Lifetime income? Tax deferral? What you should know about annuities

  Whether it’s lifetime income, tax deferral or the prospect of protection from falling markets, an annuity can sound like a good idea for many investors. But clients ought to bring plenty of questions and some skepticism to the table before they commit. “We know that there are people in this industry who have annuities in their bag, and if you have a hammer, everything looks like a nail,” said Skip Schweiss, managing director of retirement plan solutions and advisor … Continued

Beware of "Medicaid Friendly" Annuities versus "Medicaid Compliant" Annuities : North Carolina Estate Planning Blog

  I have had a few clients who have been sold “Medicaid Friendly” Annuities. In at least one case, the annuity salesman sold the client a “Medicaid Friendly” annuity in the local senior center. I don’t know who the salesman was, or the details of his sales pitch, but what he sold the client made an extreme mess of her Medicaid eligibility. Annuities can be an invaluable tool in Medicaid planning. When used correctly, an annuity can convert a person’s … Continued