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Tag Archives | annuities

Some Annuity Protection From Insurance Guaranty Associations

My first at bat in Little League baseball didn’t go well. I was hit in the head with an errant pitch. Every at bat thereafter, I would close my eyes and flinch when the ball came whizzing by. Needless to say, my baseball career was short-lived. Today, I have a similar internal flinch whenever I […]

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Uncle Sam Not Stealing Your Social Security

A reader recently forwarded me an email that began, “Who died before they collected Social Security?” It asked how many people only collected a small portion of what they paid into Social Security because they, or a spouse, died soon after retiring. Then it screamed in all caps, “Where Did That Money Go?” The rest […]

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Find Out Hidden Costs of Guaranteed and No-Fee Investments

Annuities are popular investments; almost every new client I see has one. When I ask why someone purchased an annuity, the most common responses are: “We didn’t have to pay any fees or commissions.” “There are no ongoing expenses.” “All my money is working for me.” “The principal is guaranteed.” Any time you read or […]

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State Taxes Add to Cost of Life Insurance, Annuities

We South Dakotans can be smug about the economic advantages of residing in our income tax-free state. While those advantages are big, we do have a few lesser-known taxes. I recently learned about another “hidden” tax, one on annuity premiums. A recent article in Investment News lists the eight states or territories that have such […]

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High Returns—For Whom?

Insurance companies are supposed to be in the boring business of pricing the risks that, for example, a certain percentage of people will get into an auto accident, and calculating the average cost of fixing the car and paying the hospital bills. They also calculate that a certain percentage of people of a certain age […]

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