The Takeaway: Insurance Agent Jailed for Selling Annuity to 83-Year-Old With Dementia

Posted on 03/19/2012 by |Brooklyn, NY | Comments

Bulletin TodayIn California, independent insurance agent Glenn Neasham was sentenced to 90 days in jail for selling a complicated annuity plan to an 83-year-old woman who shows signs of dementia. It’s a case that has elder abuse advocates cheering, but which sends “shivers down the spines” of American insurance agents.

2012 Changes May Hurt Older Americans Who Support Charities

Posted on 12/7/2011 by |Giving & Volunteering | Comments

VolunteeringIf you give to charitable organizations, you definitely want to read this post. There are some important changes being made to how some charitable contributions are treated that can potentially affect you. Two main areas to be aware of relate to IRAs and Charitable Gift Annuities. IRAs It is unclear right now if the IRA charitable rollover law will remain in place in 2012. What this means is that unless Congress intervenes people over the age of 70½ who are …

How to Safely Build Your Retirement Income

Posted on 04/21/2010 by |Archived Contributor | Comments

Money & SavingsThe Washington Post has a good piece giving folks tools to help them begin to build their retirement income; fewer folks are retiring with pensions and Social Security just doesn’t cut the majority of a person’s living expenses. The piece goes into depth about annuities — how they differ and which may (or may not) be the right fit for you. Here’s a snippet: An immediate annuity is based on a simple concept: You give an insurance company a lump …