Profile

Cover photo
Rachel Summit
Works at Annuity FYI
Lives in Cleveland, Ohio
233 followers|49,699 views
AboutPostsPhotosVideos+1's

Stream

Rachel Summit

Shared publicly  - 
 
Trump vs. Clinton? It will affect your finances one way or another.
 
Donald Trump Could Win: What You Need to Do to Protect Your Business http://for.tn/2dqonlv
2 comments on original post
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
NEW PRODUCT ALERT from Annuity FYI:
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
Annuity FYI finds products with unbeatable rates and features and brings them to you, the investor, as 'Product Alerts'. Bookmark this page or visit often to stay abreast of the latest products, many of which are only available for a short time.
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
Check out Annuity FYI's latest blog post comparing fee-based annuities with commission-based annuity products. Do you think one is better than the other for consumers?
Both fee-based annuity models and commission-based have a place in the annuity industry because both models benefit different consumers and annuity purchases.
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
New blog post from Annuity FYI: Annuities are one of the only ways to guarantee a lifetime stream of income, but Americans are not aware of this option and many retirement plans don't offer it.
TIAA hopes that more employers will start offering annuities and educating their employees on the benefits of a guaranteed lifetime income stream option.
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
If you plan right and make good financial choices, early retirement is a possibility.
It's possible to hang up your work boots and retire at 62 if you plan carefully. Find out how to do it.
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
Most Millennials will not be able to retire by the time they are 65, following in their parents' footsteps.
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
New blog post today from Annuity FYI! The Retirement Enhancement and Savings Act of 2016 strives to help employers offer retirement plans with annuity options to more Americans.
The Retirement Enhancement and Savings Act of 2016 acknowledges the importance of having a 401k annuity option to increase your financial security in retirement.
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
Don't lose track of old 401k plans!
Retirement plans lose touch with almost a million workers a year.
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
These Gen Xers are living on less and saving for retirement well ahead of their peers.
It’s all about less money. Live on less now, like 2 sharp Gen Xers, so you won’t have to scrimp in retirement.
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
Annuity FYI's new blog post summarizes annuity sales data for the second quarter. Variable annuity sales were slightly up quarter to quarter while fixed annuity sales were slightly down, putting total annuity sales on a small increasing path.
While total annuity sales trended up, we're all watching to see where fixed and variable annuity sales take us for the rest of 2016 with the current economic situation.
1
Add a comment...

Rachel Summit

Shared publicly  - 
 
New blog post from Annuity FYI: Many people falsely believe that all annuities pay income out immediately, but that is not the case. Future annuity income streams can come from income riders, DIAs, QLACs, or market investments combined with a SPIA.
Four options to create a future income stream using an annuity are to add income riders, use a DIA or a QLAC, or manage your funds until you are retired and purchase a SPIA.
1
Add a comment...
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Cleveland, Ohio
Links
Contributor to
Work
Employment
  • Annuity FYI
    Writer, present
Basic Information
Other names
Finance Mama
Rachel Summit's +1's are the things they like, agree with, or want to recommend.
9 milestones in the rise and fall of American pensions
www.lifehealthpro.com

Some of these events still affect retirement plans today.

5 Excellent Retirement Calculators (And All Are Free)
www.forbes.com

Confession time. I'm a pushover for online calculators. Actually, any type of gadget gets my attention (hold on while I check email on my Ap

Workplace Inequalities Force Women To Plan For Retirement Differently
www.forbes.com

With over sixty million baby boomers reaching age 65 in the next twenty years, many people are just beginning to plan for the vast challenge

How Couples Delude Themselves About Retirement
www.forbes.com

A Fidelity survey finds a disconnect between what spouses say and reality.

4 Tricks To Get The Most Out Of Your IRA
www.forbes.com

You are throwing money away if you don't take full advantage of IRAs. Here are some ways to get the most out of this powerful retirement pla

Are You Financially Fit? Tips for Creating Retirement Income | U.S. Bank
achieve.usbank.com

There’s no time like the present to start planning for retirement. Use these tips to help get started.

Baby Boomers May Work Longer, Live Less Comfortably in Retirement
www.annuityfyi.com

It's now simpler to use some of that savings to purchase the guaranteed income offered by many annuity products. Baby Boomers may still work

IRI Industry Predictions: Fixed Indexed Annuity Sales & 3% Interest ...
www.annuityfyi.com

The IRI's president and CEO says that there is a huge opportunity for the insured retirement industry to innovate and meet the changing dema

Few Workers with DC Plans Anticipate Annuity Income
www.annuityfyi.com

It's important for the annuity industry to educate consumers, especially those participating in defined contribution plans, and bridge the g

Annuities Are Constantly Adapting
www.annuityfyi.com

As the economy went through some drastic changes between 2008 and 2014, annuities had to quickly adapt to these changes.

Longevity Annuities Are Poised To Take Off This Year
www.annuityfyi.com

The insurance industry's solution to this demand for a comfortable retirement is longevity annuities.

Does Your Defined Contribution Plan Offer Lifetime Income Options?
www.annuityfyi.com

There is still a lot of work to be done before annuities become mainstream in retirement plans, but their potential as an income stream solu

Fixed Indexed Annuity Market Share Increasing
www.annuityfyi.com

It's important to look at not only annuity sales, but also the market share of different types of annuities when making product comparisons.

Target-Date Funds Tied to a Fixed Annuity Create Income Stream
www.annuityfyi.com

With workers seeking out a guaranteed lifetime income stream in retirement and the federal government making it easier for annuities to be u

U.S. News: "You May Want to Consider Annuities"
www.annuityfyi.com

U.S. News & World Report's MONEY says that annuities are something you should consider if you expect to live a long life.

Annuities Take Longevity Risk Off the Table, According to Hegna
www.annuityfyi.com

Speak with an expert to see how annuities can help you eliminate longevity risk in your financial planning.

Which Annuity Product is More Efficient? A SPIA or a DIA?
www.annuityfyi.com

SPIAs and DIAs both offer unique pros and cons that make them useful in some retirement plans and simply not right for others.

Prudential Introduces Three New Annuity Products
www.annuityfyi.com

All of the products were designed as alternative ways to save and provide income instead of traditional savings and CDs.

AIG Introduces New QLAC for Retirement Plans
www.annuityfyi.com

The company's American General Life Insurance Company created the American Pathway Deferred Income Annuity to be eligible as a qualifying QL