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Annuities can sound confusing. There are so many types, terms, and “guarantees” thrown around that it’s easy to tune out. But if you’re someone thinking ahead about retirement, one kind of annuity might make a lot of sense for you: the deferred annuity . Let’s break it down — when (and why) a deferred annuity might fit into your plans. What’s a Deferred Annuity? Think of a deferred annuity as a “later” income plan. You invest money now — either in one lump sum or gradually

Reading a variable annuity prospectus feels like reading another language. It’s long, full of fine print, and … kind of boring. But if you’re investing your hard-earned money into one, it’s worth knowing what you’re signing up for. Here’s how to make sense of it — without falling asleep halfway through. 1. Start with the Basics The first few pages tell you what product you’re actually looking at — the company name, product name, and date. Annuities change over time, so mak

If you’ve ever talked to someone about annuities, you’ve probably heard the word “annuitize.” It sounds more complicated than it is. What does it actually mean — and what really happens when you do it? Let’s break it down. First, What Does “Annuitize” Mean? To annuitize simply means to turn your annuity into income. You’ve been saving money in your annuity — maybe for years — and when you’re ready, you tell the insurance company, “Okay, start paying me now.” In return, t

Roth IRA conversions are the latest surging sales idea from financial advisors and insurance agents carrying their latest products on their backs. But what happens when fear of missing out and bad advice occupies the same space? We can make poor financial decisions. Roth conversion advice serves as a good example. Conversions can be a powerful tax planning move, for the right people and facts. Tax planning is the top in-demand service for investors today; conversions can lowe