Vincent J. Bono, J.D. - Federal Employee Advocates

The Difference Between GLWBs and LIBRs

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If you need a reliable source of income for retirement, annuities offer one of the safest, most efficient ways to create that income. However, because modern annuities include a myriad of customization options, navigating their features, such as income riders, can be daunting.   In this article, we’ll examine two of the most popular methods for … Read more

What is a “bucket strategy” and where does safe money fit in?

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Everyone has their own vision of what an ideal retirement looks like.  Some of us daydream about traveling the world.  Others vow to learn a language, get a degree, or pursue hobbies we never had enough time for when we were working. However, retirement also may involve a crucial psychological adjustment as you shift from … Read more

Fixed Indexed Annuities 101 

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Introduction  Fixed indexed annuities (FIAs) have become a popular option for people looking to balance growth potential with protection from market risk. But what exactly are FIAs, and how do they differ from other annuities? In this article, we’ll explore how they work, their key features, and what makes them unique compared to different kinds … Read more

Who should and should not buy an annuity?

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The confusing, hype-laden manner in which annuities are marketed and sold is one of the main reasons people dismiss them as viable retirement assets.  There are tons of annuity products available, and new ones are introduced almost daily.   Each “new and improved” annuity typically has at least one or two unique features to distinguish … Read more

The Difference Between a Pension and an Annuity.

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Pensions and annuities are two popular retirement income sources, but they operate differently and have distinct features. Let’s explore what sets these two income streams apart and how to decide which might be the right fit for your needs. What is a Pension? A pension is a retirement plan offered and managed by an employer, … Read more