This site: http://www.qwema.ca/calc.htm and the home page have some calculators and articles related to annuities and their place in a financial plan as well as other planning topics.
Though the calculators are limited without registering, the articles are quite informative.
As noted in one article, insurance companies need to be much clearer about what their products do and much better at explaining them. Too often I hear of these rates of return on annuities, for example, of 8% or higher. Read my 25+ entries on annuities (See Annuities Label on left-hand side of blog site) for futher explanation.
Reporting by insurance salesman that a distribution income stream (part return of your own money) or a cash balance that accumulates at a guaranteed rate (but cannot be accessed except by a monthly withdrawal) are not the same as the real internal rate of return. Be very careful.
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.