The Best Fixed Indexed Annuities in Virginia

The Best Fixed Indexed Annuities in Virginia by Virginia Annuity Resource

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Virginia Annuity Resource is the best broker in Virginia to learn about Fixed Indexed Annuities. There are no other options besides learning here.  You can shop, compare, and finalize your product on your time frame to make sure that the carrier and product best suits your needs. We are Annuity Brokers that deal with all top carriers with only high ratings to ensure you will never have to worry about what your investment is doing. Fixed Indexed Annuities are great retirement savings products because they give you many many options for account accumulation. Fixed and Indexed accounts asset allocation is up to you each year.

 

Fixed Index Annuities are named this way because you have the option of allocating your assets into a fixed account which earns fixed interest. Once this interest is credited it cannot go down. Then there is the other option of allocating your account into different indexes for growth only which is linked to a selected index. Insurance companies do have caps on this growth, but it is fair compared to substantial losses many of our clients have faced with other investments. Again, once interest that is earned from these index baskets as we like to call them get credited to your account, it cannot go down. Even if there is a major collapse like we all experienced in 2008, many accounts stayed the same with no loss. Granted there was no gain, but as things got back to semi-normal, gains were again seen in these index account allocations.

One thing to consider with Fixed Indexed Annuities are Income Riders. Income riders are available in most products but do come at a cost. If you decide to elect lifetime income, you in essence exchange the right of a lump sum to lifetime income based on a percentage according to your age. Fixed Indexed Annuities are great investments that can help you achieve lifetime income in retirement. However, not all products are equal and might not match your unique situation so please consult an Annuity Broker to discover all of your options.

We look forward to helping you in Virginia to discover your options and retirement plan with Fixed Indexed Annuities with Income Riders.

Thank you

Jack Fleming – Virginia Annuity Broker

The Best Fixed Annuities in Virginia

The Best Fixed Annuities in Virginia by Virginia Annuity Resource

Time is money. Money and hourglass on scale

   Virginia Annuity Resource is the best broker in Virginia to learn about Fixed Annuities. We offer free advice and an online spreadsheet of all products to get you the best rates for your Fixed Annuity. Fixed Annuities over the years have been used for many reasons like just saving money, but not with a bank. You see Annuities are insurance contracts between you and the insurance company. You have the cash and they will pay you a fixed interest rate for a specified period of time. There are many variations of fixed annuities but many have 5 year terms, or 7 year terms or even longer. We do not suggest you open one longer unless it is part of a fixed annuity laddering strategy and it is only part of your money that will not be needed for that specific term. It is extremely important to understand the contract you are entering into with a Fixed Annuity.

 

     Savers are savers and spenders are spenders and we talk to spenders all the time. They feel like they have to keep up with society and the latest products and trends. However once in a while we do have the pleasure of talking to fellow savers like ourselves and help them start a annuity savings strategy where they save, rollover, save and keep earning more and more for retirement. Rates with Fixed Annuities will always be better than what a bank can offer and we do business often with bankers. Browse the website and learn about what Fixed Annuities can do for you.

     We wanted to share a laddering strategy with Fixed Annuities while you are here. Lets use a 10k dollar example. Split that 10k into 5 parts of 2k each. The first 2k open a ten year fixed annuity. The second 2k open a 7 year fixed annuity. The third 2k open a 5 yr fixed annuity. The fourth 2k open a 3 yr fixed annuity. The last 2k open a 1 yr fixed annuity. When the 1 yr matures, rollover to a 10yr fixed annuity. Keep going and rollover each annuity for a set amount of time to ensure you will always have liquidity. When looking at a savings strategy, you will always want a portion of your assets in liquid form, this this laddering strategy only limits you to a short period of time without access to funds. We hope you find this website informative and look forward to helping you in Virginia.

Thank you

Jack Fleming – Virginia Annuity Broker

The Best Annuities in Virginia

The Best Annuities in Virginia by Virginia Annuity Resource

 

Virginia Annuity Resource is the best place for residents that live in Virginia to learn, shop, compare, and purchase Annuities. If you want to start a savings plan, a retirement account, or a laddering strategy, we have the carriers and the knowhow to get it done for you. Virginia Annuity Resource is licensed and bonded and appointed with only the best rated insurance companies that offer annuities so rest assured that your nest egg is in good hands earning interest that cannot go down. That is right, once interest is credited to your annuity contract, it can never go down. There are so many benefits to annuities that we created this website for you to learn about them and what they can help you achieve on your path to savings and retirement.  There is an Annuity for every life stage as Annuity issue ages are 0-80. Take a quick look at this video and let us know if we can be of service.

 

 

Thank You

Jack Fleming – Virginia Annuity Broker

Retirement Planning in Virginia

Retirement Planning for residents living in Virginia

Virginia Annuity Resource offers Retirement Planning for residents living in Virginia. We believe that starting young and keeping discipline throughout your whole life will ensure you will have enough assets to last through retirement. If you are already closer to retirement and need an intervention, we do those as well. We will take a realistic approach to your wants and needs to ensure there will be an income stream you can never outlive. We feel Annuities are the best financial vehicle to achieve that. Take a look around our website and we would be happy to work with you.

Thank you

Jack Fleming – Virginia Annuity Broker

Annuity Review Service in Virginia

Get a free Annuity Review Report

 

 Virginia Annuity Resource wants to make sure that you are happy with your current Annuity. For those clients that have purchased annuities in the past for various reasons either to start a laddering strategy with Fixed Annuities. To start a Retirement savings plan using a Fixed Indexed Annuity. Even if you have looked at possibly an Immediate Annuity to buy an immediate pension. There are new products and rates as well as features do change depending on the carrier. Some carriers use an incentive of renewal rates each year to keep pace with the market conditions. What ever Annuity you have, we can prepare a free Annuity Review report to let you know all of your options.

 

 

 

Thank you

Jack Fleming – Virginia Annuity Broker

Annuities for Dummies

Virginia Annuity Resource offer Annuities for all residents living in Virginia. We believe that Annuities are great investments so you do not have to be a dummy to understand Annuities. We try to make things simple. Instead of depositing money into a bank with little or no interest earned. It does not take a dummy to understand that you can deposit that same amount of money with an Insurance company and earn better returns. Ask us how to earn more than banks. If you don’t, then you are a dummy!

 

 

We look forward to helping you understand what Annuities can do for you and create a lifetime income stream that you can never outlive in Virginia.

Thank you

Jack Fleming – Annuity Broker

 

Social Security Maximization

Virginia Annuity Resource is an affiliate of Maryland Annuity Resource and offers free Social Security Maximization reports. We know that most of you only plan on Social Security when it gets time for your to retire. But we believe it is a subject that should be explored and understood to know all of your options. Through this free report, you will understand when to file, how to file and expected payments you will get from Social Security when you file. We hope you take advantage of this free report and we will help you understand all of your options.

 

 

Please contact us so we can email you the intake form to receive your free Social Security Maximization report.

Thank you

Jack Fleming – Annuity Broker

Virginia Annuity Resource All About Annuities

Virginia Annuity Resource offers Annuities, Fixed Annuities, Fixed Indexed Annuities, and Immediate Annuities to residents living in Virginia.

Check out our affiliate video so see if an Annuity if right for you!

 

 

 

Welcome to Virginia Annuity Resource

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We are happy to announce the addition of Virginia Annuity Resource. We know that many of our clients have benefitted from Annuities.

This website was designed and created to help educate all people of Virginia, Maryland, and Washington D.C. to learn about Annuities, Retirement options and creating an Income for Life through Insurance product like Annuities. Annuities are not for everyone, however there are many positives to owning an Annuity. Annuities are Insurance products offered by Insurance companies that have many nuances that are at first difficult to understand. You will find that owning an Annuity and reaping the benefits of your product far outweigh the returns you can receive in the market. The best thing, I think about Annuities is when your interest is credited, it is locked in and cannot go down. The market goes up and down. When the market goes up, your gains are locked. When the market goes down, you have an allocation option called the Inverse Performance Trigger. That is an option you can choose at anniversary or at contact opening. The Inverse Performance Trigger is kind of like shorting a stock. If the Index has zero gains, you are guaranteed a set return. If the Index has a negative return, you are guaranteed a set return.

There are many, many choices that you have to choose from. It all depends on your preferences. You have the S&P 500, Nasdaq, Russell 200 to name a few. The best thing about Annuities I think is that they have moderate surrender charges. It almost forces you to keep the account open. Remember this is money that you don’t really need for day to day living and you want to invest in your future. Each state has suitability guidelines you must meet to even be able to invest in an Annuity. The unique thing about Annuities is that they will offer you modest if not great returns based on the contract features that include floor rates and cap rates. Floor rates and the minimum that you can earn in returns. Cap rates are the max you can earn even if the index does better than the cap. There are also participation rates that some products offer. Participation rates are rates that offer potentially higher returns from the index you have allocated. If you choose a participation rate of 50% and the index has a return of 9%. You have just earned 4.5% on the funds you have allocated to that part of your annuity.

There are several types of Annuities and you have to educate yourself on which one best suits your needs. There are Fixed Annuities that offer a fixed rate of return similar to a CD with a bank. These Fixed Annuities offer guarantees from 1 to 10 years depending on the initial investment. These types of Annuities are ideally suited for Laddering strategies.

There are also Fixed Indexed Annuities. These types of Annuities have several options for Index choices as well as a couple of different options for income. First of all, the reason it’s called Fixed- Indexed is because there are two types of accounts inside of one. There is a fixed account that the insurance company will offer a guaranteed rate of return. Funds deposited through the year will usually get deposited into the fixed account until your annual allocation. There is also an Index Account that you allocate where your funds will be invested. Think of this as an account with one big basket with two little baskets inside of it. That is the best way I can explain it. Sometimes the insurance company will offer bonuses on premium for as long as 7 years. That means that any funds deposited into the account will receive a bonus. Some of these bonus annuities have lower cap rates so please look at all of your options.

The Fixed Indexed Annuities also have an Income feature. This feature is called an Income Rider. Some companies call it a Guaranteed Income Withdrawal Rider. A rider is an attachment to the original contact. The rider has a cost and offers anywhere between 5.5% for life to 6.5% for 10 years. Some Insurance companies have different options but what this means is that you agree to keep the annuity for a certain contract period in an in return you will receive income for a specified period of time, or even for life. Most contracts have a spousal continuance feature which means that if you elect to receive income from the Annuity, and you expire, your spouse will continue to receive the income for life. If there are any funds left in the account after both husband and wife expire, then the proceeds are distributed to the beneficiaries.

The last type of Annuity that we offer are Immediate Annuities. Immediate Annuities are offered by Insurance companies as a way to create a pension. Once funds are deposited with a Insurance company, the immediate annuity will pay  a determined amount back to the annuitant each month, each year until the death of the annuitant. These Immediate Annuities can pay benefits for Life, Life with installment refund, Life with cash refund, or Certain. There are many options for all of these types of Annuities so please read all literature and examine the contracts closely to ensure that you know and fully understand each contract. We love Annuities and what they can provide for people. Income for life these days almost seems to good to be true but it is a reality that we help customers each day.

We hope you like our website and spread the word about it. We are open, honest and very transparent about what we do, what we offer, and how you get to where you need to be. That was a great first post and many more to come. If you have a specific question about your annuity, please feel free to call us or email so we can help you be clear on your financial decisions.

Jack Fleming – Insurance Broker

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