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IRS Announces 2016 401(k) & IRA Changes

Monday, November 2nd, 2015 and is filed under Annuity News, Uncategorized

401k Limits 2016With the promise of a new year comes many things: resolutions, a chance to start over, and, of course, new tax legislation. The Treasury Department announced its inflation-adjusted limits for retirement account contributions, phase out limits, and available deductions for 2016, providing new guidance for Americans in the important retirement planning phases.

Despite hopes of expanded limits and additional savings possibilities, the IRS is not doing taxpayers any favors. With the cost of living index not rising enough to trigger limit increases, many thresholds will remain the same year over year. Read More

6 Retirement Planning Pitfalls to Avoid

Wednesday, June 3rd, 2015 and is filed under Annuity News, Financial Planning Tips, Uncategorized

For anyone who is preparing for retirement, maybe you’re not sure where to begin, or you made a budget a few years ago and haven’t followed up on it. Use these key areas to help you get on track with your retirement goals and to avoid falling into retirement planning pitfalls. Read More

Should I buy an income annuity?

Monday, October 20th, 2014 and is filed under Uncategorized

Should I buy an income annuity?Investors closing in on retirement and looking to secure future income would do well to explore deferred income annuities. Indeed many are, as sales of these products are accelerating.

On track to top $3 billion in 2014, sales of deferred income annuities totaled just $1 billion in 2012, according to LIMRA, an insurance and financial services association that provides marketing and research services. With a deferred income annuity, investors either pay periodic premiums, or pay their premium in one lump sum, to generate a guaranteed lifetime income stream in the latter years of retirement. Firms offering these annuities typically pay investors interest, which adjusts as rates fluctuate. Read More

This Week in Annuity News

Saturday, August 23rd, 2014 and is filed under Annuity News, Retirement Income Annuities, Videos

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This Week in Annuity News ~ Ending Aug. 9, 2014

Saturday, August 9th, 2014 and is filed under Annuity News

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

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

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QLACs Beat the Longevity Conundrum. And the IRS

Wednesday, July 30th, 2014 and is filed under Annuity News, Retirement Income Annuities

Qualified Longevity Annuity ContractLonger life expectancy and more years spent in retirement are two realities confronting the baby boom generation—and generations beyond. But longevity can be a mixed blessing. Saving and preserving a nest egg to last a lifetime—no matter how long one may live—is one of the most vexing challenges a retiree must contend with. Outliving accumulated resources is a very real threat.

Among the innovative ideas emerging over the last decade to address this challenge is a totally new retirement vehicle known as a “longevity annuity.” Enter the Internal Revenue Service. In February 2012 the agency published proposed regulations outlining the contours of this new annuity contract: the “qualified longevity annuity contract (QLAC).” Purchased with traditional IRA or other retirement plan assets, QLACs disperse benefits with start dates far beyond the typical ages of 65 or 70½—strategies that tax law didn’t previously allow. Think of the QLAC as a life annuity with a deferred start date. Read More

This Week in Annuity News ~ Ending July 12, 2014

Saturday, July 12th, 2014 and is filed under Annuity News, Retirement Income Annuities

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