Sentences with phrase «as an annuity fund»

This company began as Aetna Insurance Company as an annuity fund, with the purpose of selling life insurance back in 1850.

Not exact matches

However, investment products such as mutual funds, annuities and life insurance policies are not covered.

«The type of hidden fees annuity investors should pay attention to are separate account [investment funds] expense ratios; back - end sales charges; annual administration fees; mortality and expense costs; any rider fees, such as guaranteed income rider, death benefit riders [and] principal protection riders, to name a few,» says financial planner Joseph Carbone of Focus Planning Group.

Actions that are considered Centennial Planned Gifts include making estate plans through a will or a living trust; creating a charitable remainder trust and naming the Business School as the remainder beneficiary; entering into a charitable gift annuity agreement with the School; naming Columbia as the beneficiary of a life insurance policy or retirement plan; or establishing a donor - advised fund at Columbia.

If so, did you know that in many cases, leaving tax - deferred assets, such as IRA funds or annuities, to charity will relieve non-charitable beneficiaries of tax liability?

When it gets to a certain level, the balance will be transferred to a less liquid but more profitable growth account such as a mutual fund or annuity.

Prior to that, he served as head of quantitative equity for ING Investment Management, (doing business as Voya Investment Management May 1, 2014), building and developing the group and managing more than $ 20 billion in assets with 15 global active, index and enhanced index strategies for pension funds, variable annuities and mutual funds.

Over the course of his career, Mr. Maddox has helped create and distribute more than a dozen different mutual fund, variable annuity, and hedge fund complexes for banks, insurance companies, and independent investment advisors, and has served as the chief accounting officer, treasurer, vice president, and president of many of these funds.

Baby boomers nearing the end of their careers are more concerned about protecting their savings and should shift their asset allocation to have a higher ratio of low - growth - but - safer investments such as bonds, annuities and money market funds.

Net investment income does not include tax - exempt interest from municipal bonds (or funds); withdrawals from a retirement plan such as a traditional IRA, Roth IRA, or 401 (k); and payouts from traditional defined benefit pension plans or annuities that are part of retirement plans.

Hartford Funds has mutual fund assets under management of $ 77.9 billion as of September 30, 2016 (excluding assets used in certain annuity products).

If those products, such as mutual funds or annuities, aren't really in your best interest, because they underperform or cost you more money over time...

As of September 30, 2017, Hartford Funds had approximately $ 95.6 billion (excluding assets used in certain annuity products) in discretionary and non-discretionary assets under management.

Bob MacDonald, founder of LifeUSA, writing in Forbes, defines an annuity as a long - term contract between a buyer and an insurance company that allows the accumulation of funds on a tax - deferred basis for later payout in the form of a guaranteed income, the core strength being the safety the guarantees.

However, it is important to weigh the advantages and disadvantages of owning an annuity against other investment options for retirement, such as mutual funds.

Offers checking and savings, term share certificates, and IRAs, as well as mortgage, home equity, automobile and personal loans at competitive rates; tax deferred annuity and investment program flexible pre-tax investment plans with tax - deferred earnings and access to top mutual funds from Fidelity Investments, Scudder, TIAA - CREF, and the Vanguard Group.

Under the existing rules, up to 25 per cent of the fund could be taken as a tax free lump sum and the remainder would, in the majority of cases, be required to be used to purchase an annuity.

If you are an investor who owns mutual funds or ETFs, either in taxable accounts, IRA accounts, children's custodial accounts, variable annuities, pension funds, 401 (k) plans or 403 (b) plans, you probably own AAPL as part of those funds» portfolios.

Rather, he says fixed indexed annuities can be «part of a balanced portfolio» that would include traditional investments, such as stock and bond funds in a 401 (k).

The availability of income from other sources, such as savings, pensions, mutual funds, or annuities, can affect someone's claiming strategy, too.

Philanthropically motivated clients can donate assets to a private foundation, charitable trust, charitable gift annuity or donor - advised fund account as a way to reduce their taxable estate and simultaneously create a charitable legacy.

Your choices might include several stock and bond mutual funds, as well as annuities.

For example, instead of a bond fund, the advisor would give financial advice to a client to steer them into an annuity as the «safe bet».

«Think of a variable annuity as a mutual fund with a selection of different investment options, together with a number of implicit and explicit guarantees,» he says.

If the annuity owner decides to cancel the annuity and access the funds early, cancellation fees can run as high as 15 % in addition to a 10 % tax penalty.

FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.

«By the term product allocation, I mean the decision of how much of your retirement income should come from conventional financial instruments such as mutual funds, and how much should be generated by pension - like products such as life annuities and variable annuities.»

Deducting annuity premiums is only available as part of a qualified annuity which is used to fund a qualified retirement account.

The AXA Retirement 360SM defined contribution program consists of a custodial account offered through Reliance Trust Company, LLC, within which plan participants» chosen mutual fund shares are held, as well as a group fixed annuity contract (Generic Form Number 2016FA - MFrev, 2016FA - MF403b) issued by AXA Equitable Life Insurance Company («AXA Equitable»).

Other than a few restrictions such as limitations on using funds for estate planning service firms and certain annuities or insurance products, the loan proceeds could be used for anything you choose.

AXA Retirement 360 ℠ features access to the broad mutual fund marketplace as well as an option for retirement certainty with the AXA Fixed Account ℠, part of the fixed annuity.

Registered Retirement Income Fund payout rates use rising payouts over time as compared to constant annuity payouts.

Front - end loads are assessed as a percentage of the total investment or premium paid into a mutual fund, annuity or life insurance contract.

The important point to understand is that any annuity that is not used for funding a tax advantaged retirement plan is defined as a non-qualified annuity.

For example, with a deferred annuity that's funded with after - tax money, any growth generated is tax - deferred until withdrawn, at which point it is taxed as ordinary income.

On the other hand, a variable annuity, which may include investments in more risky options such as mutual funds, IS considered a security and requires a much higher degree of regulation.

Because your money won't decline as long as it's in the annuity and you don't withdraw money from it during the surrender period, setting aside of a portion of your funds in a FIA can help provide balance and stability to your retirement portfolio.

Variable annuities also often have higher annual costs and fees than do IRAs and the investments available through them (such as low - cost index mutual funds and ETFs, or exchange traded funds).

Convert your LIRA to a Life Income Fund (LIF) or life annuity for your retirement income as allowed by the pension rules that govern your locked - in money

A variable annuity enables you to choose its investments from a menu of options such as stocks, bonds and money market funds, while a fixed annuity earns a set interest rate.

Customize as Your Needs Change You can fund your annuity all at once, or gradually over time.

And just as RRSPs must be eventually annuitized or converted to Registered Retirement Income Fund (RRIFs) by the end of the year you turn 71, a LIRA must be converted either to a life annuity or to a Life Income Fund (LIF) or LRIF (Locked - in Restricted Life Income Fund).

This type of annuity leans into our desire for certainty by providing a steady stream of funds, helping Americans solve the complex math problem known as retirement savings.»

(Some financial products offered through certain banks are not FDIC insured, such as mutual funds and annuity contracts.)

But how can you determine whether the annuity product being recommended to you will meet your needs better than a different kind of annuity or some non-annuity alternative (such as a CD or mutual fund)?

In addition, they can end up investing your hard earned money into high - fee products such as annuities or mutual funds with a sales load.

There is one type of annuity account, commonly referred to as an immediate annuity where, in one instance, the insurance company can keep the undistributed funds when the owner dies.

As with any deferred annuity, the money in your longevity annuity grows until you begin receiving payout funds from it.

As the landscape of retirement funding continues to change, annuities represent a vehicle for secure savings that is mutually beneficial to both employers and employees.

These plans are funded solely with insurance products such as cash value life insurance or fixed annuity contracts, and the plan owner can often deduct hundreds of thousands of dollars in contributions to these plans each year.