Sunday, December 30, 2012

Can I Roll Over a Retirement Annuity From One Broker to Another?

Consumers are free to enlist the services of any properly registered and licensed insurance broker, investment adviser or financial planner. Annuity owners are under no obligation to continue working with a representative and may move accounts, policies and money to another industry professional at any time. However, sometimes changing brokers also requires changing annuities, typically in cases where the annuity was initially purchased directly from the insurance company, not from an independent broker.

Closing a Fixed Annuity

Careful consideration must be given to the possible consequences of closing a fixed annuity. By terminating the contract and taking a single lump-sum withdrawal, you will increase your taxable earnings for the year. Additionally, you may receive less than the actual balance in your account if you surrender your annuity too early.

Wednesday, December 19, 2012

Life Insurance Difference Between Inside Build Up & Cash Surrender Value

Life insurance policies can provide more than just a death benefit. If you buy the right type of policy, your money does more than just pay for coverage. Understanding what happens inside a life insurance policy and how your premium payments are handled can help you learn to leverage the power of tax-deferred accumulation and tax-free loans.

Bribery is Just Standard Operating Procedure

In the wake of last week's SEC press release announcing a $12.4 million settlement with Allianz SE (OTCMKTS:AZSEY) for violations of the Foreign Corrupt Practices Act, it’s hard to ignore the implication that bribery and corruption in big business have become standard operating procedures.

In the past six months alone, five major international corporations have settled lawsuits filed by the SEC for similar offenses involving secret payoffs to government officials, fraudulent payments to nonexistent companies, and kickbacks to influential people in exchange for big money contracts.

Tuesday, December 18, 2012

Insurers Must Embrace Technology to Survive

As we approach the close of another year, it’s become even more obvious that doing business the “old way” doesn’t work too well anymore. Sure, if it ain’t broke, don’t fix it – but that doesn’t mean you can forgo maintenance and upgrades. A review of Q3 earnings reports and financial ratings of the oldest and largest life insurance companies illustrates this point. Despite some increases over the same period in 2011, the industry’s giants continue to experience premium declines.

Monday, December 17, 2012

How to Unload a Horrible Annuity

If you have no choice but to back out of an annuity contract, there's a right way to do it

Annuities are long-term retirement investment vehicles and disposing of one is not always a simple process. Several factors must be carefully considered before unloading an annuity.

Income taxes, retirement stability and future purchasing power are just some of the issues that terminating an annuity may negatively affect.

If you determine, however, that the best option is to get rid of your current annuity, there are two methods of accomplishing this: surrender or rollover.

Saturday, December 15, 2012

Is an Annuity Rollover Taxable?

A properly executed annuity rollover will not generate income tax liability

Source: StockMonkeys.com
Annuities are retirement investment vehicles offered by life insurance companies. Countless annuities exist and new products continue to be developed with enticing and advantageous features.

If you are unsatisfied with your current annuity and believe switching to another is in your best interest, a rollover is required to move the money.

This decision should only be made after careful evaluation of the immediate and future ramifications of a rollover, and the suitability of both the current and proposed annuity products.

What Is the Collateral Assignment of a Life Insurance Policy?

Collateral assignment refers to the contractual designation of a company or other entity as beneficiary of a life insurance policy. This arrangement is fairly common among business owners in search of additional funds or credit. Many lenders will consider the assignment of life insurance alongside other factors when evaluating creditworthiness for business financing applications. Some lenders even require an assignment of life insurance as a condition of loan approval. When leveraged properly, a collateral assignment can help business owners obtain funding that would otherwise be unattainable.

Wednesday, December 12, 2012

Annuity Vs. Other Guaranteed Income Investments

Gambone articles annuity vs guaranteed income investments
Source: picjumbo.com
Choosing one type of guaranteed investment over another depends on your needs, financial capabilities and risk tolerance. Fixed annuities are retirement investment products that may suit your goals better than bank CDs or Treasury bonds. However, certain restrictions and limitations attached to annuities might not be present for other investment types. You must carefully evaluate the potential impact on your present and future financial stability before contributing money.

Tuesday, December 11, 2012

Is a Deferred Annuity Taxable?

Article originally published on Zacks.com
12/11/2012

View original HERE
 

Monday, December 10, 2012

The Taxation of Annuity Distribution Gains

Article originally published on Zacks.com
12/10/2012

View original HERE
 

Sunday, December 09, 2012

How to End Annuities Without Paying Fees

Article originally published on Zacks.com
12/09/2012

View original HERE
 

Do I Need to Claim Earned Interest on My IRA or Annuity?

Article originally published on The Nest
12/09/2012

View original HERE