|
Author: Tony Bahu Article source: http://www.businessfinancearticles.com/. Used with author's permission.
Many people buy annuities according to their agent's recommendations. However, many people do not even know what they own. It is a good idea to take inventory of your investments, and particularly your annuity. It is important to understand what your annuity can and cannot do and what features it has. Here are some of the things you definitely must be sure to know about your annuity:
1. What interest rates are you currently getting?
2. Are the interest rates getting worse?
3. What is the rating of your insurance company? (Critical)
4. What are your surrender charges?
5. Is your principal ever at risk?
6. What retirement & income options does your annuity have?
7. Is your annuity Medicaid Friendly?
8. Did you properly designate your beneficiary annuitant and even ownership of your annuity?
9. How safe is your annuity?
10. Is your annuity subject to double taxation?
12. What is your minimum guarantee?
13. Are you eligible for a 1035 exchange?
14. What happens in the event of your death? Are your beneficiaries entitled to all of the money or are there penalties?
This is a good beginning inventory list. These questions are important in assuring you are doing what is right for you. As we said before, the best annuity is the one that is best for YOU. And by taking inventory of what you own, you can now assess it against your own goals and make sure there is a match.
By the way, this is a good process to go through periodically. As you know, your needs change over time. And as they change, you must make sure your investments are always in line with your goals. If they are, great. If they aren't, well, change your goals---or change your investments! But make sure there is a match.
Hopefully this helps. And remember, it's not what you know; it's what you do with what you know. If this makes sense, then pull your annuities out and take inventory. There is no better time than the present. Tony Bahu is the author of the controversial document,
'Annuities: The Shocking Truths Revealed', which reveals the secrets that the banks and insurance companies don't want you to know.
For more information on his document, visit the site below right now!
http://www.AnnuityMD.com
The Truth About Roulette Systems and How to Win!
Casinos have an edge and they make money, FACT. Players bet on Roulette and the game has a built in edge in the casinos favour. The player wins or loses on indi...
Business Innovation – the Best Ideas
Some ideas are better than others. No doubt about it. But some types of ideas are also better than others:
Become A Smarter Borrower
With a nation that has in the region of a Trillion pounds of debt one could say we are serial borrowers. Before you consider borrowing money it is wise to consi...
Superman
There are many talented poets on my site who write acrostic or name poetry. I was deeply moved by the death of Christopher Reeve and thought I would take a stab...
Heres What a Jacuzzi Will Do For You
Jacuzzi's are a great recreational and health benefit for a home. Having some idea what type and what uses you will have for it, are keys to purchasing the righ...
Moving Without A Job: Should You Move to the Location of Your Dreams and THEN Look for a Job?
Moving without a job will challenge your identity -- but for some people, it's the best way to go. Here are some ways to deal with the question. How will you....
You Can Be An Author
"You should write a book." For years, I had been hearing this comment. Writing an entire book seemed completely overwhelming, and so, for a long time, I content...
Are You Surfing Safe?
Ok, you've got a computer, and you get online.
I Am…
…you are, he is, she is, they are… But you knew that already, didn't you? Or have you really stopped to think about it recently - or ever for that matter? Huh...
Yoga is a Safe Solution to Weight Control
One more study tells the world, that Yoga can help with weight control and weight loss. The latest study was held by the Fred Hutchinson Cancer Research Center...
Adsense Secrets
Adsense Secrets
Would You Hire This Teacher?
Imagine you were the principal of the school that your child would be attending. Imagine that you were authorized to pick out which teachers to hire.
Content for Coders
The one thing that any new Webmaster hears when searching for tips on how to improve their site is this: Content is King. And its true; good, high quality conte...
Baby Shower Game Pictionary
Baby shower party game ideas will allow your guests to get to know each other. Usually not all the guests at baby showers know each other. Even if they do, baby...
Conflict Resolution - Managing Workplace Conflict
It goes by many names -- conflict prevention, conflict resolution, conflict management, the names go on. These terms were all created to combat a similar proble...
Roman Shades Made From Fabric
Fabric Roman shades are made from a single panel of fabric. A sting is run the length of the fabric so that when the cord is pulled, it raises the shade in regu...
Is There Any Money Left In Currency Trading?
Currency trading may be one of the most liquid forms of trading, but it is also a volatile market that requires strategy if you wish to make money. The truth is...
Wholesale Dollar Store Items: How To Find The Best Wholesale Dollar Store Items Deals For EBay
Wholesale dollar store items can be sold using the wholesale eBay categories.
Nutrition for Macular Degeneration.
Nutrition for macular degeneration.
Create a Joyful Home with Living Accessories: Houseplants
Discover the benefits of houseplants: natural air filters and interior design enhancements. Interior design, care, and feeding tips.
Digital Camera Disc Formats
As it is a fact that digital cameras are comprised of miniature computers that have storage discs for retrieving the images as digital information, so a certain...
Using Psyllium For Relieving Constipation
Psyllium seeds are a popular fiber that is used for relieving constipation. Here's how you can use it successfully to relieve constipation.
The Hidden Traffic Strategy That Skyrockets Your Profits
If you agree that traffic is the true currency of the web, then you'd want to read this article very carefully… Every web site owner and Internet marketer with ...
Say Adios to the Fear of Rejection!
Do you ever get an uncomfortable feeling in your stomach when you have to approach someone? In situations like this does your mind go blank? This is not unusu...
|
Print this page