Income For LifeDetermining Annuity Rates is a daunting task….. For advisers who do not listen intently to their clients.
However for advisers who do their job properly, and for their lucky clients, the process is to clearly define the goals, objectives, and timeline, and only then to find the right tool for the job.
Focusing on rates is but a small portion of the equation for optimizing a retirement income portfolio. More important is to analyze the goals, the assets, the needs, and the risks, facing an individual’s retirement plans. Only then is it appropriate to discuses annuity rates.
Become an educated annuity buyer, and know when it’s appropriate to focus on the annuity rate.
Where Are Annuity Rates Emphasized?
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Sure, you can find a high appreciation rate…. but is it coupled with a murderous surrender schedule??
Is a big, bold payout rate masking the fine print, where you realize the payout rate is based on an annuity’s income value, and the actual account value has no guarantee whatsoever?
Beware that which sounds too good to be true… it usually is. Focus on what you need… what provides you the best combination of Safety, Security, and Profitability, in that order.
Focusing on annuity rates only is to focus on one leg of a three legged stool.
