Is an annuity is a good way for seniors to increase their income in retirement?–S.N.
The short answer is yes, an annuity can be a good way to safely get more income out of your retirement nest egg. But that doesn’t necessarily mean you should own one.
And even if you think you should, there are number of things you need to keep in mind before you consider buying an annuity, starting with what type makes the most sense for your situation.
For example, I find that the annuities typically peddled by people who sell them for a living — fixed index annuities and variable annuities — often come with onerous expenses and lofty fees that can drag down their returns and reduce the size of their payouts.
As if that’s not bad enough, such annuities tend to be exceedingly complicated, making it difficult for anyone who’s not a financial savant to understand how they work and how they’ll perform.
But there’s one type of annuity that can deliver the unique benefit only an annuity can offer — guaranteed income you can’t outlive — but is also relatively easy to comprehend. I’m talking about an immediate annuity. The concept is simple: You hand over a portion of your savings to an insurer and in return receive a fixed monthly payment no matter how long you live and regardless of how the financial markets perform.
Top Financial Stocks To Buy Right Now: The NASDAQ OMX Group Inc.(NDAQ)
- [By Brent Slava]
Power Solutions International Inc (NASDAQ: PSIX) shares plunged as much as 30 percent Tuesday on a report the company would be delisting from Nasdaq Inc (NASDAQ: NDAQ).
- [By Maureen Farrell]
Twitter will try not to mimic Facebook’s mistakes on IPO day.
NEW YORK (CNNMoney) At the start of last year, Nasdaq (NDAQ) and Morgan Stanley (MS, Fortune 500) were on top of the tech world. Both landed key roles in Facebook’s hotly anticipated initial public offering.
But Facebook’s IPO changed that. Both companies were widely criticized for Facebook’s face plant of a debut. The problems that marred Facebook’s IPO clearly hurt the image of Nasdaq and Morgan Stanley.
- [By Hibah Yousuf]
In a report outlining the growing operational risks at trading exchanges, S&P said the noticeable increase in technical snafus could trigger ratings downgrades for major operators like NYSE Euronext (NYX), Nasdaq OMX (NDAQ) and BATS Global Markets over the next few years.
- [By CNNMoney Staff]
Stocks continued to rally despite the fact that options trading was temporarily halted Monday afternoon at exchanges run by CBOE Holdings (CBOE), Nasdaq OMX (NDAQ), BATS Global Markets and Miami International Holdings due to issues at the Options Price Reporting Authority (OPRA), which provides trading data and price quotes.
- [By Jake Zamansky]
The Securities and Exchange Commission said on Wednesday afternoon it was in contact with the NASDAQ OMX Group (NDAQ) after the brief outage in the system that was at the heart of the three hour shutdown in August, according to a report by Reuters.
Top Financial Stocks To Buy Right Now: Barclays PLC(BCS)
- [By WWW.THESTREET.COM]
Banco Santander (SAN) : “I prefer Barclays (BCS) , but let’s wait and see what the other banks have to say”
ProLogis (PLD) : “I am not a fan of that group right now, but that one is best of breed.”
- [By Jon C. Ogg]
Barclays PLC (NYSE: BCS) was raised to Overweight from Equal Weight at Morgan Stanley. Its American depositary sharesclosed up 2.6% at $11.36 on Thursday and were indicated up 1.2% at $11.50 on Friday. The52-week range is $6.76 to $12.05.
Top Financial Stocks To Buy Right Now: Brookline Bancorp Inc.(BRKL)
- [By Dividends4Life]
Memberships and Peers: PBCT is a member of the S&P 500 and a member of the Broad Dividend Achievers Index. The company’s peer group includes: Bank of America Corporation (BAC) with a 0.3% yield, Brookline Bancorp, Inc. (BRKL) with a 3.7% yield and Westfield Financial Inc. (WFD) with a 3.5% yield.
Top Financial Stocks To Buy Right Now: KKR(KKR)
- [By Jon C. Ogg]
The long saga regarding Pandora Media Inc. (NYSE: P) has finally come to a head. Well, maybe. Rather than KKR & Co. L.P. (NYSE: KKR) investing $150 million, Sirius XM Holdings Inc. (NASDAQ: SIRI) will be investing up to $480 million in the streaming music rival. With its ticketing unit sale taking place as well, it might seem that Pandora is getting a great deal and helping to bolster its books.
- [By WWW.THESTREET.COM]
In the Lightning Round, Cramer was bullish on Kohlberg Kravis Roberts (KKR) , Opko Health (OPK) and Allergan (AGN) .
Cramer was bearish on Kimberly-Clark (KMB) , Novartis AG (NVS) , Chemours (CC) and Gulfport Energy (GPOR) .
Top Financial Stocks To Buy Right Now: SL Green Realty Corporation(SLG)
- [By Nelson Hem]
“Manhattan on Sale? That’s the Case With Two Cheap REITS” by Andrew Bary discusses whether Manhattan-focused real estate investment trusts Vornado Realty Trust (NYSE: VNO) and SL Green Realty Corp (NYSE: SLG) could rally as the New York market firms. Both trade at a discount to the value of private-market property deals, says the article.