September Fixed Annuity Rates 2016

September Fixed Annuity Rates 2016 

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Annuity or Bank CD maturing? Renewing interest rates have been low on older contracts. Call us at 309 833 1755 to discuss your needs and allow us to shop interest rates and products for you. There are many annuity designs out there, fixed, indexed and single premium type annuities.

Annuities offer safety and peace of mind, knowing your money is in a safe place.

309 833 1755

 

 

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Best Fixed Annuity Rates May 17 2016

Looking for the best fixed annuity rates? We offer the best available fixed annuity rates, licensed in multiple states

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3 Year Fixed Annuity 2% all years

5 Year Fixed annuity 3 % all years

7 Year Fixed Annuity 3.25 % all years

10 Year Fixed Annuity 3.4% all years

 

403(b) Plans and Facts

03(b) Plans – Facts on Investments, Loans and Distributions

Plan Investments

  1. How are 403(b) plan assets invested?

Assets in a 403(b) plan can be placed in any of the following investment types:

  • An annuity contract provided through an insurance company;
  • A custodial account invested in mutual funds; or
  • A retirement income account set up for church employees.Contract exchanges with a non-payroll slot vendor are permitted if:
  • Q. What are the rules on in-service transfers or exchanges?
  • The plan permits the exchange;
  • The accumulated benefit after the exchange is at least the same as before the exchange;
  • The employer and the non-payroll slot vendor agree to share information regarding employment and the plan’s terms;
  • Any pre-exchange benefit restrictions are maintained after the exchange; and
  • The vendor complies with the plan’s terms.
  • Plan-to-plan transfers between 403(b) plans are permitted if:
  • The terms of the transferring and receiving plans allow these transfers;
  • The transferred assets belong to a current or former employee of the receiving plan’s sponsor;
  • The accumulated benefit after the exchange is at least the same as before the exchange; and
  • Any benefit restrictions of the transferring plan are maintained by the receiving plan.Only eligible rollover distributions can be transferred between a 403(b) plan and a qualified plan (for example, a 401(k) plan) or a 457 plan).
  • 403(b) plans subject to the Employer Retirement Income Security Act of 1974 (ERISA) should also consult the Department of Labor’s rules for additional conditions on in-service transfers.
  • IRS Revenue Procedure 2007-71 contains additional details on contract exchange and transfer rules.


  1. Do the in-service transfer rules also apply to custodial accounts and church retirement income accounts?

Yes.

Loans and Distributions

  1. Can employees take loans from their 403(b) account?

Yes, a 403(b) plan may, but is not required to, allow loans. If permitted by the plan, employees may obtain a loan to the extent and in the manner allowed by the plan.

  1. Can employees get a hardship distribution from their 403(b) account?

A 403(b) plan may, but is not required to, allow hardship distributions. If permitted by the plan, participants may obtain a hardship distribution to the extent and in the manner allowed by the plan.

  1. When can employees take money out of a 403(b) plan?

In addition to loans and hardship distributions, a 403(b) plan may allow employees to take money out of the plan when they:

  • Reach age 59½;
  • Have a severance from employment;
  • Become disabled;
  • Die; or
  • Encounter a financial hardship.Eligible distributions may be rolled over to another plan or an IRA.Q. How are benefits paid to an employee from a 403(b) plan?Certain distributions may be eligible for rollover to another plan or an IRA.Source: U.S. Internal Revenue Service
  • 403(b) plans may provide employees with a choice on how benefits will be paid. For example, an employee can choose to have benefits paid in a lump sum.
  • The employee will have to pay taxes on any amount of the distribution that was not from designated Roth or after-tax contributions and may have to pay an additional 10% early distribution tax unless an exception to this tax applies.
  • Employees may also receive a qualified reservist distribution.

Call our office at 309 833 1755 to discuss your retirement goals

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Florida Best Fixed Annuity Interest Rates

Florida Best Fixed Annuity Interest Rates

 

Click the image to get a quote

Single Premium Tax Deferred Fixed Annuity paying 2.9% for 5 years

Single Premium Tax Deferred Annuity paying 3.20% for 7 years

 

Interest rate offerings for 3 5 7 and 9 year annuities ( call for current 3 and 9 year rates)

Guaranty the safety of your principal with compounding interest

Tax deferred growth will allow your money to grow faster then taxed investments

Simplicity, you know your rate of return and plan accordingly

Annuity Calculator    or call us at 309 833 1755

Annuities are a great investment vehicle to add to your portfolio

Annuities offer security to potential market loss that allow your funds to grow tax deferred with the worries of market fluctuation.

The Bankers Elite annuities offer a fixed rate of interest for all year of the surrender period. The is a $10,000 minimum deposit to set up the account qualified or non qualified. No interest or withdraws are allowed, if you desire to have withdraws of interest then the Banker’s Premier is available, call for current rates and disclosures. 309 833 1755, Bradley D. Pyles

Traditional fixed rate annuities beat the bank! Why leave your money in the bank if its not paying you anything? Your CD is being taxed regardless of you withdrawing the money. Annuities will deferred the tax until withdrawn. Some banks even sell annuities, what does that tell you……they are not bad, actually they should be part of your portfolio and if you don’t have a portfolio a monthly deposit of $50 will allow you to start one it can be set up in an IRA / Roth IRA  or an after tax investment.

In today world safety is important, how much of your money is wrapped up in the market? Hoe much can you lose if the market downturns? all of it, if things get bad enough.  Using the rule of 100,

100- AGE = % of money that should be in the market place. Do you have another 20 year to build up your nest egg?

Call me 309 833 1755 or 888 833 1755 to discuss your options.

I have been in the business for 16 years and will be happy to help. I am compensated by the insurance company that your funds are invested with, not you! there are no management fees or hidden costs.

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Best Fixed Annuity Rates May 2016

Best Fixed Annuity Rates May 2016

Click the image to get a quote

Best Fixed Annuity Rates

 

 

 

 

 

What is a Fixed Annuity?

A Fixed Annuity is a great way to ensure that your retirement dollars are safe and not affected by the markets ups and downs. It is a good idea to have a portion of your retirement dollars in fixed annuity. The annuity will guaranty your investment and your interest will compound over time.

There are many different types of annuities: Fixed annuity, Indexed Annuity, Single Premium Annuity, Income Annuity.

Annuities will generally offer other features such as guaranteed growth, nursing home waiver, disability waivers, stated beneficiary ( avoids probate), can be used as collateral.

Annuities offer access to your money, generally 10% annually , monthly interest and some even offer a guaranty of principal return if you need to cancel the contract within the first two years.

Annuities offered by insurance company’s are back by the financial strength of the company that you invest in, always choose a stable company that has been in the business of selling annuities for some time.

Fixed Annuities generally will not have sales changes or management fees. Annuities may include a spread / fee if purchase an annuity and utilize the income feature, this is not the case for all annuities.

The Income rider or guaranteed role has to do with taking an income at a given point during the contracts term. For example if you decide that after ten years you want to start drawing an income and the grow the on your money was to be at 8% a year simple interest this will give you peace on mind if the indexing options did not yield what you had expected.

The riders can generally be removed and started again with most annuities, it will depend by the contract that you signed. The best income annuity with the biggest bonus is offer a 15% and a 8%roll up on your income if you chose to take that options.

Please call me to discuss your needs and what your goals are for your money. 309 833 1755- Bradley  D Pyles   #IL 3345250

www.macombinsurance.com

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CD rates in Illinois

CD rates in Illinois

Annuity Rate Quote

309-833-1755, Bradley D Pyles

Looking for CD rates at this time can be kind of depressing, click the image above and request a quote for a fixed rate annuity that will offer many more positives than a bank CD. Why give your money to the bank and receive only a small percentage when you can get a much better rate with a fixed guaranteed annuity with investment periods for 1-10 years.

Many of our fixed annuity also offer a premium bonus based on the amount of money that is deposited, this can be very significant, 10% bonuses up to 15% bonuses on your money that you do have access to makes for a much better argument than a low paying CD purchase.

Call me at 309 833 1755, Bradley Pyles

 


 

Fundamentals of Investing

Do you think one dollar invested in the state lottery is a risky investment? Many people are surprised to learn that the answer is no. It is not risky because you are almost assured your payback from the investment will be zero. There is little risk because you know the likely outcome in advance.

What is Risk?

Risk can be defined as the chance that some unfavorable event will occur. For example, say you purchase shares in a mutual fund today, but plan to withdraw your money in a year. Your risk is the chance that your shares will be worth less in one year than today. There is also a chance that your shares will be worth more.

Different types of investments carry different risks. One dollar invested in a certificate of deposit (CD) at your bank is a low-risk investment because you have little chance of losing the dollar. But a dollar invested in a share of common stock is more risky because you stand a greater chance of losing money with this type of investment than in a CD.

What is the Connection Between Risk and Return on Investment?

Here is the first rule of investing: You must take more risk to have a chance at a greater return. Revisiting the CD versus a share of common stock example, though the common stock had more risk, it also provides the opportunity for greater return.

Assessing Risk

Deciding how much risk to take on is a personal decision for each person, but it is important to know how risk is measured. One way to measure risk is to look at your age. Generally, the younger your age, the more risk you can afford to take. That’s because all major investment classes tend to grow in value over time. For example, if you are age 30 today, the chance (or risk), that you will lose money on your investment by age 65 is very small. Conversely, if you are planning to retire in two years, the risk is higher that investments you buy today could lose money in two years. Investment managers also have sophisticated mathematical tools for assessing risk.

Types of Risk

The risk you take in purchasing an investment can take different forms.

  • Market Risk – The chance that your investment will increase or decrease in value if the market of similar investments increases or decreases.
  • Inflation Risk – The chance that your investment will increase or decrease in value due to an increase or decrease in interest rates. As a rule, bonds will decrease in value when interest rates rise.

Other types of risk can also affect your investment. For example, the organization that is secured by your investment may have a successful or unsuccessful year, affecting the value of your investment. An organization’s ability to borrow money at preferred rates can also affect a stock’s value.

Reducing Risk

One way to reduce risk is through diversification, or spreading your money over a variety of investments. That way if one investment decreases in value, other investments may remain stable or increase in value, minimizing the impact of loss. This is the concept behind mutual funds. A mutual fund is a diversified portfolio of investments. Most 401(k) and 403(b) plans offer mutual funds as an investment choice. Mutual funds are a great way to reduce company-specific risk and, in some cases, market risk.

Risk is a fact of investing and not something to fear. Understanding risk in general and the specific types associated with individual investments is essential for the smart investor.

309-833-1755  Bradley D Pyles

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Best 5 Year Fixed Annuity Rates

Best 5 Year Fixed Annuity Rates 

Annuity quote

Annuity quote

 

 

 

 

3 year rate 2%

4 year rate 2.4%

5 year rate 3.23%

Current fixed annuity rates as of 4-18-16 ( rates are subject to change, call 309 255 3207 )

Call to discuss your needs and product for full disclosure, email bpyles@macombinsurance.com  or 309 833 1755, Bradley Pyles

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Whats your CD paying? We can offer compounding interest on our fixed annuities that beat the bank’s interest rates.

Current CD rates 4-18-16

10 year 2.27% CD

7 year 2.23 % CD

5 year 1.98% CD

4 year 1.74% CD

Why purchase a CD? annuities paying higher interest and earnings are compounded, not taxed until withdrawn.

What is an Annuity?

An annuity is a contract between an individual and the insurance company offering the product. Generally the insured is offered an interest rate that is disclosed in the contract stating the term of annuity and any early surrender charges that may be charged if surrendered early.

Most annuities offer a free withdraw provision allowing the insured to withdraw a percentage of funds without being changed, you will have to pay taxes on any of the interest earned, there is no avoiding the tax. Early withdraws prior to 59.5years old can be subject to a 20% IRS penalty.

Retirement and money needed

How much you need for retirement depends on your retirement goals. Do you want to go back to school? Pursue a favorite hobby? Travel? What is the outlook for your health? Will your family take care of you if you are unable to care for yourself? The answers to these questions are crucial when determining how much money you will need for the retirement you desire—and how much you will need to save between now and then.

Once you have a clearer picture of your retirement goal, you can start planning for how much you will need to save to meet that goal. The vast majority of people never take this step, yet it is very difficult to save adequately for retirement if you don’t at least have a rough idea of how much you need to save every month.

There are numerous worksheets, software programs and professional financial planners that can help you calculate approximately how much you’ll need to save. Regardless of what source you use, the following are some of the basic questions you’ll need to address.

How much retirement income will I need?

A good rule of thumb is that you’ll need to replace 70 to 90 percent of your pre-retirement income to enjoy the standard of living you’re used to. If you’re making $50,000 a year now (pretax), you might need $35,000 to $45,000 a year in retirement income.  Generally, the lower your income, the higher the portion of it you will need to replace.

However, no rule of thumb fits everyone. Expenses typically decline for retirees: taxes are smaller and work-related costs usually disappear. But overall expenses may not decline much if you still have a home and college debts to pay off. Large medical bills may increase your retirement costs.

Much will depend on the kind of retirement you want to enjoy. Someone who plans to live a quiet, modest retirement in a low-cost part of the country will need a lot less money than someone who plans to be active, take frequent vacations and live in an expensive region.

For younger people in the early stages of their working life, estimating income needs for 30 to 40 years in the future is obviously difficult. Start with a rough estimate and begin saving something—starting small is better than not starting at all. Then every two or three years review your retirement plan and adjust your estimate of retirement income needs as your annual earnings grow and your vision of retirement begins to come into focus.

How long will I live in retirement?

Based on current estimates, a male retiring at age 65 today can expect to live approximately 18 years in retirement. A female retiring today at age 65 can expect to live approximately 20 years.

How long you can expect to live will depend on factors such as your overall health and family history, but generally people are living longer today than they did in the past, and most experts expect that trend to continue.

What other sources of income will I have?

Since October 1999, Social Security has been mailing statements to workers age 25 and older showing all the wages reported and an estimate of retirement, survivor and disability benefits. You can also request a statement by visiting the Social Security Administration’s website at www.ssa.gov or by calling 800-772-1213 and requesting a free Personal Earnings and Benefit Estimate Statement.

Think about other sources of income you may have in addition to Social Security. For instance, will you receive a pension that provides a specific amount of retirement income each month? Is the pension adjusted for inflation?

 

What savings do you already have for retirement?

You’ll need to build a nest egg sufficient to make up the gap between the total amount of income you will need each year and the amount provided annually by Social Security and any pension income. This will come from your retirement plan accounts at work, IRAs, annuities and personal savings.

What adjustments must be made for inflation?

The cost of retirement will likely go up every year due to inflation—that is, $35,000 won’t buy as much in year five of your retirement as it will the first year, because the cost of living usually rises. Although Social Security benefits are adjusted for inflation, any other estimates of how much income you need each year—and how much you’ll need to save to provide that income—must be adjusted for inflation. The annual inflation rate varies over time; for example, in 1980 it was 13.5 percent, but in 2010 it was 1.6 percent. However, it’s always safer to assume a higher rate. Retirement calculators should allow you to make your own estimate of inflation.

What will my investments return?

Any calculation must take into account what annual rate of return you expect to earn on the savings you’ve already accumulated and on the savings you intend to make in the future. You also need to determine the rate of return on your savings after you retire. These rates of return will depend in part on whether the money is inside or outside a tax-deferred account. It’s important to choose realistic, conservative rates of return when making your estimates.

How many years do I have left until I retire?

The more years you have, the less you’ll have to save each month to reach your goal.

 

Call 309 833 1755, Bradley Pyles 

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April 2016 Fixed Annuity Rates

April 2016 Fixed Annuity Rates

Annuity Rate Quote

Annuity Rate Quote

Current Multi Year Annuity Rates

2% for 3 years

2.4% for 4 years

3.23% for 5 years

3.05 for 6 years

3.30% for 7 years

 

 

*Looking to start an IRA, use an Indexed annuity with an annual bonus to help build your IRA.

**Receive a 6% bonus on all premium deposited into a Fixed Indexed Annuity, call for information

**Using a Annuity to help fund your retirement is a great way to build a guaranteed retirement fund.

 

 

Indexed Annuities Offering the Best Bonus

Indexed Annuity Presentation EQT 2015

12% bonus on fixed indexed annuity

15 % bonus on first year deposits

Call to discuss your needs 309 833 1755

 

 

Annuities offer: tax deferral, compounding interest, named beneficiary to avoid probate issues, guaranty that your money will be there when needed,

you know what your return is going to be

Types of Annuities: Fixed Rate Annuity, Indexed Annuity, Single Premium Annuity,   Flexible annuity, Medicaid Friendly Annuity,

403b Annuity

 

 

 

 

 

 

 

 

 

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Highest Fixed Annuity Rates

Highest Fixed Annuity Rates

March 22, 2016   Fixed Annuity Rates Multi Year Guaranty

1 year- 1.5%

2 year- 1.75%

3 year- 2.00%

5 year-3.10%

7 year- 3.25%

10- year- 3.2%

Rates are subject to change without notice, please call 309 833 1755 Bradley D Pyles

Indexed Annuity Cap Rates and Bonuses

Option- 10 year – 10% bonus with cap rate of 3 % and better 10%, bonus on all deposits in thre first contract year

Option 2 -6% bonus for 5 years on all premiums received in the first 5 years, great annuity for IRA’s

Annuities that are credited by the performance of the S&P 500, no chance of market loss

Types of Annuities:

  • Fixed: The insurance company guarantees that you will earn a minimum rate of interest during the time that your account is growing. It also guarantees that the periodic payments will remain at an established dollar amount. These periodic payments may last for a defined period of time or for an indefinite period (such as the lifetime of the account).
  • Variable: You choose to invest your purchase payments from various investment options (typically mutual funds). Rate of return and amount of periodic payments will vary.
  • Equity-indexed: During the accumulation period, when making a lump sum payment or a series of payments, the insurance company credits you with a return that is based on changes in an equity index. The insurance company typically guarantees a minimum return that can vary.
  • Benefits of an Annuity:
  • Diversifies your portfolio among a number of assets and manages your portfolio.
  • Avoids outliving your assets, since annuities pay indefinitely.
  • Protects your assets from creditors.

Did You Know?

An annuity may be a viable option for your retirement financial security. An annuity is a contract between you and the insurance company by which you make a lump sum payment or series of payments. In return, the insurer agrees to make periodic payments beginning immediately or at a set date down the road.

Plan Ahead

Look at your immediate and long-term financial needs to determine if you can afford to open an annuity. Should you have a sudden need for cash, you can usually withdraw a small amount from a deferred annuity without suffering a penalty. However, you will likely suffer a penalty if you withdraw a significant amount of money after only a few years of having an annuity.

Bradley D Pyles   309 833 1755

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Indexed Annuity Review

Indexed Annuity Review   

309 833 1755  Bradley D Pyles

Indexed Annuity Review

Indexed Annuity Review

Indexed Annuity Review – how is your indexed annuity preforming? The market has been very volital over the last month and most likely will continue to do so according to the various reporting agencies.  Do you have your money stashed in a low paying CD? Why? you are losing money ever day that you money is invested in a low paying CD. The banks are maybe paying .75% on money and loaning it out at 5-7.5%, they are the winners in this one.

Make you money work for you, Indexed Annuities offer tax free growth, until funds are withdrawn. your funds are compounding in a Indexed Annuity, you have multiple investment options to pick from and the beauty of it is that they are all fixed, because an annuity is a insurance product, therefor it must offer guaranty’s.

Many Indexed Annuities offer 8-15% bonuses on your deposit money and that money will grow with your deposit. Most Bonuses have a vesting scheduling, meaning you must leave your money in the contract for the contracted date, but you are able to make free withdraws, no penalties, unless withdraw is over and above the free withdrawal amount.

Index Annuities also offer income riders, guaranty of income for life, this can keep you from outliving your money. Nursing Home Riders and Disability riders may also be included.

Indexed Annuities offer indexing options that follow other indexes than the S&P 500, there are so many options to chose from, it really depends on what you comfort level is, not that you will lose money, but the potential not receiving interest for a given year is the Indexes under perform.

Index Annuities offer a peace of mind and the potential of earning a greater return that you typical fixed investment account

Index Annuities also offer flexible deposit options, earning a guaranteed return on your retirement and possibly a bonus on deposits in the first 7 policy years.

Call me to discuss your investment options  309 833 1755   Bradley Pyles

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Best Fixed Annuity Rates

 

Best Fixed Annuity Rates

  • 1 year – 1.50%
  • 2 year – 1.75%
  • 3 year – 2%
  • 5 year –  3.1%

Our financial future depends on how we save today, Financial security in retirement depends on what we do now. Using Annuities and the compounding interest will allow you to save today and build a comfortable retirement for the future. I have meet too many seniors that only have Socials Security for a retirement income source and this will not be enough.

Government programs are shrinking as our economy is in trouble and we must take action, even if it disrupts your current standard of living. Most States have removed prescription drug help and the Drug Companies are raking in huge amounts of money, while senior are struggling to pay bills after working their entire lifetime.

Using compounding interest is beautiful, it does the work for your. Yes in the beginning your account will look as if you are not getting anywhere, but wait. Your account will grow and through contributions through annuities and compounding interest.

Many annuities will allow your to start up with as little as $50 a month. Over time this will greatly benefit you in the time of need, $50 a month for 20 years  = $12000.00, this does not include interest. You get the point, the more you contribute the more your will have latter in life to use in retirement.

Any investment vehicle will allow this to happen, but you must make the commitment today.   If you are using Mutual Funds, they may fluctuate with market conditions and principal can be lost, but using fixed annuities to compliment  this savings method will guaranty that you will have money in the future for retirement .

ELCO MYG Current Rate Card      call (309) 833 1755

One of many companies that offer fixed annuities.

 

Indexed Annuities offer a best of both worlds, market gains with out the losses

Indexed Annuity Presentation EQT 2015

Please call 309 833 1755 to discuss your situation and your financial goals

Bradley Pyles

 

 

 

 

 

 

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