Book depository books with free delivery worldwide. A fixed index annuity is a taxfavored accumulation product issued by an insurance company. How taxdeferred annuities may help you save for retirement. This book provides an indepth overview of the different types of annuities and their strengths and weaknesses. Fixed annuities are a contract between an investor and an insurance company.
Annuities for dummies how to understand annuities in. Once you decide to invest in annuities, figure out how to shop for an annuities contract and how to stay smart about annuities. One of the most important benefits of deferred annuities is your ability to use the value built up during the accumulation period to give you a lump sum payment or to make income payments during the. Annuities for dummies book by kerry pechter 1 available. Like any taxdeferred investment, earnings compound over time, providing growth opportunities that. Even though annuities may seem very new to you, these retirement products have actually been around for years. This contract transfers your longevity risk the risk of you outliving your savings to the insurance company. Annuities for dummies by kerry pechter booksamillion. Annuities can be a useful retirement tool when used correctly and a burden if they are used incorrectly. An annuity is a financial product that straddles the fence between insurance and investment.
How much that monthly payout is and how long it lasts depends greatly on the. Annuities can be wickedly complicated and are often far more complicated than they ought to be, but pechters explanation is uniformly clear and understandable. Annuities are insurance contracts that promise to pay you regular income either immediately or in the future. Youll find out exactly what annuities are, whether theyre the right financial vehicle for you, and which of the many annuity options might have your name on it. Once you decide to invest in annuities, figure out how to shop. Dec 10, 2019 annuities are insurance contracts that promise to pay you regular income either immediately or in the future.
An annuity contract is a legally binding, written agreement between you and the insurance company that issues the contract. Annuities are insurance contracts that make regular payments to you either immediately or at some point in the future. Learn about annuities with our easytouse tool and find options that could be right for you. Pechter 2008, paperback at the best online prices at. Annuities for dummies has 1 available editions to buy at half price books marketplace. One of the most important benefits of deferred annuities is your ability to use the value built up during the accumulation period to give you a lump sum payment or to make income payments during the payout period. Annuities can help with retirement lifetime income. They provide a contractual way for an investor to ensure that he or she receives guaranteed income for life. Annuities are a popular choice for investors who want to receive a steady income stream. Variable annuities, or vas, are mutual fund investments that have certain insurancerelated guarantees, such as living benefits and death benefits. Fixed annuities provide a safe alternative to bank cds. Other investment products, such as stocks that pay dividends, can also supply income.
Youll find out exactly what annuities are, whether theyre the right financial vehicle for you, and which of the many annuity options might have your. Pechter 2008, paperback at the best online prices at ebay. Annuities for dummies the complete online guide free what is an annuity. Annuities for dummies an annuity is a contract purchased by an individual from an insurance company. In most cases, the simplest form of annuity is the best to buy the one known as a single premium immediate annuity. Since it covers securities and bond, annuities are under regulation of securities and exchange commission and those who sell annuities should be licensed by securities dealers. Russell wild, mba, is the author or coauthor of many nonfiction books, including exchangetraded funds for dummies, index investing for dummies, and one year to an organized financial life. Annuities are looking better than they have in years, thanks to rising interest rates and regulatory efforts. Many preretirees and retirees are uncertain whether the nest egg they have built will let them live comfortably for the rest of their lives without running out of money. As one of the premier rare book sites on the internet, alibris has thousands of rare books, first editions, and signed books available. Apr 22, 2014 even though annuities may seem very new to you, these retirement products have actually been around for years. Retirement income journal and the author of annuities for dummies.
He is a napfacertified financial advisor, registered with the pennsylvania securities commission. Annuities for dummies and millions of other books are available for amazon. Intuit inc is the company that developed quickbooks. Read annuities for dummies online by kerry pechter books free.
Youll find out exactly what annuities are, whether theyre the right financial vehicle for you, and which of the many annuity options might have. Mutual funds are bundles of stocks or bonds or a mixture of both. About the book author kerry pechter is the senior editor of annuity market news. Jun 05, 2015 how does an annuity work watch this before you take the plunge. Jul 19, 2010 related to annuities, ira, depreciation, made the lecture more interesting after doing more research, quickbooks for dummies by this book is very clear, stepbystep, and easy to follow. Use the annuities tool to find options that could be right for you. This completely revised and updated, plainenglish guide is packed with the if youre a baby boomer with little or no pension and most of your money in lowinterest savings accounts, an annuity may be the key to a secure and comfortable retirement. Although insurance companies usually assume your interestrate risk when you buy a fixed annuity, thats not always the case.
Answer a few quick questions to see if an annuity could fit your financial goals. Annuities for dummies by kerry pechter and kerry h. Theyre a longterm contract from an insurance company where you invest your. When the individual retires, he or she begins receiving regular payments from the insurance company. Annuities for dummies book income and annuity page 1 of 45 10. Distributions of taxable amounts from a nonqualified annuity may also be subject to the 3. Variable annuities for dummies the money that you save in annuities is then reinvested by insurance companies to other investment instruments like bonds and securities. This completely revised and updated, plainenglish guide is packed with the latest information on choosing the best annuity for your retirement needs. Think of annuities as investments with insurance features or insurance with investment features, depending on the. Buy annuities for dummies by kerry pechter online at alibris. If youre a baby boomer with little or no pension and most of your money in lowinterest savings accounts, an annuity. It is essentially a contract in that the purchaser agrees to pay a premium and the seller agrees to accumulate the premium in a certain way andor pay that money back to the purchaser in a certain way. In return, the insurance company can afford to pay you a slightly higher interest rate than it pays on nonmva annuities book value annuities. When the individual retires, he or she begins receiving.
An annuity is a contract purchased by an individual from an insurance company. Recommended books for annuities annuities for dummies. Jul 21, 2018 annuities are looking better than they have in years, thanks to rising interest rates and regulatory efforts. Dont buy a fixed index annuity until you read this. Enter your mobile number or email address below and well send you a link to download the free kindle app. Title contents introduction about this book conventions used in this book what youa. In exchange, you pay premiums as outlined in the contract. Inspire a love of reading with prime book box for kids. Youll finish with a detailed worksheet to discuss with your financial advisor.
With an annuity you exchange a sum of cash today typically from your retirement nest egg right as you begin to retire for consistent periodic payments in the future. With a market valueadjusted mva fixed annuity, you assume the interestrate risk. Feb 09, 2011 read annuities for dummies, 3rd edition. But other types of annuities can be used as taxdeferred investment vehicles. It shares features with fixed deferred interest rate annuities. That, alone, would make his book unusually valuable. He is an attorney and lecturer at bentley college in the department of law, tax, and financial planning. As a reporter who writes about annuities and the annuity industry fulltime and as a former marketing writer who specialized in annuities at the vanguard group, he brings both an outsiders and an insiders perspective to the writing of this book. An annuity is an insurance product that pays out income, and can be used as part of a retirement strategy. For many individuals, this may mean a pensiontype annuity called. If you are already saving as much as you can in your 401k or ira, 1 you can use this type of annuity to boost your retirement savings. Annuities ultimate guide to retirement money magazine. Such is the case with the truth about buying annuities by steve weisman, published in 2009. Annuities for dummies, by kerry pechter, is a wonderful book.
You can purchase an annuity to help grow or protect your retirement savings or to provide you with guaranteed income. How does an annuity work watch this before you take the plunge. Barrons evaluated the landscape and chose the best. Assess your personal situation and follow some basic guidelines for determining if an annuity is right for you. How do i know if buying an annuity is right for me. An annuity is a financial product sold usually by insurance companies to people who wish to make sure that they are going to have enough money to last them for the rest of their lives. Kerry pechters book on annuities is one of the best resources ive found. You can buy an annuity with a lump sum or a series of payments. Annuity ebook download our free annuity ebook lifeannuities. Annuities for dummies by kerry pechter, paperback barnes. Then you can start reading kindle books on your smartphone, tablet, or computer no kindle device required. There are four main types of variable annuities, including. Annuities are a popular choice for investors who want.
The number one imageword that should go through your minds when researching. Annuities for dummies the complete online guide free. Annuities for dummies and millions of other books are available for amazon kindle. Like most books in the dummies series, it is organized well and offers clear descriptions.
A variable annuity is a longterm investment primarily designed for retirement or other longrange purposes. Lastly, the guide provides a glossary of commonly used annuity terms. Annuities for dummies top ten things you need to know about annuities. The individual pays the insurance company money, either in a lump sum or regularly over time. Written by hersh stern updated monday, april, 2020 a fixed index annuity is a taxfavored accumulation product issued by an insurance company. For example, deferred annuities used to be purchased mainly as a tax dodge by. It is rare that i check out a book at the library and then end up wishing id bought it so i could keep a copy for future reference. They make it easy for small investors to diversify their holdings and invest with less risk. Nationwide annuities are designed to help you grow your retirement income. Annuities are among the most recommended investment products for older americans, but few individuals really understand them.
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