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News – Page 2
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AnnuitiesHybrid annuities are transforming retirement planning by combining steady income with long-term care benefits. This unique option offers financial security and healthcare support, but…
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Annuities
Utah Insurance Commissioner Orders Sentinel Security Life, Affiliates to Halt New Business
Utah Insurance Commissioner bans Advantage Capital and subsidiaries, citing hazardous financial practices, including a $520M deficit and risky investments. The move protects consumers but… -
Annuities
45 Versus 65: The Best Age to Buy an Annuity
Deciding when to buy an annuity can greatly affect your retirement income. While purchasing early (around 45) offers tax-deferred growth and lower premiums, waiting… -
Personal Finance
IRS Announces New Tax Brackets and Inflation Adjustments for 2025
The IRS has announced tax updates for 2025, including increased standard deductions, inflation-adjusted tax brackets, higher limits for credits like EITC and adoption credits… -
Retirement
2025 Social Security COLA Boost: How Much Will Benefits Rise?
The Social Security Administration recently announced a 2.5% cost-of-living adjustment (COLA) on Social Security and Supplemental Security Income benefits payable for December 2024, favorably… -
Annuities
Why Fixed Index Annuities Make Sense Right Now
Fixed index annuities are rising in 2024 due to market-linked growth, tax advantages and protection against losses. Popular among retirees, they offer steady income,…