Annuity

When it comes to planning for retirement, one word often comes up that leaves many scratching their heads: annuities. That’s why June is Annuity Awareness Month—a national effort to demystify annuities and educate Americans on how they can be a powerful part of a secure financial future. What Is an Annuity, Anyway? An annuity is a financial product typically sold by insurance companies. In simple terms, you pay into it (either with a lump sum or […]

The summer months find us enjoying the sunshine, perfecting our grilling skills, and trying to stay cool during the dog days of summer. However, for us, the summer months are a time to stay in touch, allowing us to fill the pipeline for the rest of the year. I encourage you all to do the same with your prospecting and client reviews. Client reviews are a great way, and I would even say they are […]

Making sound financial decisions is essential, especially when planning for the future. Two popular options for those looking to grow their savings are annuities and certificates of deposit (CDs). While both are low-risk, they serve different purposes. Understanding the benefits of annuities over CDs can help agents guide clients toward better financial outcomes. Understanding Annuities and CDs Before discussing the benefits, let’s examine annuities and CDs and how they differ. What is an Annuity? An […]

In an era of economic uncertainty, a remarkable opportunity has emerged in the annuity market that demands immediate attention from financial advisors. According to LIMRA, total annuity sales have surged to $331.2 billion in the first nine months of 2024, marking an extraordinary 23% increase and setting the stage for another record-breaking year. This unprecedented growth isn’t just a statistic—it’s a clear signal that the time to act is now. The Perfect Storm of Market […]

June is Annuity Awareness Month, and there’s never been a better time to explore the potential of annuities for your retirement savings. With interest rates on the rise, annuity products are offering some of the highest returns we’ve seen in years. But how long will these rates last, and what features make today’s annuities so compelling? Skyrocketing Rates Annuity rates have been surging in recent months. In fact, Legal & General reports that annuity rates […]

Contributing to an Individual Retirement Account (IRA), whether it’s a Traditional IRA or a Roth IRA, can be a powerful way to save for retirement. Both types offer distinct tax advantages that can help grow your retirement savings more efficiently, but they do so in different ways that can be more beneficial depending on your current financial situation, future income expectations, and retirement plans. Here’s a breakdown of the benefits of contributing to either type […]

As we approach the end of the year, I want to wish you all a Merry Christmas and a Happy New Year. It’s been an amazingly successful year, and that is all because of you! You have reflected on the financial goals of your clients and taken strategic steps toward securing them a prosperous future. We at Producers XL understand the importance of financial stability and want to ensure you and your clients receive the […]

We talk a lot about the high-interest rates we are seeing throughout the industry, and because it has been a long time since we have had rates this good, it’s worth the conversation. Additionally, we talk about the safe money in the Multi-Year Guarantee Annuity (MYGA), and the rates keep climbing; how long will that last? Hopefully, for a while yet. But I also want to remind everyone that while we have great rates on […]

June is Annuity Awareness Month! So, let’s discuss a few noteworthy topics occurring in the world of ‘annuities’ right now.   We are all witnessing pronounced rates right now. I was visiting with a couple of long-term annuity agents, and they all agree we have not experienced rates this high in a long time. The question is how long will these exciting rates hang around? That is the golden question; the old saying is “What […]

It is that time of the year again when we must do the one thing that most people dislike; TAXES!! It is also the time of year when folks can make last minute contributions to their retirement accounts for the 2022 tax year to claim a deduction. Here are some key discussion points regarding the typical IRA contributions:   Contributions for 2022 can be made to a Traditional or Roth IRA until the filing due […]