Are Retirement Annuities a Good Idea in Canada? When Should I Invest In Annuities? How much does a $100,000 Canadian annuity pay out every month? Are there downsides to annuities in Canada? Is a Canadian Annuity Right for You? Canadians appear to love the idea of a teacher-pension-esque...
Mistake #3 – Using an All-In or All-Out Approach Depending on your risk tolerance and your need for current income, you may want to find a way to diversify your money. Leaving some of your portfolio in stocks may be a good idea, but consider a more conservative asset allocation mix....
And even if you’re using the annuity to fund an ongoing expense, it can still be a good idea to take payments from the annuity rather than converting it all at once. That’s because thresholds for higher tax rates are not triggered until you make much larger amounts of distributions (f...
And it might be a good idea to enlist the help of a professional advisor who doesn't have a stake in your decisions -- an advisor whom you'd pay by the hour or with a flat fee and who doesn't accept commissions. Advisors who charge a percent of assets wouldn't be too inclined ...
Stupidity risk.If you do-it-yourself, what ifyouaren’t very good? The idea of safe withdrawal rates is a starting point, but even that assumes a theoretical 60/40 you-didn’t-panic-when-stocks-dropped-50-percent portfolio. I like the idea of adding some robustness with more flexibledyna...
payment (and thus all future payments). This means you can effectively “buy” a bigger inflation-adjusted annuity by spending down your personal savings for the years that you are delaying Social Security. Smart people have done the math and shown it’s a good deal relative to private ...
I am considering a fixed indexed annuity with 6.00% roll up. Is this rate really guaranteed? The salesman said there is a 0.95% rider fee. Is this a good idea? Hersh Stern (ImmediateAnnuities.com) 2015-06-25 14:27:52 Hi Jim-
Annuity Mumbo Jumbo – Fast Talk Masks Bad Information March 10, 2015 Chances are good if you're at retirement age or close to it, you've been pitched annuities. You may have gotten a mailer promising free dinner to attend a “retirement seminar.” Or, you've seen TV ads with senior-...
this is to assume that over the entire life span, this individual has a 30% reduced death probability every single month. So, if your baseline death probability in month zero at age 55 was 0.0612%, your scaled death probability is only 0.0428% or 0.7×0.0612%. Is this a ...