Retirement Planning
Can I Retire?
Figure out if you've saved enough to support your retirement with Blueprint Income's 'Can I Retire' tool.
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QLACs
QLAC Limit Increased Effective January 1, 2020
The IRS QLAC limit for how much of your IRA you can convert into a QLAC (special longevity annuity) has increased from $130,000 to $135,000.
Retirement 101
January 2020: Annuity Rates and Market Update
Payouts on income annuities were down slightly in December as the pricing for some of the top insurers on our platform decreased. The bond market was mostly unchanged month-over-month. Top fixed annuity payouts held steady.
Annuity Trends
November Market Update: Fed Cuts Rates Again, But Annuity Yields On The Rise
This past Wednesday, the Federal Reserve cut interest rates by 0.25% to a targeted range of 1.50% – 1.75%. The move was widely expected by financial markets and the reaction was muted. This is the third straight rate cut. On October 30, the Fed cut rates, continuing the downward pattern in short-term interest rates that … <a href="">Continued</a>
Retirement Income
Do Immediate Annuities Have Beneficiaries?
An immediate annuity can have beneficiaries as long as you elect to include a refund at death (a.k.a. a cash refund or death benefit) or a certain period (number of years where payments are guaranteed even if the annuitant has passed away). For immediate annuities purchased with a refund at death, the beneficiary will receive … <a href="">Continued</a>
Annuity Basics
At What Point Does the Beneficiary to an Annuity Acquire Rights?
The beneficiary to an annuity acquires rights upon the death of the owner. In most cases, the beneficiary will receive a lump sum cash refund of the contract, although, with certain annuity contracts, the beneficiary can take over the policy as the owner for the remainder of the term. Annuities typically avoid the probate process … <a href="">Continued</a>
Insurance Companies
What Is the Best Company for Annuities?
Deciding what the best company for annuities is depends on what you’re looking for in an annuity. Some companies offer better rates for one type of annuity than another. And, some companies that offer annuities have higher financial ratings than others, but they might offer lower rates. Blueprint Income is a marketplace that distributes simple … <a href="">Continued</a>
Retirement Income
What Happens to the Money in an Annuity When You Die?
What happens to the money in an annuity when you die depends on the type of annuity and the options chosen. If you have an immediate or longevity annuity and pass away, the contract will terminate unless you include a refund at death (a.k.a. cash refund or death benefit). Including the refund at death ensures … <a href="">Continued</a>
Annuity Basics
What Is the Best Annuity?
The best annuity depends on your goals. If you’re looking for a pension-like monthly income stream for life, an income annuity is likely the best fit. If you’re looking for a CD-like guaranteed return for a set number of years, a fixed annuity is likely the best fit. If you’re looking for something that changes … <a href="">Continued</a>
Annuity Basics
Who Should Not Buy an Annuity?
You should not buy an annuity if Social Security or pension benefits cover all of your regular expenses, you’re in below average health, or you are seeking high risk in your investments. Take our quiz here to decide if an annuity makes sense for you. If you’re interested in reading more, here are several articles … <a href="">Continued</a>