not in a good, Marlon Brando kind of way. For many, the word “annuity” conjures up visions of evil insurance agents lurking around every corner ready to pounce on little old ladies and their pension funds.

It’s really a shame that annuities have such a bad rap because not all annuities are created equal. And, given the recent market volatility that has done a number on many people’s retirement savings, fixed index annuities deserve a good hard look. Read More

Power-Up Annuities for Steady Retirement Cash Flow

Monday, October 6th, 2014 and is filed under Annuity News, Retirement Income Annuities, Uncategorized

Annuities for Retirement Cash FlowOutliving retirement savings. That’s what many retirees—and those approaching the retirement ranks—cite as their number one fear. Generating reliable streams of retirement income used to be a straightforward process, one with little deviation. Investors would assemble a balanced portfolio of stocks and bonds (in the tried and true 60/40 stock-bond ratio) and withdraw four percent per year. These withdrawals would supplement income streams from social security, pensions, part time employment, and other investments such as rental property.

But that doesn’t work anymore. Read More

This Week in Annuity News

Saturday, September 13th, 2014 and is filed under Annuity News

Latest Annuity News

Read More

This Week in Annuity News ~ Ending Aug. 16, 2014

Saturday, August 16th, 2014 and is filed under Annuity News

Latest Annuity News

This Week in Annuity News ~ Ending Aug. 2, 2014

Saturday, August 2nd, 2014 and is filed under Annuity News, Retirement Income Annuities

Latest Annuity News