What Should I Do About My Annuity?

Often times seniors are stuck wondering what they should do about the annuities they are 'trapped' in.  In fact, I spoke to a senior just a couple of weeks ago who had a collection of annuities that her broker kept putting her in to.  He would simply take the 10% withdrawal every year and create a new annuity for his client.  In the client's best interest---me thinks not!!!

Anyway, because of this, she asked me this very question---what should I do about my annuities?  It's very frustrating when you can't trust your agent to do you right.  When I showed her what he was doing, she had a look of disgust in her eyes.  Never mind the fact that she was 80 years old and he kept putting her in new 13 year annuities....

There are times when you just can't do much...but then again, there are times when you can.  It makes sense to seek the help of a true professional to find out.  And more importantly, it pays to get a second and third opinion.

However, the best thing someone can do is to be proactive in their approach.  What I mean is that it is best to do your homework BEFORE getting into something that may not be suitable for you.  But who do you trust?  Well, it may come as no surprise to you that I am going to tell you about Annuities: The Shocking Truths Revealed.  This book is the unbiased and comprehensive about what to look for when buying an annuity.  It points out the pitfalls and dangers, and tells you what to avoid.  It also tells you what you should have in an annuity as well.

Therefore, please visit http://www.AnnuityMD.com to get this book.  We are going to soon offer it for free for a limited time.  People have paid $97 for this book and said it was well worth it.  So imagine if you passed this up only to find out 4 years later that you were stuck in a terrible investment vehicle that you couldn't get out of.  Me thinks you shouldn't take that chance!!!!

Good luck with your annuity and please feel free to download this book on annuities.  It may just be the one thing that helps you avoid a very costly mistake.

Tune in for more great information all the time....

Sincerely,

TB
AnnuityMD.com

Free Annuity Report

Many people are looking for a free annuity report.  Previously AnnuityMD.com has provided our information for a charge in order to maintain the cost of running our site.  However, we are strongly considering providing this information for free in the near future.

If you have annuities and are not quite sure what you have gotten into or you need help, please feel free to visit AnnuityMD.com soon to get your free report.

Also, this information will cover things such as what your annuity must have, things you must avoid with your annuities, the right questions to ask your agent, how much your annuity agent gets paid, and so much more great information.

If you are curious about your annuity, don't forget to check back with us soon for your free annuity report.

Remember, ignorance is NOT bliss when it comes to your money!

BHC Marketing

Annuity Agents often ask me which annuity wholesaler is the best to work with. While there are many good ones, of of my favorites happens to be BHC Marketing. For those of you who don't know, BHC is a company that helps agents in the insurance industry provide great insurance products to their clients including annuities. My first experience with them was several years ago, where I flew down to meet with them. They run a fabulous operation and are run by Shelby Smith, the President of BHC, who has great knowledge of the insurance business.

BHC Marketing was recently acquired by Futurity First. This acquisition was announced on september 27th of 2010. I am including a link below to the press release that announced this acquisition.

http://www.marketwire.com/press-release/Futurity-First-Acquires-BHC-Marketing-1325707.htm

Hopefully this acquisition will help BHC to continue to be one of the great companies in the annuity wholesale business.

Annuity Scams

Annuity scams are becoming more prevalent today and you need to be careful.

Many annuity salespeople are victimizing their prospects and even clients by selling them annuities that may be unsuitable. The tough economy is not doing any justice to these scams neither. Many people are falling victim to annuity sales reps trying to make a quick dollar.

It is very important to be well informed of what your agent is trying to do for you. Ignorance is certainly not bliss when it comes to this area. Being scared into investing into an annuity is not a way for you to make a good decision. Furthermore, it is important you are well educated when trying to make a good decision and not be the victim of an annuity scam.

For more information on how to avoid this and make the right choices when it comes to your annuities, please visit us at http://www.AnnuityMD.com

Annuities: Will I Be Taxed When I Die?

Will I Be Taxed On My Annuities When I Die?

This question is not uncommon. First and foremost, you must understand that there are several taxes that must be taken into consideration. Your annuity value will be included in your estate value at the time of death. So in the case of estate taxes, if you are over the exclusion amount, they can create a tax burden.

More importantly however, is what happens to the inheritor of your annuities. Your heirs are taxed on the gains in your annuity value. Here is a great explanation of this from about.com.

Upon your death, your heirs inherit the $200,000. Tax rules say their cost basis in the investment will be the investment’s value upon your date of death; in this case $200,000. They can now sell it, and pay no tax on the $100,000 of gain.

This step up in cost basis does not apply to annuities.

If you invest $100,000 in a variable annuity, and it doubles to $200,000, upon your death, your heirs will have to pay taxes, at their ordinary income tax rate, on the $100,000 of gain. This could result in federal taxes of $15,000 - $35,000, depending on their tax rate.

No tax would be due if the investments had been placed directly in a mutual fund, instead of inside the variable annuity.

Unfortunately, when variable annuities are sold, far too few advisors explain that your heirs may pay thousands in taxes, instead of no taxes.

However, there is a solution for this. There are ways to make the value of your annuity tax free if you take particular actions. To better explain this, please clicck on the following link:

Tax Free Annuities

This site has a great program to help you take advantage of some laws that may help you. Hopefully you find benefit in this.

Sincerely,

Tony Bahu

CEO AnnuityMD.com

Your Annuity Value is at Risk

DID YOU KNOW THAT YOUR YOU ARE AT RISK OF LOSING

HALF OR MORE OF YOUR ANNUITY VALUE?

Annuities can be a great way to accumulate and grow your money. However, the tax deferred

feature of your annuity may be creating a tax nightmare for your family and loved ones.

In fact, dying with your annuity could cost your family over half of the value of your

hard earned inheritance? Please read on.

We are offering a special no cost report that details how to pass on the value of your annuity completely tax free to your family if you qualify. There are no strings attached to receiving this no cost report.

If you visit:

http://www.AnnuitiesTaxFree.com

you will have access to this report immediately.

This report will detail thoroughly what it takes to make sure that Uncle Sam does not become

the number 1 inheritor of your estate.

This report will show you what you can do to avoid the tax time bomb that your annuity is turning into.

As always, if you have any questions, feel free to reply to this e-mail.

I hope this report helps.

Sincerely,

Tony Bahu

CEO

AnnuityMD.com

Annuities

Welcome to all who have been reading this blog on annuities. We have officially moved our blog over to http://Annuities.AnnuityMD.com

Here you can find our publication 'Annuities: The Shocking Truths Revealed.' This report exposes all the secrets that you have never been told by your insurance agent and the insurance companies. It reveals everything you need to know to make an informed decision on your annuity purchase.

So come on over and pay us a visit and see what all the hype is about. We have been informing consumers for over 6 years on this matter and we are the consumer authority on annuities. It is non-biased real life advice made for you!!!!

Sincerely

Tony Bahu

CEO

AnnuityMD.com