Book description
Annuities have become one of the most popular ways to save for retirement and also one of the most misunderstood, overhyped, and dangerous investment vehicles available today. Some annuities are worth the money... but too many are flawed, overpriced, and packed with hidden fees that make them absolutely horrible investments. In The Truth About Buying Annuities, consumer finance expert Steven Weisman helps you make smart decisions about annuities and avoid the lies, misrepresentations, and ripoffs that await uninformed investors. From start to finish, Weisman delivers quick, bite-size, just-the-facts information and plain-English explanations you can actually use. You'll learn all you need to know about immediate, deferred, and variable annuities; actively-managed vs. indexed annuities; inflation-protected and tax-sheltered annuities; and more. Weisman explains the impact of annuities on taxes, Medicare, Medicaid, long-term care, and your other retirement plans. He presents crucial, hard-to-find information about death benefits, joint and survivor annuities, alternatives to annuities, assessing annuity risk, avoiding scams, and even how to escape from a bad annuity you've already purchased. Unlike some books on annuities, this one's simple to read, simple to use, up-to-date, and complete: it's the only annuity guide you need!
Table of contents
- Copyright
- Introduction
- 1. The history of annuities
- 2. Immediate annuities
- 3. Fixed rates
- 4. Deferred annuities
- 5. Annuity fees
- 6. Variable annuities
- 7. Variable annuity investment choices
- 8. Actively managing variable annuity sub-accounts
- 9. Equity indexed annuities
- 10. More about equity indexed annuities
- 11. Calculating index changes
- 12. Inflation-protected annuities
- 13. Tax-sheltered annuities
- 14. Annuity settlement options
- 15. Tax deferral
- 16. Annuity risk
- 17. Annuity death benefits
- 18. Annuities and income taxes
- 19. Tax-free 1035 exchanges
- 20. Charitable gift annuities
- 21. Split annuities
- 22. Joint and survivor annuities
- 23. Shorter surrender annuities
- 24. Longevity insurance
- 25. Inheriting an annuity
- 26. Variable annuities versus variable universal life insurance
- 27. Choosing between mutual funds and an annuity
- 28. Annuities and asset allocation
- 29. Asset allocation and laddering annuities
- 30. Minimum required distributions
- 31. About 59 ½
- 32. Annuities in IRAs
- 33. Annuities and 401(k)s
- 34. More about annuities, IRAs, and 401(k)s
- 35. Annuities for children
- 36. Bonus credits
- 37. The Pension Protection Act, annuities, and long-term care
- 38. Annuities and Medicaid
- 39. Annuities and reverse mortgages
- 40. State Guaranty laws
- 41. Annuities and creditor protection
- 42. Getting out of an annuity
- 43. Annuity scams and senior citizens
- 44. Annuities and class actions
- 45. Prospectuses and annuities
- 46. Free looks
- 47. For whom annuities are best
- 48. Steve’s annuity rules, part one
- 49. Steve’s annuity rules, part two
- 50. Where to go for information
- About the Author
Product information
- Title: The Truth About Buying Annuities
- Author(s):
- Release date: August 2008
- Publisher(s): Pearson
- ISBN: 9780131359512
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