Pelican Wealth Advisors is a wealth management firm, specializing in financial planning, investments and portfolios, lifetime income annuities, and everything that goes with planning for retirement. However, our ultimate goal is to help our clients relax and enjoy life (while we worr
Guaranteed Income Benefits Deferred annuity products often guarantee that you can withdraw a minimum percentage from an annuity contract, after age 59. This amount is guaranteed, regardless of how investments in the contract perform. It is typically between 4% and 7% of the ini
Typically, annuity fees are levied for two reasons: Mortality & Expense Fee (M&E) This fee pays for the management, sales commissions, administrative expenses and insurance guarantees— including death benefits and income payouts for life. The M&E expense fee may be avoided
Much like your car or home, your retirement portfolio requires maintenance fees so that it can continue running smoothly. However, what many may not realize is that even small differences in fees can translate into large differences in returns over time. For example, mutual funds have
Just as your credit rating is important for a bank to consider when it invests in you for a loan or credit line, the flip side is true with insurance companies that you are investing in. You should consider an insurance company’s rating before you make the decision to invest with them
What Is An Annuity? Why Would I Want An Annuity? What Are The Different Types of Annuities? Which Annuity is Right for Me? What are Some Common Misconceptions About Annuities? These questions and many more answered here.
There is often a lot of confusion when individuals first start considering the purchase of an annuity. There are three basic types of annuities: 1. Fixed Annuity The first and oldest type of annuity is a fixed annuity. This is sometimes called a “traditional” or “immediate” annuity.
What kind of benefits will an annuity provide? The two most common promised benefits are: Immediate and Deferred 1. An immediate, life-long income stream (an “immediate annuity”) 2. The promise of growing an account balance into the future (called a “deferred annuity”) Immediate annui
The past few years have not exactly been a cakewalk, as far as the economy is concerned. As we slowly turn the corner, we find there may even be more challenges to consider. This is the sixth installment of 12 Questions You Need to Ask Before Buying an Annuity which can be downloaded
Fun? Relaxation? Enjoyment of life? At Pelican Wealth Advisors, we consider ourselves a “holistic wealth management” company. By “holistic”, we mean that we try to look out for the overall well being of our clients, in not only wealth, but in all aspects of their life. Part of this i