Commission-Based Compensation:Financial advisors typically earn a commission on the sale of annuities. This commission can be substantial and provides a significant incentive for advisors to recommend annuities as part of their clients’ investment portfolios. It’s essential to be aware of this potenti...
You can't charge a fee on those, and those are irrevocable lifetime income products, which means that money in the firm's eyes is gone. So, I don't blame the financial advisors for mouthing and mimicking the "I hate annuities" mantra because, number one, they're kind of told that ...
How do financial advisors make money? Not only are there many different types of financial advisors, but advisors also make money in many different ways. Some advisors charge an ongoing fee based on the amount of assets they manage for you, some are paid commissions from the products they sel...
A financial advisor provides financial advice or guidance to customers for compensation. This includes some services, such as investment management, tax planning, and estate planning. Because there are various ways financial advisors can charge for their services, new clients are often perplexed by how...
Financial Advisor A financial advisor is a professional who can recommend investments to their clients and buy and sell securities on their behalf. Financial advisors may or may not be fiduciaries. Some financial advisors specialize in a specific area, such as tax or estate planning. ...
I'm your host, Stan, The Annuity Man. Today's topic is: When Annuitization Becomes the Final Choice. Let me explain that to you. Most people, incorrectly, and even some advisors and financial journals, think that annuities are only one type—lifetime income or Immediate Annuity. ...
Selling your annuity payments can be a way to free up cash, but it’s a decision that shouldn’t be taken lightly. It’s a very expensive way to access your own money. Carefully weigh the pros and cons, considering your future financial needs and potential tax implications. Speaking with...
Understanding the relationship between interest rates and annuity payments is essential for individuals considering annuities as part of their retirement planning strategy. By monitoring interest rate trends and consulting with financial advisors, individuals can make informed decisions about the timing and ty...
Work as a financial adviser typically requires a related securities or insurance license. As a financial adviser you would help clients select and put their money to work with investments, insurance products or annuities. Depending on where you work, you may need a stock broker's license or a...
How you might want to use the money depends on your financial status and goals. Here are some options to help you decide what to do with $5,000. Feed your brain. Fund your future. Subscribe now 1. Get on solid financial footing Have a cash buffer. At minimum, consider keeping at ...