Fixed annuities are a popular option for individuals who are looking for a safe and secure way to save for retirement. Unlike variable annuities, which are tied to the stock market and can fluctuate in value, fixed annuities offer a guaranteed rate of return. They also provide stable tax-deferred growth and a predictable source of [...]
March 31, 2023
Category: Annuities, Retirement Planning
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Let's face it, Medicare insurance can be expensive. Original Medicare Part A is free due to earned work credits, but Part B costs nearly $150 a month for most. And Medicare Parts A & B only cover so much. There are still gaps like deductibles, coinsurance, prescriptions, dental, vision, hearing and so on. So how [...]
August 19, 2020
Category: Medicare Advantage, Medicare Supplements, Retirement Planning
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Annuities serve many purposes, but you might want one to safely and efficiently transfer assets to your heirs. One popular annuity feature offers an increasing death benefit in order to guarantee growth each year. This rider might be appropriate for someone who does not anticipate needing their funds. Perhaps they have ample liquidity and investments [...]
July 17, 2020
Category: Annuities, Retirement Planning
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With increasing interest rates, you may want to know how your business can invest in an annuity account. In most cases corporations, partnerships, trusts, and other entities can own an annuity. This process works much like it would with individual ownership. That's the good news, but there are subtle differences in how these accounts operate [...]
June 8, 2020
Category: Annuities, Retirement Planning
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If you are approaching your Medicare eligibility, you should be aware of the Medicare Income-Related Monthly Adjustment Amount - IRMAA for short. It applies to higher income earners and results in increased Part B and Part D premiums. These increases might affect your decision to stay on your employer policy. If that's not an option, [...]
May 14, 2020
Category: Medicare Advantage, Medicare Part D, Medicare Supplements, Retirement Planning
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Investors like annuity policies for a lot of reasons, but a new feature is adding even more certainty to these guaranteed products. Some companies are now offering a death benefit rider on their contracts to assure policy growth every year. This optional feature allows your death benefit to grow each year by a guaranteed rate [...]
June 5, 2019
Category: Annuities, Retirement Planning
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We are all working toward a comfortable, financially stable retirement. We want to enjoy more time with our loved ones while immersing ourselves in the activities that bring us peace and joy. The Hyers & Associates team is here to help you achieve your retirement goals. The fact is you need a plan to create [...]
April 23, 2019
Category: Annuities, Retirement Planning
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We get older every day and as we do, we have our eye on retirement. However, along with retirement, there is also a concern over the possibility of getting sick and needing long-term care. To rest assured you’ll be taken care of when that time comes, the team at Hyers & Associates can help you [...]
January 9, 2019
Category: Long Term Care Insurance, Retirement Planning
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After years of hard work, people want to retire and relax. To make this happen, people need to plan for their retirement years. There are many ways to save for your golden years. Often it becomes confusing and people wonder what choices to make. Find out the basics about a fixed annuity and reasons to …
June 5, 2018
Category: Annuities, Retirement Planning
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If you're nearing age 65 (or retiring and losing group insurance) you may need help with Medicare planning. It's always best to get started early so that you fully understand all of your options. Choices you make now will affect your options in the future. We help our clients through this progression. There is a [...]
July 12, 2017
Category: Medicare Supplements, Retirement Planning
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If you own a Health Savings Account and you're approaching Medicare eligibility, you likely want to know what you can and can't do with your unused funds. The good news is you can keep your HSA once on Medicare. This is helpful for those who have accumulated significant assets in their accounts. Furthermore, there are [...]
May 2, 2017
Category: Medicare Supplements, Retirement Planning
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It depends who you ask. For those selling annuities, the answer is usually yes. For those who only sell competing accounts like stocks, bonds and mutual funds – the answer is almost always no. Most everyone has some skin in the game and they’ll work hard to make the case for their products over others. …
January 18, 2016
Category: Annuities, Articles, Retirement Planning
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If you are over 65 and leaving your group health insurance, you’ll need to plan carefully when considering COBRA as your semi-permanent insurance. If you do not enroll in Medicare Part B upon separation from employment, you can face late enrollment penalties including fines and delays. Unfortunately, the transition from group health insurance to Medicare – and the …
July 14, 2015
Category: Medicare Supplements, Retirement Planning
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Qualified longevity annuity contracts (QLACs) are popular retirement vehicles for those who want to create a deferred income stream later in life using pre-tax, qualified dollars. Longevity contracts were approved by the IRS in June of 2014 and offer very attractive tax reduction strategies. Many institutions offer these plans, but products like annuities from insurance [...]
May 27, 2015
Category: Annuities, Articles, Retirement Planning
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