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Annuities contain features, exclusions, limitations and availability that may vary by state and/or sales distributor.For a full explanation of an annuity, please refer to the Certificate of Disclosure or Prospectus (as applicable) and contact your financial professional or the company for costs and complete details.This material is a general description intended for general public use.
Annuity contracts and group annuity contracts are issued by Athene Annuity and Life Company (61689), West Des Moines, IA, in all states (except New York), and in D.C. and P.R. Annuity contracts are issued by Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY, in New York. Group annuity contracts for New York residents and New York contract holders are issued in New York by Athene Annuity & Life Assurance Company of New York, Pearl River, NY. Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Insurance products may not be available in all states. These companies are not undertaking to provide investment advice for any individual or in any individual situation, and therefore nothing in this should be read as investment advice. This material should not be interpreted as a recommendation by Athene Annuity and Life Company, Athene Annuity & Life Assurance Company of New York, or Athene Securities, LLC. Please reach out to your financial professional if you have any questions about insurance products and their features.
The term “financial professional” is not intended to imply engagement in an advisory business with compensation unrelated to sales. Financial professionals will be paid a commission on the sale of an annuity.
INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, THE BANK OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED
Reinsurance contracts are entered into with Athene Annuity and Life Company (61689), West Des Moines, IA; Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware; Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY; Athene Life Re Ltd., Hamilton, Bermuda; and Athene Annuity Re Ltd., Hamilton, Bermuda.Not all reinsurance products or structures offered are available in all jurisdictions.Reinsurers may not be licensed in all states.All transactions are subject to meeting a reinsurer’s underwriting requirements.Reinsurance products are not protected or guaranteed by state insurance guaranty associations or insolvency funds.
FAQs
6 ways to improve your financial literacy
- Subscribe to financial newsletters. For free financial news in your inbox, try subscribing to financial newsletters from trusted sources. ...
- Listen to financial podcasts. ...
- Read personal finance books. ...
- Use social media. ...
- Keep a budget. ...
- Talk to a financial professional.
Key steps to attaining financial literacy include learning how to create a budget, track spending, pay off debt, and plan for retirement.
What are the three keys to financial literacy? ›
Three Key Components of Financial Literacy
- An Up-to-Date Budget. Some tend to look at the word “budget” as tantamount to the word “diet,” but at its most basic, a budget is just a spending plan. ...
- Dedicated Savings (and Saving to Spend) ...
- ID Theft Prevention.
This article will explore the five basic principles of financial literacy: earn, save & invest, protect, spend, and borrow, providing you with actionable insights to enhance your financial knowledge and make the most of your resources.
What do you need for financial literacy? ›
It encompasses a wide range of topics related to managing money, including budgeting, saving, investing, borrowing, and retirement planning. Financial literacy is essential for individuals to navigate the complex world of finance and make sound financial choices that align with their goals and values.
What are the 7 components of personal financial? ›
A good financial plan contains seven key components:
- Budgeting and taxes.
- Managing liquidity, or ready access to cash.
- Financing large purchases.
- Managing your risk.
- Investing your money.
- Planning for retirement and the transfer of your wealth.
- Communication and record keeping.
The 10% rule is straightforward: it recommends that you put 10% of your income toward savings and investments ahead of other expenses or goals. That way, you can make sure you keep savings and build a strong base for your long-term financial security.
What is the 50 30 20 rule for financial literacy? ›
Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.
What are the three C's in financial literacy? ›
Students classify those characteristics based on the three C's of credit (capacity, character, and collateral), assess the riskiness of lending to that individual based on these characteristics, and then decide whether or not to approve or deny the loan request.
How to teach financial literacy? ›
When they're little
- Introduce the value of money.
- Emphasize saving.
- Introduce them to investing.
- Encourage a summer job.
- Introduce them to credit.
- Consider a Roth IRA.
- Help them set a budget.
- Encourage them to stay invested.
Personal finance deals with an individual or household's income, spending, and savings. The five fundamental focus areas of personal finance are income, spending, savings, investing, and protection. Understanding a country's tax system can help individuals save a lot of money. This requires proper tax planning.
Can financial literacy be taught? ›
Students can learn the basics of personal finance by incorporating financial literacy into the school curriculum. This knowledge is a foundation for making informed financial decisions and helps them avoid common financial mistakes that can have long-term consequences.
Is financial literacy hard? ›
Fewer than half are passing a basic exam on financial literacy—and the average test taker only answered 63% of the questions correctly!
Is financial literacy a hard skill? ›
Some examples of hard skills could include computer skills, software development, financial literacy, bilingual or multilingual capabilities, or campaign management. You can also see hard skills demonstrated by licenses or accreditations that a worker has earned.
What is the first rule of financial literacy? ›
1. Budget your money. In general, there are four main uses for money: spending, saving, investing and giving away. Finding the right balance among these four categories is essential, and a budget can be a very useful tool to help you accomplish this.
