Timothy Sumer

Will annuity rates rise this 2023? While it's impossible to know for sure if annuity rates will rise in 2023, there are various factors that could potentially influence them. Economic conditions, fluctuations in interest rates, and changes in the insurance industry can all play a role in determining annuity rates. To make informed decisions that align with your financial goals, it's crucial to stay up-to-date and seek guidance from a financial advisor. Bryan, as an expert in this field, can offer valuable insights to help you determine whether the answer to this question is a "yes" or a "no". What You’ll Learn from This Episode: [1:34] Can we expect a rise in annuity rates in 2023? [4:55] What factors have caused a decline in 10-year rates? [5:10] An annuity aligns perfectly with your long-term financial objectives. [9:02] Don't wait for rates to increase - take action now. [9:48] The management of company insurance assets carries signific...

A Guaranteed Minimum Annuity Value (GMAV) is a valuable feature for annuity owners. It provides a sense of security knowing that their annuity has a guaranteed minimum value, regardless of how the market performs. However, it is crucial to carefully evaluate the terms and costs of any annuity contract before deciding to purchase one. In this episode, Bryan will provide his expert insights on how this feature works and offer valuable advice on determining whether a GMAV is a suitable choice for your financial goals and needs. What You’ll Learn from This Episode: [1:23] The Good Value of Using Annuities for Retirement [2:42] Guaranteed Minimum Annuity Values and Effects of Higher Interest Rates in Annuities [6:00] Don't Be an "Armchair Economist." Don't Wait Too Long. [6:57] Perks of Specifying Guaranteed Minimum to Your Contract [8:11] The Difference Between a Surrender Value and Guaranteed Surrender Value [14:42] 2024 Interest Rates Predictions [16:21] Th...