Author name: John Stevenson

Gifting an annuity involves specific rules to avoid tax pitfalls and legal complications. This article covers the essential regulations, types of annuities eligible for gifting, and tax implications such as the three-year rule. Summary Need help choosing the best annuity for your unique situation? Have questions about getting an annuity? If so, it’s best to

If you are dealing with complex annuity contracts, you might be wondering, ‘Do I need an annuity lawyer?’ An annuity lawyer can help you navigate the intricacies of annuity contracts, resolve disputes, and protect your financial interests. In this article, we’ll explore when it’s essential to seek legal help for annuities and what you should

So a lot of people want long-term care coverage and for good reason. Right now statistics show that 7 out of 10 seniors will need long term care at some point in their retirement. None of us want long-term care but sometimes we need it and the cost can be quite substantial depending on how

What is the full truth about annuity loans? Are they a good option for you in retirement? This article dives into the crucial aspects you need to consider: from eligibility to interest rates, fees, and tax implications, providing the insights necessary for a decision that aligns with your financial well-being. Summary Need help choosing the

What is an annuity buyout? It’s a financial move where you exchange the promise of future payments from an annuity for a lump sum today. If you’re evaluating this option, understanding the strategic trade-offs is critical. In this article, we’ll dissect the mechanics of annuity buyouts, and help you decide if this is best for

The standard annuity is the annuity that gives the highest amount of income for your lifetime. And if you pass away before the money is used up then whatever is left in there is given to your beneficiaries. It is designed to offer a steady income stream during retirement, ensuring financial stability over the long