Income Annuity Quotes

Solving problems and settling issues is good lawmaking, but it’s not lucrative. It is gridlock, confusion, and rehashing fights that create streams of income—like an annuity—for the Permanent Political Class.

The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the counterfeiters. And on and on the new money ripples out through the system, going from one pocket or till to another. As it does so, there is an immediate redistribution effect. For first the counterfeiters, then the retailers, etc. have new money and monetary income they use to bid up goods and services, increasing their demand and raising the prices of the goods that they purchase. But as prices of goods begin to rise in response to the higher quantity of money, those who haven't yet received the new money find the prices of the goods they buy have gone up, while their own selling prices or incomes have not risen. In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.

The illusions of childhood had vanished, so also had the ideas he brought with him from the provinces; he had returned thither with an intelligence developed, with loftier ambitions, and saw things as they were at home in the old manor house. His father and mother, his two brothers and two sisters, with an aged aunt, whose whole fortune consisted in annuities, lived on the little estate of Rastignac. The whole property brought in about three thousand francs; and though the amount varied with the season (as must always be the case in a vine-growing district), they were obliged to spare an unvarying twelve hundred francs out of their income for him. He saw how constantly the poverty, which they had generously hidden from him, weighed upon them; he could not help comparing the sisters, who had seemed so beautiful to his boyish eyes, with women in Paris, who had realized the beauty of his dreams. The uncertain future of the whole family depended upon him. It did not escape his eyes that not a crumb was wasted in the house, nor that the wine they drank was made from the second pressing; a multitude of small things, which it is useless to speak of in detail here, made him burn to distinguish himself, and his ambition to succeed increased tenfold.

Government inflation-protected securities (in the United States, these are Treasury Inflation-Protected Securities, or TIPS) A low-cost total U.S. domestic equity (stock) index fund, either a mutual fund or an exchange-traded fund (ETF—i.e., a sort of mutual fund that can be traded like stocks on an exchange) A low-cost total international equity index fund, either a mutual fund or an ETF Single-premium income annuities Low-cost term life insurance

Exhibit 6.2 Cost of $1,000 in Monthly Lifetime Annuity Income, Starting at Age 65 Year Male Female 2004 $157,432 $167,818 2005 $157,255 $167,817 2006 $151,700 $161,363 2007 $151,524 $160,966 2008 $147,953 $155,843 2009 $156,500 $165,502 2010 $170,116 $178,410 2011 $174,828 $182,952 2012 $187,008 $195,216 2013 $183,728 $191,571 Average $163,804 $172,746 Source: CANNEX Financial Exchanges for non-COLA-adjusted qualified annuity income with a 10-year guarantee for California.

To understand what that means in commonsense terms, consider a person who plans to live off the income from $1 million invested in T-bills. Suppose he retires in a given year and converts his investments into an inflation-protected annuity with a return of 4% to 5%. He will receive an annual income of $40,000 to $50,000. But now suppose he retires a few years later, when the return on the annuity has dropped to 0.5%. His annual income will now be only $5,000. Yes, the $1 million principal amount was fully insured and protected, but you can see that he cannot possibly live on the amount he will now receive. T-bills preserve principal at all times, but the income received on them can vary enormously as return on the annuity goes up or down. Had the retiree bought instead a long-maturity U.S. Treasury bond with his $1 million, his spendable income would be secure for the life of the bond, even though the price of that bond would fluctuate substantially from day to day. The same holds true for annuities: Although their market value varies from day to day, the income from an annuity is secure throughout the retiree’s life.

Puget Sound Annuities leader, David Snavely leads the financial planning firm which was brought about through the company he founded 36 years ago—Sound Investment Services. He focuses on retirement income planning and assists clients as they create customized plans to meet their future goals. Mr. Snavely’s company provides an array of services as well as financial products. These include retirement and estate planning, insurance, and investments. In his spare time, he can be found enjoying the outdoors.

Wade Pfau, Ph. D., CFA, is a Professor of Retirement Income in the Ph.D. program at the American College. He holds a doctorate in Economics from Princeton University and is very well respected in the discipline of retirement income. He is the co-editor of the Journal of Personal Finance and has published many articles in

The amount that you contribute to the annuity, the length of time before you decide to access your income stream, and your age at the time your income begins are the primary factors that will ultimately contribute to the amount of income you’ll receive.

However, the biggest factor is the product you select. Every annuity contract is different in the amount of contractually guaranteed income it will provide, so it’s important you understand this before you pull the trigger.

The best solution in our view would be to combine the enactment of a negative income tax with winding down Social Security while living up to present obligations. The way to do that would be: Repeal immediately the payroll tax. Continue to pay all existing beneficiaries under Social Security the amounts that they are entitled to under current law. Give every worker who has already earned coverage a claim to those retirement, disability, and survivors benefits that his tax payments and earnings to date would entitle him to under current law, reduced by the present value of the reduction in his future taxes as a result of the repeal of the payroll tax. The worker could choose to take his benefits in the form of a future annuity or government bonds equal to the present value of the benefits to which he would be entitled. Give every worker who has not yet earned coverage a capital sum (again in the form of bonds) equal to the accumulated value of the taxes that he or his employer has paid on his behalf.

David Snavely’s Guide to Fixed-Index Annuities: Secure Growth for Your Retirement.....Planning for retirement requires smart financial decisions to ensure long-term stability and growth. While traditional savings and investment options have their place, many individuals seek a solution that offers both security and market-linked growth potential. According to David Snavely, a trusted financial expert, Fixed-Index Annuities (FIAs) provide a unique balance between protection and opportunity, making them an attractive option for retirees and pre-retirees. What Are Fixed-Index Annuities? A Fixed-Index Annuity (FIA) is a retirement savings product offered by insurance companies. Unlike traditional stock market investments, FIAs offer: ✔ Principal protection, ensuring you never lose your initial investment due to market downturns. ✔ Market-linked growth potential, allowing you to earn returns based on a stock market index. ✔ Tax-deferred earnings, meaning you don’t pay taxes until you start withdrawing. ✔ Lifetime income options, providing a steady income stream for retirement. According to David Snavely, FIAs are not direct stock investments. Instead, your money is linked to an index like the S&P 500, allowing you to benefit from market gains without the risk of direct losses. Why Fixed-Index Annuities Are Popular for Retirement 1. Risk-Free Market Participation Unlike stocks and mutual funds, FIAs ensure you don’t lose money if the market crashes. Even if the market declines, your principal remains safe, making them an excellent option for those who prefer stability over high risk. 2. Predictable Retirement Income FIAs offer customized payout options, including: Lump-sum withdrawals Guaranteed lifetime income Structured payouts for financial security David Snavely recommends FIAs for individuals who want a steady income stream without worrying about market volatility. 3. Tax-Deferred Growth Because FIAs grow tax-deferred, you don’t pay taxes on earnings until you withdraw them. This allows your money to grow faster than taxable accounts, helping you build greater wealth over time. 4. Inflation Protection & Legacy Benefits Some FIAs include inflation-adjusted payouts and death benefits, ensuring your money retains its value and passes on to beneficiaries without going through probate. Who Should Consider a Fixed-Index Annuity? David Snavely suggests FIAs for: ✔ Conservative investors who want market exposure with safety measures. ✔ Retirees looking for stable, predictable income. ✔ Individuals seeking additional tax-deferred growth options. ✔ People who want to leave a financial legacy without complications. Final Thoughts from David Snavely A Fixed-Index Annuity offers the perfect blend of growth, security, and retirement income, making it a valuable tool for many investors. However, selecting the right FIA requires careful planning and expert advice. According to David Snavely, before choosing an FIA, it’s important to assess your financial goals, risk tolerance, and long-term needs. Consulting a financial professional can help you maximize your retirement strategy and ensure financial confidence for years to come.

David Snavely’s Insights on Fixed-Index Annuities: A Secure Path to Retirement When planning for retirement, one of the biggest challenges is ensuring financial stability while protecting your savings from market downturns. Many retirees seek guaranteed income but don’t want to risk losing their hard-earned money. This is where Fixed-Index Annuities (FIAs) come into play.

Who Should Consider a Fixed-Index Annuity? David Snavely suggests FIAs are ideal for: ✔ Retirees who want stable income with no risk of losing their savings. ✔ Investors looking for tax advantages to grow their retirement funds. ✔ Those who want a low-risk investment option with market growth potential. ✔ Individuals interested in estate planning to pass wealth efficiently to their heirs.

With a focus on Fixed-Index Annuities, tax-efficient strategies, and retirement income planning, David ensures that his clients can grow their wealth while protecting their assets from market volatility. His expertise in financial planning allows individuals and families to build secure, stress-free retirements while maximizing their financial potential.

When he’s not helping clients navigate their financial future, David stays up to date with industry trends, market changes, and emerging investment opportunities to provide cutting-edge financial strategies. Key Areas of Expertise: ✔ Retirement Planning & Income Strategies ✔ Fixed-Index Annuities & Risk Management ✔ Tax-Advantaged Investment Solutions ✔ Estate Planning & Wealth Transfer ✔ Financial Consulting for Long-Term Growth Whether you're preparing for retirement, looking to optimize your investment portfolio, or seeking expert financial advice, David Snavely is dedicated to helping you achieve financial confidence and long-term security.

As David Snavely explains, FIAs are designed for individuals who want steady growth with no risk of losing their investment. Why Fixed-Index Annuities Are Gaining Popularity More people are turning to FIAs for their retirement strategy because they offer: 1. Protection From Market Volatility Unlike traditional stocks and mutual funds, FIAs safeguard your savings. Even in an economic downturn, you won’t lose your principal investment. 2. Predictable Income for Retirement One of the biggest fears retirees face is running out of money. FIAs provide an option for guaranteed lifetime income, ensuring you never outlive your savings.

Speaking with an expert like David Snavely can help customize an annuity plan based on your financial goals and risk tolerance. Final Thoughts Fixed-Index Annuities offer a safe, structured way to grow your retirement savings while keeping your money protected. Whether you're looking for steady retirement income, tax benefits, or a way to secure your financial future, an FIA could be a smart choice. As David Snavely puts it, “A well-thought-out financial plan includes both security and growth—Fixed-Index Annuities help achieve both.” If you’re considering an FIA, consult David Snavely or a trusted financial advisor to ensure it aligns with your retirement strategy.

One of the key areas of David Snavely’s expertise is retirement planning. Many individuals underestimate the amount they need to retire comfortably. David Snavely works closely with clients to develop a structured retirement plan that accounts for: ` Inflation and rising living costs Healthcare expenses and long-term care needs Diversified investment strategies to ensure steady income Tax-advantaged retirement accounts such as 401(k)s, IRAs, and fixed-index annuities