The word annuity can sometimes carry a negative connotation, when people think it means they will be unable to access their money when they need it, they will be locked into paying high fees for life and their growth potential will be stifled. While these qualities may apply to certain types of annuities, they do not apply to a good index annuity. An index annuity is a good financial tool if you want to ensure that you never find yourself in a financial hole—and that you are consistently climbing a financial mountain. The type of person who could benefit from an index annuity possesses certain qualities, including the following:Continue reading » 6 Characteristics of Someone Who Could Benefit from an Index Annuity
Some people automatically reject annuities—and often because they just don’t understand them. Even the best annuities aren’t for everyone, but if you are going to decide that an annuity is not right for your retirement plan, make sure you are doing so for the right reasons. It can help to have a thorough understanding of the main types of annuities that are available to investors.Continue reading » 5 Types of Annuities Explained
At Ty J. Young Inc. we refer to fixed index annuities as a form of investment, based on the definition of an investment as something purchased today with the idea it will generate future wealth. However, some annuity experts say an annuity should not be called an investment at all; rather because annuities are a matter of insurance, they do not carry the connotation of possible loss that an investment does.Continue reading » Annuities Are a Matter of Insurance
If you are a regular reader of the Ty J. Young Inc. Retirement You’ve Earned Blog, you know the product we often prioritize for our clients is a fixed index annuity, which can provide protection of principal, a reasonable rate of return and the ability for our clients to leave money to their beneficiaries in a lump sum if that is what they want or need.Continue reading » Is a Fixed Index Annuity Ty J. Young Inc.’s Answer to Everything?
If you have kept up with the Retirement You Earned blog, you may be familiar with the 6 to 8% range by now – that is, a 6-8% historical average rate of return in regard to a Fixed Index Annuity. You don’t get that every year and it’s not a guarantee … but it does reflect historical averages. The years the market is down, of course, you do not endure any of the losses. Over the term of the contract, the historical average has been roughly 6-8%. The fixed index annuity accounts we often set up for our clients have historically averaged a 6-8% rate of return, and many people have then asked – “…how does that fixed index annuity product work?”Continue reading » Capturing Market Gains in a Fixed Index Annuity
Throughout my 20-plus years in the financial industry, it is extremely uncommon to hear of or meet a broker who was not trying to do the right thing for his or her client.Continue reading » Why Hasn’t My Broker Told Me About A Fixed Index Annuity?
I’ve always been told if something sounds too good to be true, it probably is. Well, this sounds too good to be true, and if it is as good as it sounds, why isn’t everyone investing this way? Is fixed index annuity too good to be true?Continue reading » Is a Fixed Index Annuity Too Good to Be True?
With all of the investment choices out there, as an investor you may wonder how to go about deciding which option is right for you. The same is true for an annuity. If you are wondering how to determine whether or not an annuity is right for you, then you need to pinpoint what it is you want for your money and know what you are comfortable giving up to get it.Continue reading » How to Know if an Annuity Is Right For You
Fixed index annuities. You may have heard the term, but what do you really know about how they work and what they can offer investors?Continue reading » Fixed Index Annuities: 5 Things You Should Know
What if more things in life were guaranteed? What if you were guaranteed to get a well-paying job, to never suffer from illness or disease, or that you and your loved ones would never be in a car accident or a plane crash. You would probably feel secure in these areas of life. Obviously, most guarantees seem too good to be true. However, there is a way to ensure you have income guaranteed throughout retirement.Continue reading » Do You Want Your Retirement Income Guaranteed?