Adam Grossman, CFA on LinkedIn: Do annuities ever make sense? Many people complain that annuities amount… (2024)

We all have clients that are holding on to old annuities. The question is, are they better off holding onto the annuity they have or is it in their best interest and is it suitable to replace what they have with a different annuity?I've looked at situations where in income guarantees we've been able to offer substantially more income to a client through today's annuities. Think of it this way, if you were told you could get more guaranteed income in retirement and maybe even reduce your fees...would you want your advisor to show you this alternative?Conversely, I've looked at annuities where they were much better off holding on to their existing policy as their needs had not changed since it originally issued and the benefits in the policy could not be beat.We will look at any existing policy your client holds and through a series of analysis tools be able to make recommendations of replacement or if the client should continue with their existing policy.Have a case you're looking at now where you are concerned there is a better annuity option for your client? Give me a call and I'll do a complimentary analysis at no cost to you!Wendy 402-343-3669

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One of the positives of an annuity is that it can provide a reliable and predictable source of income during retirement years. #GMG #ERC #costreduction #insurance

AnnuitiesAn annuity is a savings account with an insurance company or other investment company. You make either a lump-sum deposit or periodic payments to the company and at retirement, you "annuitize"--receive regular payments for a specified time period (usually a certain number of years or for the rest of your life). All of your payments build up tax-free and is only taxed when withdrawn at retirement, a time when you are usually in a lower tax bracket. Although mostly sold by life insurance companies, annuities are really the opposite of life insurance: annuities pay off when you retire; life insurance pays off when you die. The money contributed to an annuity may be in post-tax dollars. When you contribute after-tax savings to an annuity, you can put in as much money as you like. Before you put after-tax savings into an annuity, it may be advisable for you to put the maximum pre-tax amount into a retirement plan such as your IRA or 401(k). PKF Puerto Rico, LLCCertified Public Accountants & Business AdvisorsMember Firm of PKF International LimitedSuite 35, Po Box 2510, Trujillo Alto, PR 00977Tel • 787-400-9548 | Fax • 787-993-1871www.pkfpuertorico.com“Serving our clients with Responsiveness, Knowledge and Professionalism”

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Annuities come in two basic varieties: fixed and variable. Fixed annuities earn a guaranteed rate of interest for a specific time period, such as one, three or five years. Variable annuities typically offer a range of investment or funding options. These funding options may include stocks, bonds and money market instruments.

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Do you feel like consumers are missing baseline knowledge about annuities? While sales are soaring, consumers still have lots of bias around annuities. Read more about it in this article and how you can overcome the gap with your clients. https://ow.ly/Lfb030sz0r1 #Education #Annuities

WHAT ARE ANNUITIES?An annuity is an insurance product that offers a stream of deferred fixed income to individuals seeking the security of guaranteed income for life. Although annuities generate income — and some annuities offer growth potential — they are not suitable for short-term investment strategies. These products appeal to people whose goals include long-term financial security, retirement income, diversification, and bottom line preservation.Annuities can be optimized for long-term income or growth, but they are not short-term investment strategies. People seeking long-term financial security, retirement income, diversification, and preservation of capital find these products attractive.Need Help? 402-727-1340https://lnkd.in/dernZHmk

There are 3 reasons to take a look at Indexed Variable Annuities (IVAs): Protection, Growth, and Diversification. Learn more about this product category today during National Retirement Security Month! #FinancialProfessional #TopicslnFocus #NationalRetirementSecurityMonth

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There are 3 reasons to take a look at Indexed Variable Annuities (IVAs): Protection, Growth, and Diversification. Learn more about this product category today during National Retirement Security Month! #FinancialProfessional #TopicslnFocus #NationalRetirementSecurityMonth

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There are 3 reasons to take a look at Indexed Variable Annuities (IVAs): Protection, Growth, and Diversification. Learn more about this product category today during National Retirement Security Month! #FinancialProfessional #TopicslnFocus #NationalRetirementSecurityMonth

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There are 3 reasons to take a look at Indexed Variable Annuities (IVAs): Protection, Growth, and Diversification. Learn more about this product category today during National Retirement Security Month! #FinancialProfessional #TopicslnFocus #NationalRetirementSecurityMonth

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