CD rates are currently at an all time low. The average 5 year CD rate in Connecticut is 1.08%. (To see local rates, Bankrate.com is a good site to use CLICK FOR BANK RATE SITE ) Locking money up for 5 years at a rate below 2% is almost a guarantee that you will [...]
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Life Income annuities have been around for a long time. The concept is straight forward. You hand over a lump sum of money to the insurance company and they show you how much they will pay as income for the rest of your life. There are a number of payout options such as a [...] Guggenheim currently offers a fixed annuity with the best rates available. The annuity is a fixed annuity with terms ranging from 3 to 10 years. The product works in the same fashion as a CD. The terms are fixed for the period selected. At the end of the term, the money can be rolled over [...] With the 10 year treasury at 1.5%, CD rates are at 30 year low yields. The current 5 year CD rate in Connecticut is now around 1% which is actually a bit lower than the 3 year CD rates being offered. Bankrate.com is the best place to find all local CD rates available. Click her [...] Guggenheim has come out with a new fixed annuity with rates guaranteed for the entire term. Terms range from 3 to 10 years depending on your preference. Details of the plan are below including a link for a product brochure. Guggenheim Life – “Preserve Multi-Year Guaranteed Annuity” The ability to sustain a steady income during retirement years has always been a primary concern for people in the United States. Recent studies have shown that 61% of U.S residents age 44 to 75 are more afraid of running out of savings/income than they are of death. In order to avoid exhausting a savings [...] The average 5 year CD rate is 1.16% nationally and 1.34% in Connecticut. An A rate insurance carrier is currently offering a 6 year fixed rate at 3.15% for deposits under $100,000 and 3.25% for $100,000 and above. The plan comes with a 100% return of premium feature at any time, even [...] |
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