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When is the best time to start Social Security income?

April 22, 2018

Everyone who reaches retirement age needs to determine how to maximize their Social Security benefits. For those born between 1943 and 1954, full retirement age is 66. Anyone is free to start as early as age 62 in exchange for receiving about 30 percent less benefits for the rest of their life. Alternatively, you can…

Uncapped index annuities as an alternative to bonds

April 15, 2018

I recently attended a lecture with Roger Ibbotson, an emeritus finance professor from Yale business school, and had the opportunity to speak with him afterward. Ibbotson recently completed extensive historical research on the performance of bonds versus uncapped index annuities. Traditionally, index annuities placed caps or limits on upside performance. Uncapped index annuities do not…

How diversified is the S&P 500 Index?

April 8, 2018

The S&P 500 consists of 500 of the country’s largest publicly traded companies. These companies include the following sectors: energy, technology, consumer staples, consumer discretionary, financials, health care, industrial, materials, telecommunication, utilities and real estate. At first glance, this seems like adequate diversification. However, the S&P 500 is market cap weighted, which means that the…

Think twice before naming your trust as the owner or beneficiary of your annuity

April 1, 2018

One of the major benefits of a deferred annuity is the ability to delay paying taxes on all of the gains. By kicking the tax-liability can down the road, you are essentially utilizing an interest-free loan of the government’s tax cut while you continue to enjoy compounding growth within your annuity. Moreover, the IRS allows…

Why the Stock Market Doesn’t like Tariffs

March 25, 2018

In an effort to cut the trade gap and negotiate a more favorable trade agreement with China, President Trump recently announced tariffs of 25 percent on steel and 10 percent on aluminum. This means that the cost of purchasing these items from abroad will increase. This will ostensibly help American steel and aluminum companies become…

Annuities vs. modified endowment contracts

March 18, 2017

Although tax-deferred annuities will delay the due date of tax liability, taxes will eventually be due at some point because eventually the non-spousal beneficiaries will be required to take the money out of the contract and pay taxes. Modified endowment contracts (MECs) are life insurance contracts that were created by an act of Congress in…

The Stock Market is Eyeing the Upcoming Presidential Election

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