Read Annuities For Dummies, 3rdEdition.This completely revised and updated, plain-English guide is packed with the latest info on choosing the best annuity for your retirement needs. You’ll find out precisely what annuities are, whether they’re the right financial vehicle for you, and which of the a good deal of annuity choices might have your name on it. You’ll learn the ins and outs of using annuities to fund your retirement years, figure out whether to stress investments with insurance or insurance with investments, and find out how the right combining of annuities may aid you squeeze more income out of your savings that any other financial tool.
Discover how to:Identify the main types of annuities
# Weigh the pros and cons of annuities for yourself
# Minimize the complexity and cost of your annuity investment
# Figure out how much cash to commit
# Avoid mutual annuity pitfalls
# Create an income you can’t outlive
The time to commence securing your financial future is now. Annuities For Dummies, 3rd Edition, gives you knowledge, insider tips, and expert counsel you need to make your cash do it is best for you.
Most helpful client reviews26 of 26 humans found the following review helpful.Helping Make Sense of AnnuitiesBy Chaplain T. L. Jones Annuities For Dummies by Kerry Pechter is a very readable guide to annuities that makes sense of a very perplexed insurance product (and what insurance merchandise are NOT complicated?) Pechter guides the reader through a brief history of annuities to a wide view of how they work, and on to specific facts in regards to the respective kinds of annuities available.
The only slight criticism is that his formally presenting something is a bit overly favorable toward annuities, bolstered by selective statistical examples, like the one on p. 21. Hypothetical retired person “Smith” was over-invested in bonds and cash, which do not provide shelter versus inflation.
That is partly why hypothetical retired person “Jones” with his annuity and stocks did better. Was it the annuity or the stocks that made the difference? The logic behind the example is undoubtedly that without an annuity, Smith would want very secure investments, hence, bonds and cash. All in all, the book will help any reader make better selections with regards to annuities. And it’s a fun read!18 of 18 persons found the following review helpful.A first-rate and understandable overview of a very complex subjectBy John L. Olsen “Annuities For Dummies”, by Kerry Pechter, is a terrifi book!
Annuities may be wickedly perplexed (and are often far more perplexed than they ought to be), but Pechter’s comprehensible statement is uniformly clear and understandable. That, alone, would make his book unusually valuable. But it’s also exact and fair, which makes it darned near distinctive amidst writings in regards to insurance productions by financial journalists.I’m an annuity expert (co-author of “The Annuity Advisor” and author of a great deal of articles, in respective journals, with regards to annuities), and I found this book informative.
(I wish I’d made sure points as without doubt or question as Kerry does). I’ve commended it to insurance agents and buyers and will proceed to do so.- John L. Olsen, CLU, ChFC, AEP6 of 6 people found the following review helpful.Annuities for DummiesBy Carol Smith This book is a no nonsensicality break through on understanding the mind boggling world of annuities of all kinds.
The book is timely since this topic is now going to be of high interest given aging baby boomers. The book is well coordinated and an easy read. There is an adverse typo problem on the critical titling rules chart that left me searching elsewhere for the necessary answers. I commend this chart be fixed before the book is republished.See all 10 client reviews…
# From the Back CoverUse annuities to build your own pensionWill annuities work for you?
Get the nitty-gritty on these financial toolsAre you a baby boomer who’s regarding to retire? Are you concerned with regards to your financial future? Relax. This plain-English guide will walk you through the ins and outs of using annuities to fund your retirement years. Find out what annuities are, whether they’re the right financial vehicle for you, and which of the a great deal of choices might have your name on it.Discover how to:
Make sense of annuities
# Weigh all the masters and cons
# Figure out how much cash to commit
# Create an income you can’t outlive
# Avoid mutual annuity pitfalls
About the AuthorKerry Pechter is the senior editor of Annuity Market News. As a reporter who writes with regards to annuities and the annuity industry full-time and as a former marketing writer who specialized in annuities at The Vanguard Group, he brings both an outsider’s and an insider’s perspective to the writing of this book.
A financial journalist for numerous years, Kerry has written for the New York Times, the Wall Street Journal, the Los Angeles Times, and numerous other national and territorial publications. His former books include two career guides, A Big Splash in a Small Pond: How to Get a Job in a Small Company (Fireside) and An Engineer’s Guide to Lifelong Employability (IEEE). He is a graduate of Kenyon College.
Members of the Life Insurance and Annuities Committee at the National … and explain whether the optional features are included in the illustration. … http://www.lifeandhealthinsurancenews.com/News/2011/8/Pages/NAIC-Panel-History-is-Just-History.aspx
Annuities are pension products that give you regular income against … What will benefit policyholders and possibly help agents explain pension plans … http://www.livemint.com/2011/08/03213849/Irda-proposes-to-alter-guarant.html?h=B
… GBP 1 billion on a number of them, and Nic will explain on that later. ….. At the retail level, we wrote lower volumes of individual annuities this … http://seekingalpha.com/article/285317-prudential-plc-s-ceo-discusses-q2-2011-results-earnings-call-transcript
Economists call this state of affairs the annuity puzzle. Several readers wrote to explain why they did not own (or recommend) annuities. …
http://www.nytimes.com/2011/07/17/business/economy/when-the-wait-for-social-security-checks-is-worth-it.html
