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Category: Annuities

Do I need to purchase an Annuity?

[ 0 ] February 15, 2012
Campbell & Boyd InsuranceEven if you have been saving money for life after Retirement, it may not be enough.

With Annuities, you are able to stabilize your savings in such a way that it converts into financial security.

Let’s face the facts:

  • Security may not be enough to take care of your money needs.
  • Contributions made by employer sponsored retirement plans may be very limited.
  • You want to have the benefit of knowing that a certain amount of income will come to you every month.
  • You want to be relieved knowing that your monetary needs will be looked after for as long as you live.

Annuities offer much flexibility so that you can decide the nature and scope of investment that you want to make, in lieu of your long term requirements.

Come connect with us on Facebook or LinkedIn.

CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel:  802-257-9500

email: ddboyd@campbell-boyd.com

 

 

 

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How Annuities Work

[ 0 ] January 13, 2012

Campbell & BoydThe simplest way to explain how annuities work is to describe them as an investment security that you pay money in to for a set period of time, and once you reach a certain date you start to receive regular payments for a set period of time, often times for the rest of your life. Investors, especially those who are very risk averse, like annuities because they provide a steady stream of income and unlike stocks, bonds, mutual funds and other common investment options, annuities are guaranteed.

The amount of time you pay in to the annuity can vary anywhere from a onetime payment (think lottery winner or someone who just received a big inheritance) to many smaller payments over a long period of time. This will vary largely on the amount of the annuity and when you intend to start receiving payments. For example, if you start paying in to an annuity when you were in your 20s but don’t intend on taking payments until you retire, you will likely have many small payments, however if you waited to start when you were in your late 50s, you will need to pay more each month over a shorter period of time. Annuities provide a nice supplement (or primary income) especially for those who think social security might not be enough for retirement.

Annuities offer much flexibility so that you can decide the nature and scope of investment that you want to make, in lieu of your long term requirements.

Campbell and Boyd

20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302

tel: 802-257-9500

 

 

 

 

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Insurance for Every Need

[ 1 ] October 29, 2011

Campbell & Boyd, located in Battleboro, VT, is specialized in Personal Insurance and Commercial Insurance Products. Connect us with Social networks like Facebook and LinkedIn

Campbell & Boyd

20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302
tel:  802-257-9500
email: ddboyd@campbell-boyd.com

 

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Campbell and Boyd Annuities

[ 0 ] October 24, 2011

Annuity is the greatest path for your growth and for your regular retirement income every year.

Campbell & Boyd Insurance Services is a customer’s stop for Annuities as we provide customer- centric attitude with a combo of management and business practices. The Annuity products include different phases like deferral phases, income phases, with various kinds like life annuity, fixed annuity, variable annuity, immediate annuity and annuity for women. Here we Campbell & Boyd Insurance Services challenge to erase your retirement fear by its financial Annuities service.

For more information Contact Us today or you can find us on Facebook and LinkedIn!

 

CAMPBELL & BOYD
20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302
tel:  802-257-9500
email: ddboyd@campbell-boyd.com

 

*images courtesy of istockphoto.com

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Do I need to purchase an Annuity?

[ 0 ] September 9, 2011

Campbell and BoydEven if you have been saving money for life after Retirement, it may not be enough.

With Annuities, you are able to stabilize your savings in such a way that it converts into financial security.

 

Let’s face the facts:

  • Security may not be enough to take care of your money needs.
  • Contributions made by employer sponsored retirement plans may be very limited.
  • You want to have the benefit of knowing that a certain amount of income will come to you every month.
  • You want to be relieved knowing that your monetary needs will be looked after for as long as you live.

Annuities offer much flexibility so that you can decide the nature and scope of investment that you want to make, in lieu of your long term requirements.

Campbell and Boyd

20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302

tel: 802-257-9500


*photo courtesy of  www.istockphoto.com

 

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How To Surrender Or Exchange Your Variable Annuity

[ 0 ] August 17, 2011

Campbell & Boyd Insurance Services

After conducting a thorough review of your existing variable annuity contract, you may decide it would be best to either surrender your contract and use other investments asalternatives to your variable annuity, or exchange your variable Annuity for a new contract that has much lower expenses.

How you go about doing a surrender or exchange will depend on whether your variable Annuity is inside of an IRA account or not. Below are a few  things you will need to know.

Variable Annuity Inside Of An IRA Or Retirement Account

If you have a variable annuity that is owned inside of an IRA account you can simply roll your funds out of the variable annuity and into a regular IRA at a bank, mutual fund company or brokerage firm. Since the funds are still inside of the IRA wrapper, it is considered a transfer or rollover, and no taxes are due on such a transaction. (Make sure there are no surrender charges before you cancel or exchange any variable annuity.)

In many cases by moving a variable annuity inside of an IRA to a portfolio of index funds, you can reduce your expenses by from 2% – 3.75% a year to .50% – 1% a year. This is a significant savings

Variable Annuity Not Inside An IRA or Retirement Account

If you own a variable annuity that is not inside of an IRA or other type of retirement account, before you cancel the annuity, for tax purposes, you will need to find out if your annuity has a gain or a loss.

Find Out Cost Basis Of Your Variable Annuity


First, you will need to know your annuity’s cost basis. This is the total amount of money you put into the annuity. If you don’t know the cost basis, call the customer service number on your statement and ask them.

For more information on how you can obtain an Annuity, contact us today!

20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302

tel: 802-257-9500

email: customerservice@campbell-boyd.com

*courtesy of istockphoto   www.istockphoto.com

 

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