Stock Investing Tutorial #7 Part 2
More info for investors who are looking at stocks and more types of investing opportunities. This video two parter is aimed mainly at high school age people who might have a future interest in investment opportunities that are not discussed in most financial groups or classes. Wealth is not a number, it is a feeling. You are required to manage your investment decisions. This video shows many different arenas which can produce income, but each requires the investor to do research. Some areas to consider are stocks, mutual funds, bonds, commodities, franchises, royalty income, residual income, real estate, collectibles, tools of your trade and annuities which are not mentioned in this video.
Duration : 0:8:14
HamiltonAnnuitiesWF.wmv
How annuities work and how Hamilton annuities compare to Wells Fargo
Duration : 0:1:21
Is an Annuity Right for Me?!
Five questions you should ask before buying an annuity
While annuities can be a great choice, they are not for everyone. The Insurance Information Institute says there are 5 questions you should ask before you buy.
Annuity Basics
Annuities are long term investments sold by insurance companies. They can allow you to save money on a tax deferred basis or provide you with retirement income immediately, and they protect you against outliving your assets. There are several different types – some provide a guaranteed fixed income and others invest in the stock market and provide a variable income.
5 Questions to Consider
* Am I comfortable with the risks involved in this annuity? Some are guaranteed and some are not.
* Do I have emergency funds? If you don’t have additional cash you can count on for an emergency, an annuity is not for you.
* What will I be charged if I want to withdraw my investment early? That depends on the annuity. Shop around, because they all have different fees and different early withdrawal charges.
* What happens to the money if I die? There are several different options out there. Some continue to pay to beneficiaries and some do not. You’ll want to know before you buy.
* And, am I sure that this annuity is good for someone of my age, health and financial situation?
Annuities are regulated by the SEC and state insurance commissioners. Insurers are required to take various customer characteristics into account before suggesting a product. State laws also have what’s called a free look period, usually from 10 to 30 days during which an annuity can be returned no strings attached
About the Insurance Information Institute
I.I.I. is an educational, fact finding and communications organization funded by the property casualty insurance industry to explain what insurance is and how it works. Each year, the I.I.I. works on more than 3,700 news stories, handles more than 6,000 requests for information and answers nearly 50,000 questions from consumers.www.iii.org
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Duration : 0:2:19