New Tax Perks For Non-Qualified Annuity Owners by Pete Mitchell
March 16, 2010 by Pete Mitchell
Filed under All Posts, Alternate Investments, Government Programs
On January 1, 2010, owners of nonqualified annuities were allowed some new tax benefits. On that date, the Pension Protection Act (PPA) of 2006 was fully implemented and brought about dramatic and interesting changes for those who had started annuities with after-tax dollars. At the start of 2010:
Pete Mitchell’s Immediate Annuties
February 25, 2010 by Pete Mitchell
Filed under All Posts, Alternate Investments, Everything IRA
Nobody wants to outlive their money. In fact, somebody recently asked me, “How do I organize my money so that I spend my last dollar on my last day of life?”
How To Know If An Indexed Annuity is Good For You by Pete Mitchell
February 9, 2010 by Pete Mitchell
Filed under All Posts, Alternate Investments
Fixed indexed annuities can be very useful investments. As the name implies, FIAs are fixed annuities linked to the performance of a stock market index (often the S&P 500). Because of this stock market exposure, they can sometimes bring conservative investors very nice returns – often, considerably better returns than CDs, bonds, or money market accounts. They really aren’t designed to outperform the stock markets; they are designed to outperform the fixed markets.
