Did You Know?

That, as of the first quarter 2011, the combined net assets of U.S. variable annuities were valued at nearly $1.6 trillion, an 11% increase from first quarter 2010 and the highest level ever recorded?
In 2010 fixed annuity assets were valued at $659 billion a 6% increase from 2009?
That in 2010, the total average expense difference between variable annuities and mutual funds was 1.01%?
In 2011, the contribution limits range from $5,000-$6,000 for an IRA, $16,500-$22,000 for a 401(k) and $200,000 plus for a non-qualified annuity?
That the average number of funds per variable annuity contract was 50 in 2010, of which 47% of assets were invested in equities, 11% in bonds, and 20% in fixed-rate accounts?
That the guaranteed lifetime withdrawal benefit was offered on 79% of variable annuities in 2011 and was elected by 65% of contract holders?
Boomers who own annuities have a higher confidence in retirement expectations, with 92% believing they are doing a good job in preparing for retirement?

Consumers

08.05.2011

This list provides investors with a list of the things they should consider when approaching financial planning:

Set measurable goals.
Understand the effects your financial decisions have on other financial issues.
Re-evaluate your financial plan periodically.
Start now - don't assume financial planning is for when you get older.
Start with what you've got - don't assume financial planning is only for the wealthy.
Take charge - you are in control of the financial planning engagement.
Look at the big picture - financial planning is more than just retirement planning or tax planning.
Don't confuse financial planning with investing.
Don't expect unrealistic returns on investments.
Don't wait until a money crisis to begin financial planning.