Ohio Insure Plan Logo

It’s April 15th and while many have already filed their tax returns, some are still scrambling to get their documents in on time.  Thus, it is an appropriate time of the year to talk about different ways to reduce your income taxes. If you wish to reduce the amount of taxable income on your 1040 or are …

April 15, 2010

Category: Annuities, Articles, Life Insurance, Wealth Transfer

Continue

If you are considering investing in a fixed indexed annuity, you should become familiar with a few terms.  Almost all indexed annuities have internal moving parts referred to as spreads, caps, and participation rates. The fluctuations of these moving parts can significantly affect your annuity’s rate of return now and in the future. Insurance companies will adjust their …

March 12, 2010

Category: Annuities, Articles

Continue

You may wish to exchange your old annuity or life insurance policy for a new one for any number of reasons. Section 1035 of the I.R.S tax code allows you to do so while deferring any taxable gains in your old policy. The accumulated gains in your old policy can be transferred to a new insurance …

March 2, 2010

Category: Annuities

Continue

If you are in need of a safe and insured investment providing reliable interest for a desired number of years, you will want to compare a CD to a fixed annuity account. Both offer pros and cons depending on what features are most important to you now and going forward.  The chart below compares the advantages and disadvantages of both accounts …

February 4, 2010

Category: Annuities, Articles

Continue

Regardless of the type of annuity account you own (fixed, indexed, immediate, or variable) it will fall into one of two categories; qualified or non-qualified.  This is to say that an annuity cannot be both qualified and non-qualified.  It is one or the other.  There are significant differences between the two and understanding the differences can …

September 30, 2009

Category: Annuities, Articles, Retirement Planning

Continue

As the overall markets have swooned and once plush retirement accounts have lost value, you might be interested in a guaranteed lifetime stream of income. Commercials are more prevalent and many financial firms are now advertising the merits of this simple concept. But what are the financial products behind these guarantees and how can you benefit from lifetime …

July 15, 2009

Category: Annuities, Articles, Ohio Annuity, Retirement Planning

Continue

A 403(b) account is also known as a Tax Sheltered Annuity or TSA.  These accounts can take many forms, but most typically are setup as a fixed or variable annuity.  Teachers, employees of non-profits, and certain ministers can contribute during their working years should their employer offer this retirement option. Other investment options might include mutual funds …

April 2, 2009

Category: Annuities, Articles, Retirement Planning

Continue

There are certain economic cycles that occur every few years which drive up the interest rates in fixed annuity accounts.  We are in one of those cycles now. Savvy investors can lock in very high annuity rates (yields/returns) that did not exist only a year ago. View Current Fixed Annuity Interest Rates Economic Turmoil Benefits Fixed Annuity Accounts …

November 17, 2008

Category: Annuities, Articles

Continue

Federal Reserve recently lowered key interest rates in order to battle the current credit crisis. This is not good news for bank investors who have relied on certificates of deposit and money market savings accounts to save and/or generate income. When inflation is factored in, most bank instrument’s returns are at historical lows. Additionally, the volatility in …

October 31, 2008

Category: Annuities, Articles, Ohio Annuity

Continue

The most recent market turmoil has many conservative investors second guessing their investment decisions. Those near or in retirement have witnessed significant losses to their IRA, 401(k) and 403(b) retirement accounts.  When the market crash of 2000 is factored in, many retirees have experienced an overall loss in their net worth for over ten years. …

October 17, 2008

Category: Annuities, Articles

Continue

Consumers who need a guaranteed, stable and systematic income can establish an immediate annuity account. Also know as an annuitization or an income annuity, these accounts provide regular monthly payments for a specified period of time to the account holder. The payments will consist of principal and interest and continue for the term selected. Several …

June 16, 2008

Category: Annuities, Articles

Continue

Recent significant stock market declines and portfolio volatility have many investors inquiring, once again, about the safety of annuity accounts. Consumers ask, “Are annuities safe from a recession? Do they maintain value when the market goes down? Will they lock in my interest gains each year?” The answer is, yes. Investing in a fixed, an …

January 29, 2008

Category: Annuities, Articles

Continue

Recent market volatility resulting in portfolio declines has once again lead to a demand for safe, insured investments. With so many investment options available, many conservative minded consumers want accounts that guarantee principal, investment growth and/or lifetime income. We assist retirees who are in search of a safe place to invest retirement portfolios, IRA’s, 403(b)’s and …

December 13, 2007

Category: Annuities, Articles, Ohio Annuity

Continue

In my numerous meetings with retirees, I have met many who live very comfortably in their golden years. Foremost, they have conservatively invested nest eggs typically in annuities and brokerage accounts. They also possess sizeable deposits at the bank including certificates of deposit, savings and checking accounts. This generation experienced the tribulations of The Great …

August 29, 2007

Category: Annuities, Articles

Continue

Interest rates remain at historic lows. Conservative investors who needed guaranteed income and preservation of principal are in a bind. In many cases, returns at the bank are below one percent, but fixed annuity accounts are providing much better yields. Many investors are purchasing fixed annuities rather than bank instruments in order to capture higher …

August 29, 2007

Category: Annuities, Articles

Continue