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The Truth About Buying Annuities: (Truth About...)

The Truth About Buying Annuities: (Truth About...)

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About the Book

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:
Introduction v Truth 1          The history of annuities 1 Truth 2          Immediate annuities 5 Truth 3          Fixed rates 9 Truth 4          Deferred annuities 13 Truth 5          Annuity fees 17 Truth 6          Variable annuities 21 Truth 7          Variable annuity investment choices 25 Truth 8          Actively managing variable annuity sub-accounts 29 Truth 9          Indexed annuities 33 Truth 10        More about indexed annuities 37 Truth 11        Calculating index changes 41 Truth 12        Inflation protected annuities 45 Truth 13        Tax-sheltered annuities 49 Truth 14        Annuity settlement options 53 Truth 15        Tax deferral 57 Truth 16        Annuity risk 61 Truth 17        Annuity death benefits 66 Truth 18        Annuities and income taxes 69 Truth 19        Tax-free 1035 exchanges 73 Truth 20        Charitable gift annuities 77 Truth 21        Split annuities 81 Truth 22        Joint and survivor annuities 85 Truth 23        Shorter surrender annuities 89 Truth 24        Longevity insurance 93 Truth 25        Inheriting an annuity 97 Truth 26        Variable Annuities versus variable universal life insurance 101 Truth 27        Choosing between mutual funds and an annuity 105 Truth 28        Annuities and asset allocation 109 Truth 29        Asset allocation and laddering annuities 113 Truth 30        Minimum required distributions 117 Truth 31        59 ½ 121 Truth 32        Annuities in IRAs 125 Truth 33        Annuities and 401(k)s 129 Truth 34        More about annuities, IRAs, and 401(k)s 133 Truth 35        Annuities for children 137 Truth 36        Bonus credits 141 Truth 37        The Pension Protection Act, annuities, and long-term care 145 Truth 38        Annuities and Medicaid 149 Truth 39        Annuities and reverse mortgages 153 Truth 40        State Guaranty laws 157 Truth 41        Annuities and creditor protection 161 Truth 42        Getting out of an annuity 165 Truth 43        Annuity scams and senior citizens 169 Truth 44        Annuities and class actions 173 Truth 45        Prospectuses and annuities 177 Truth 46        Free looks 181 Truth 47        For whom annuities are best 185 Truth 48        Steve’s annuity rules part one 189 Truth 49        Steve’s annuity rules part two 193 Truth 50        Where to go for Information 197 About the Author 201      


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Product Details
  • ISBN-13: 9780132353083
  • Publisher: Pearson Education (US)
  • Publisher Imprint: Financial TImes Prentice Hall
  • Depth: 13
  • Height: 216 mm
  • No of Pages: 208
  • Series Title: Truth About...
  • Weight: 340 gr
  • ISBN-10: 0132353083
  • Publisher Date: 05 Aug 2008
  • Binding: Paperback
  • Edition: 1
  • Language: English
  • Returnable: Y
  • Spine Width: 12 mm
  • Width: 139 mm


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