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PHILADELPHIA ANNUITY
Articles
Life Planning as Part of Retirement Planning
Helping employees build a nest egg is essential, but it's only part of the total retirement planning equation. Longer life spans mean that having a successful retirement takes not just financial planning, but "life planning." However, despite the fact that today's retirees have two or even three decades of active years ahead of them, few really think about how they're going to spend that time and what their retirement will mean for their family. Life Planning as Part of Retirement Planning Source: Insurance News Net
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Market Capitulation
The market hit its post 10/10/08 lows and closed on them. The Asian markets are getting creamed in overnight trading and a Canadian hedge fund has to liquidate and close 2 funds. This is the perfect storm for short-term trading. Based on what we see, by the end of the week, but more than likely tomorrow, we will see a close below 8,000. This takes out the temporary bottom we called on 10/10/08 and there is no bottom until 7,500. However, after the new closing lows that we will see by tomorrow or the next day there should be a
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Retirement Annuities: Cash of Life
Making lightweight canoes had long been a labor of love for Joel Flather, founder of Compass Canoes in Taunton, Mass. But last year, at age 66, Flather decided to sell his ten-year-old business to a larger boating company. The transition confronted Flather with one great unknown. "We never had a pension plan at my company," he says, "so funding the future became an important issue." Retirement Annuities: Cash of Life Source: CNN Money
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AnnuitySpecs.com Releases Third Quarter, 2008 Indexed Sales Results
Fifty-nine Indexed Annuity carriers participated in the 45th edition of the Advantage Index Sales & Market Report, representing 99% of Indexed Annuity production. Data was collected on sales of Indexed Annuities registered as securities as well. Total third quarter sales were $6.7 billion, up 5.2% from the same period last year. As compared to the previous quarter, sales are down 2.2%. Sheryl Moore, CEO of AnnuitySpecs.com commented, “I can only see sales of indexed products increasing, during a time when American consumers are seeing the balances on their accounts plummet. Indexed Annuity policyholders are sleeping soundly at night, rather than
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