As I look around I find more and more people who are not ready for retirement. I find even more young people who are not thinking about a retirement plan. Yet, I see people who retired but find themselves having to find work in just a few weeks because they have no retirement money. Last, I find people who talk about how they know all about how to invest for retirement just to find out that some sales person have taken them for everything that they saved for over the years.
In this class, we are going to learn about an insurance contract called an Annuity. We are going to learn what they are for and why it is important for you to know about them even if you feel that you don’t need one. In fact, if you are working or have a Whole Life Insurance policy, you probably do have an annuity. If you have a pension or contribute to a pension with your employer chances are you have an Annuity. If you have a TAP account or any type of government education account then chances are you are in an Annuity.
It would be to your advantage to take an hour out of your life to take this course on Annuities. You can take it a little at a time. There are 7 segments to this course that run from about 4 minutes to almost 13 minutes long. Watch it with your family or your spouse. You can stop the video when taking notes. When finished, you can ask your insurance agent or investment advisor any questions about your own investments concerning Annuities. The idea is to know as much as your experts so that you cannot be cheated out of money.
This course can save you tens of thousands of dollars in the long run.
Pros and Cons of Annuities: Questions and Answers (part 1 of 7) 10 Minutes 35 sec.
http://www.seniorannuityalert.com/questions-and-answers/
This is an introduction to Annuities. Here you are going to learn the four (4) types of Annuities and how to determine the right Annuity for you and your family. A highly qualified Financial Planner and Annuity expert will explain this insurance product to you.
Pros and Cons of Annuities: Immediate Annuities (part 2 of 7) 4 minutes 1 sec.
http://www.seniorannuityalert.com/immediate-annuities/
This Video is about Immediate Annuities. This is the traditional investment vehicle used for Pension funds. The longer you work for a company giving you this Annuity the more money you will get when you retire. The beneficial IRS Tax rules are discussed. Some Annuities run out in 10 years others never run out. The problem with this type of Annuity, you lose control of the money and when you die, the money stops.
Pros and Cons of Annuities: Fixed Annuities (part 3 of 7) 6 minutes 8 sec.
http://www.seniorannuityalert.com/fixed-annuities/
This video is about Fixed Annuities. These Annuities are usually tax deferred but the fix rate can be adjusted from one year to another. The instructor talks about why it is not a wise thing to do when you the investors buys a Fixed Annuity and places it in your IRA. He talks about how the fixed Annuity is insured.
Pros and Cons of Annuities: Variable Annuities (part 4 of 7) 9 minutes 56 sec.
http://www.seniorannuityalert.com/variable-annuities/
This video is about Variable Annuities. Here the instructor talks about the administration fee, Life Insurance Fee, and the Rider fee. He also talks about the tax consequences of using this investment vehicle. Most people do not know that this Annuity can drop in value if the money is withdrawn. It only has a floor when the owner of the Annuity dies and it turns into a Life Insurance Policy.
Pros and Cons of Annuities: Index Annuities (part 5 of 7) 9 Minute 22 Sec.
http://www.seniorannuityalert.com/index-annuities/
This video is about Index Annuities. Here the instructor makes you aware of the CAPs put on the Annuity by insurance companies. Insurance companies vary on how they treat CAPs.
Pros and Cons of Annuities: Fixed Index Annuities (part 6 of 7) 11 Minutes 38 Sec.
http://www.seniorannuityalert.com/hybrid-annuities/
This video is about Fixed Index Annuities. Inflation at some time in the future will be coming back. You don’t want to take on inflation risk. If you do and inflation becomes a problem, you will not have enough money to live on. People who neared retirement in the late 1950s never thought about inflation. But inflation went as high as 14% per year by 1980. These people who retired in the 1960s and 1970s lost a great deal of purchasing power by the 1980s and many did not have the money to live on.
Pros and Cons of Annuities: Conclusion (part 7 of 7) 12 Minutes 35 Sec.
http://www.seniorannuityalert.com/annuity-conclusion/?elq=fc395dea1a50444cb3d007dfd64a067e
For people in their 60s who are looking for Income and safety who still want to control their money, you have to do research. This video goes over what questions to ask insurance companies. If you already have an annuity and you are unhappy with it, this video goes over what to do about it.
Class is conducted by;
Josh Mellberg
JD Mellberg Financial
1-877-505-1960
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