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New blog post today! The Retirement Enhancement and Savings Act of 2016 strives to help employers offer retirement plans with annuity options to more Americans.
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Annuity FYI

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NEW PRODUCT ALERT!
Here is a FIA that is Hard to Beat
In today’s ultralow interest rate environment, it’s increasingly difficult to find an annuity that keeps interest rates stable. Instead, insurance companies in the last couple of months have focused on trimming rates.

But here is a pleasant — and highly welcome — surprise: A fixed indexed annuity (FIA) underwritten by a major player has rolled out an unusually generous FIA – one paying a 95 percent participation rate on a respectable low-volatility index. This is more than three times what most FIAs pay today on an index tied to the often more robust — but also more volatile — S&P 500.

To be completely accurate, this FIA, as generous as it is, has actually cut its index participation rates this year. When it was introduced last spring, it offered a whopping 130 percent participation rate. After a couple of months on the market, that rate was cut to 100 percent. Recently, it was cut yet again, to today’s rate of 95 percent.

Nonetheless, this obviously remains a highly attractive deal as long as it lasts – and it’s available to interested consumers for a minimum of only $5,000 in a qualified or non-qualified account. It offers an income rider charging 1 percent a year, but investors may be better off waiving this to maximize returns.

The index to which this FIA is pegged – the BNP Multi-Asset Dynamic Index – is algorithm-based and comprised of three equity futures indices, three bond futures indices and two commodity indices. It seeks to measure the value of a hypothetical exposure to a range of asset classes and geographic regions based on momentum investing principles. Over the last 10 years, the index methodology would have produced an average annual return of 5.5 percent.

This annuity vendor is offering this FIA to gain market share for a while, as other competitors also do periodically. The low-volatility index is less expensive to hedge than an S&P 500 index because of its steadier performance. Also reducing costs is a two-year point-to-point crediting schedule. The product has a highly competitive seven-year surrender schedule (starting at 9 percent).

Interested investors are advised to act relatively quickly. Even if this FIA stays on the market an extended period of time, its participation rate is likely to be cut yet again after additional sales are generated.
For more information, visit Annuity FYI at www.annuityfyi.com or call us at (866) 223-2121.

–Steve Kaufman
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Millennials have to save more for their retirement.
 
Why Millennials Need to Save More for Retirement http://for.tn/2dm0taR
They'll face a stiffer investment burden than previous generations.
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This article compares annuities and dividend stocks to see which is "better". It certainly depends on your risk tolerance and needs, among other factors.
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A fixed indexed annuity rider with an income rider can help pay for your long term care insurance.
Certain Federal workers are facing a big hike in long-term care premiums. Stay calm and explore other options.
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A financial emergency in retirement can make or break a retiree.
 
"Retirees learn to live on this typically modest fixed income. But a significant home repair or large health care cost can disrupt your spending plan, perhaps even causing you to deplete your savings too quickly." #financialplanning #retirement #moneymatters 
Planning will help you weather these sudden retirement costs.
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Nationwide plans to buy Jefferson National in a move that will increase their business with RIAs and their variable annuity sales.
The acquisition will expand the firm's ability to sell financial products through Jefferson National's network of 4,000 RIAs. (More: The top FAQs on the DOL fiduciary rule)
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Take advice from the Baby Boomers who have learned retirement lessons.
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Q&A about annuities:
 
Here are 3 frequently asked questions that clients ask about annuities, along with the answers http://ow.ly/5w7W304FwkI
Despite pending compliance challenges, annuities will continue to be essential to financial security in retirement.
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Insurance companies have one big complaint about the DOL's fiduciary rule and it has to do with the broker-dealer requirements.
B-Ds and other annuity distributors are asking insurers for product specifications with an eye toward compliance with the new regulation.
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Check out our latest blog post comparing fee-based annuities with commission-based annuity products. Do you think one is better than the other for consumers?
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Save early and often for your retirement.
 
“Starting Early: The Benefits of Compounding Interest for Retirement Savings”
When it comes to retirement planning, it’s never too early to start saving. Of course, as with many things in life, this is easier said…
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retirement, annuities, annuity, fixed annuities, variable annuities, indexed annuities
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