Posted by:
Kestler Financial Group on 3/24/2011
Financial Advisor Magazine describes its audience as financial planners, registered investment advisors, and independent broker/dealers serving affluent, high-net worth clients. As you would expect, this magazine typically focuses on the merits of very complex investment strategies designed to impress wealthy clients. Fixed annuities are rarely mentioned.
Posted by:
Kestler Financial Group on 3/22/2011
Annuities typically have penalties associated with early withdrawal, called surrender charges. You may wonder why these charges are so prevalent on annuities. The reason is that carriers need them in order to provide you with the safety features and attractive interest rates of the annuity.
Posted by:
Kestler Financial Group on 3/17/2011
Annuities offer two key advantages that can come into play as you plan your estate: speed and privacy. Both of these derive from the fact that you can designate one or more beneficiaries for your annuity, rather than having your annuity made payable to your estate.
Posted by:
Kestler Financial Group on 3/8/2011
A nice tax advantage offered by annuities is the fact that you can earn interest and not have to pay taxes on that interest right away.
For tax purposes, your annuity can be treated one of three ways: as a traditional IRA, as a Roth IRA, or as a non-qualified annuity.
Posted by:
Kestler Financial Group on 3/3/2011
A lot of people wonder if their money is really safe when they put that money in an annuity.