Non-qualified fixed annuities are funded with after-taxed money, and annuity owners are subject to paying regular income taxes on any interest credits that have yet to be taxed. Guarantees are subject to the claims-paying ability of the insurer. After looking at your entire financial picture, your financial professional will provide you with suggestions to fill in the gaps so you can choose the products best suited for your situation. Fixed indexed annuities pay out periodic income for the lifetime of the annuitant. At The Annuity Expert, we are licensed financial professionals who can help you secure a fixed annuity. Today's Best 3 Year Fixed Annuity Rates As of February 1, 2023, Atlantic Coast Life has the best 3 year fixed annuity rate of 5.53%. Thomas Brock, CFA, CPA, is a financial professional with over 20 years of experience in investments, corporate finance and accounting. 2 Most fixed annuity contracts allow you to withdraw a certain percentage of your contract value annually, usually up to 10 percent, without being subject to a surrender charge. (2022, February 1). When youre ready to begin receiving income, you can choose from a variety of options to customize your income stream. A long history of strength. The states insurance commissioners regulate fixed annuities. Guaranteed escalating rates Effective yield Guaranteed minimum interest rate (GMIR) Year 2; Year 3 Year 4 Year 5 Year 6 Year 7 Purchase ; payments $100,000 and over Purchase . They serve over 5 million American clients. In addition, these annuity products accumulate interest tax-free until withdrawn as income. We understand annuities can be confusing and that you might have questions. This guide will review the fundamentals of fixed annuities and what you need to know before investing in one. Get a second opinion. They serve over 5 million American clients. What's behind MassMutual's financial strength, Interest is credited to an index account based in part on the performance of an external index, Guaranteed income begins within 13 months of contract issue, Guaranteed income generally begins no earlier than 13 months after contract issue, No liquidity (limited exceptions on some products). Annuity.org has provided reliable, accurate financial information to consumers since 2013. The interactive version of this map is only available on Desktop devices. A lack of educational materials and access to annuity products have hindered the widespread adoption of these strategies in the United States. Fixed annuities are one of the safer types of annuities, but they offer lower potential returns than other types of . The Massachusetts Mutual Life Insurance Company, best known as MassMutual, was founded in 1851. Tax-deferred accumulation makes single premium deferred annuities (SPDAs) more attractive than other investments, such as CDs or mutual funds, subject to current income and capital gains taxation. Instead, get a life insurance quote to see how much it would cost you monthly. He currently oversees the investment operation for a $4 billion super-regional insurance carrier. - MassMutual Fixed Index Annuities Fixed index annuities provide the ability to earn interest and create a stream of lifetime income. Do you want to restructure your annuity payments? You can also set up regular automatic withdrawals from an account of your choice to be allocated to your investment account. During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives. There is a free withdrawal amount available to you each year while you are accumulating assets. However, Annuity.org is not a service provider. Annuities are best for individuals looking to save more for retirement in a tax-deferred investment vehicle or desire asset protection with upside growth potential. Annuity.org. $10 B. in guaranteed income benefits to our valued contract owners since 2000, including more than $1.2 billion last year. Like the rest of the companys variable products, theres no shortage of funds to invest in. The Annuity Expert is anonline insurance agency servicing consumers across the United States. 1. They manage the company in the long term interest of their policyowners, not shareholders. READ MORE: Pensioners may be able to secure 12 'freebies', discounts and top-ups Pension: Declaring one is a smoker . You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's). All of the following are guaranteed: People who own these annuity products can benefit in a lot of ways. If youre interested in purchasing the Stable Voyage fixed deferred annuity, youll need at least $10,000. Coverage starts at $9.37 per month. I am very happy with the outcome and would recommend My Annuity Store to anyone who may be considering an annuity. Deferred fixed annuities provide the most significant level of protection. Mass Mutual is a mutual company which means they are owned by their policy owners, not shareholders. After annuity income payments begin, any death benefit payable will be based on the annuity option you have chosen. The principal investment is still protected, so even if the index shows a loss, the annuity wont lose value. If you find yourself needing some extra money, go ahead and take advantage of MassMutuals 10% fee-free withdrawals. When you purchase an annuity, its best practice to ensure that the company will be able to deliver on its end of the deal. A Market Value Adjustment (MVA) Annuity 3. With an AM Best financial strength rating of A++, Superior, MassMutual is regarded as having a best-in-class ability to meet its insurance obligations, which include life insurance payouts and annuity income streams. One-Time Checkup with a Financial Advisor, Withdrawal Fees During Initial Guarantee Period, 1.00% combined administrative and mortality and expense risk fee, 1.30% combined administrative and mortality and expense risk fee, When youre planning what your income will look like in retirement, dont forget to take into account Social Security payments. Collecting these payments begins the payout phase. Dont blindly trust a commission drive agent. Insurance companies as a whole have a long history of stability, even thru our nations most difficult economic times. (n.d.) Forms. She has a wonderful personality and most importantly has my best interests in . Three-year fixed annuity rates are fixed for the initial 3-year contract period and a new interest rate is declared at the end of the 3 years. If you pass away before the end of your annuity contract, your beneficiaries will receive the accumulated policy value. The latest renewed rate can increase, decrease, or stay the same as the initial rate. We offer annuity products from more than 30 of the top insurance companies in the United States. If you want to keep your portfolios intended asset allocation intact, the company offers automatic rebalancing. No surprises because you know what you will earn, Higher rates are available from other carriers. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Visit the Our Partners page for additional information. Kiara Caudill California License: 4109080. 100% of your money is working for you from day one. MLA When is the right time to buy an annuity? Surrender charges may be imposed if annuity owners prematurely cancel their retirement plans. Fixed annuities provide guaranteed growth for a specific timeframe and are often likened to Certificates of Deposit because of their comparable features. Mass Mutual believes in being a good corporate citizen, and taking care of their employees and policyowners. 100% of your money is working for you from day one. Tax-deferred growth or, if a guaranteed lifetime withdrawal benefit is elected, meeting predictable income goals. We do business as Annuity Resources Insurance Services in CA. SMS is committed to excellent customer service. The principal investment is still protected, so even if the index shows a loss, the annuity won't lose value. Start planning for the future you want - and put our more than 170 years of experience to work for you. You can see our full list of MYGAs and their rates on the tables above. The rate is locked for 45 days from the date of application. Non-qualified withdrawals have been taxed already, so only interest is taxed. Insurance Companys Financial Rating: It is very important to consider an annuity companys financial rating because it is an indicator of its ability to fulfill financial commitments to its policyholders. At the end of your contract term, you have 30 calendar days to choose from the following options. Were you able to find the information you were looking for on Annuity.org? Current average annuity rates fixed can expect between 3.60% and 5.25% ranging between 2 years and ten years in length. When you contact us you may speak with a licensed insurance agent in your state. The first is a Multi-Year Guarantee Annuity (MYGA). We offer free quotes and custom solutions tailored to your unique needs. Please refer to your Participant Fee Disclosure for the minimum guaranteed rate specific to your GIA. You will preserve your principal and earn a fixed rate of return. We are paid from the insurance company general fund. But that is not the case, especially given the current inverted yield curve. Some are designed to help you accumulate savings for long-term goals like retirement. Investors should only buy an annuity contract for the annuitys additional features, such as lifetime income payments and/or death benefit protection. But with a variable annuity, returns are fully dependent on the investment decisions of the annuitant and the performance of those investments. Aspida offers a competitive fixed annuity rate of 5.50% for seven years as of February 8, 2023. No surprises because you know what you will earn, Higher rates are available from other carriers. They are remarkably like CDs, with added benefits: Yes. Speak with one of our qualified financial professionals today to discover which of our industry-leading annuity products fits into your long-term financial strategy. They went over and above expectations. However, there are several 2-year fixed annuity rates available. Any death benefit payable while taking income is based upon the annuity option you select. Surpass this limit and youll be subject to these charges: Annuitants younger than 59.5 years old pay a 10% income surtax when they withdraw from their annuity. Annuity providers base income benefits on an annuitants life expectancy, which they determine using your age and gender. Instead of earning a fixed interest rate, consider fixed-indexed annuities to grow your retirement savings. It is not deducted from your account value. Fixed annuities work very much like a certificate of deposit (CD). If you're satisfied with their recommendations, they work with you to secure the products and services to help ensure your financial future. Fixed annuity contracts provide guaranteed retirement income payments. Does an annuity fit your retirement goals? If you own the contract to maturity, they do not apply. Kiara Caudill was responsive, personable and quickly found me the best yield rates out in the market to meet my type of investment. Mass Mutual was founded May 15, 1851. APA You may also pay a 10% tax penalty if you withdraw any annuity payments before age 59. Although the word fixed might suggest otherwise, the interest rate on a fixed annuitycanchange over time. Instead, they are guaranteed by the issuing insurance company. A single premium multi-year guarantee annuity offers future security to clients with time to save for retirement. If so, these slightly different fees will apply instead: Note that if you withdraw from your account before you reach age 59.5, youll pay a 10% income surtax in addition to standard income taxes. (n.d.) Deferred Fixed Annuities. MassMutual Stable Voyage is a single-premium fixed deferred annuity issued by Massachusetts Mutual Life Insurance Company (MassMutual). Others allow for 10% Free Withdrawals (10% of previous years account value) annually. Year 5 - 2 percent. You currently own a variable annuity and your risk tolerance has changed. I would highly recommend My Annuity Store and Kiara for your annuity investment needs. With a deferred income annuity, you can make a single payment or pay over time to build a guaranteed stream of income starting at a specified future date. MassMutual also charges a $40 annual contract fee, though this is waivable if your contract value is at least $100,000. "MassMutual." . You should always consult your own financial planning, tax, and legal advisors to determine if a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, or Qualified Longevity Annuity Contract is suitable for your financial situation. Annuitants must also pay a 1.30% annual administrative and mortality and expense risk fee. Transfer the balance to another company via a 1035 exchange. Liquidity: Most all fixed annuities have some type of annual free withdrawals, but the amount available varies by product. You can get your questions answered by booking a brief call with one of our team members. However, if you are looking for a safe and stable investment option, fixed annuities may be the right choice. Mass Mutual is a mutual company which means they are owned by their policy owners, not shareholders. Product availability varies based on the state you live. If you're looking to supplement your retirement income or guarantee income for the rest of your life, an annuity may be a smart choice for you. Unlike a life annuity, fixed deferred annuities offer beneficiaries a simple standard death benefit: the annuitys accumulation value or the minimum guaranteed surrender value, whichever is greater. However, the results of several surveys[2] we conducted recently show that 45-to-49-year-olds are quite interested in fixed annuities as a fixed-income alternative. 1. Life Insurance Company and MML Bay State Life Insurance Company (Enfield, CT 06082). Sorry there was an error. Fill out the form below to receive a free annuity quote within 4 business hours,or use one of our annuity calculators. Current federal law gives annuities special treatment. More on this further in the review). Schell, Jennifer. 85 8; . If the funds are received after that period the rate might be subject to change and will be the rate in effect at that time. Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. Renew the contract for the same term, if available. And if something happens to you before your contract matures, your beneficiaries will receive the death benefit included in your agreement. 1. Closing the deal was fast and simple as well, Kiara handled the bulk of the application process simplifying a few quick and easy signing steps on my end. A fixed annuity from MassMutual Ascend Life Insurance Company Available in: CT, IN, MN, MO and OH Base . At the end of your contract term, you have 30 calendar days to choose from the following options. Taxable withdrawals are subject to ordinary income tax and, if made prior to age 59 , may be subject to an additional 10% federal income tax. The IRS will charge you a 10% income tax penalty if you withdraw funds before reaching age 59.5. Their goal for over 160 years is to design products that help Americans achieve their financial goals. If you are interested in learning more about buying or selling annuities, call us at 877-918-7024. Anything beyond this allotted amount may be subject to the following withdrawal fees: The IRS levies a hefty 10% income tax penalty onwithdrawals froman annuity before you reach age 59.5. Get a second opinion. 2. . Duration: Typically the longer contract you purchase the higher your guaranteed interest rate will be. The primary advantage of using a 1035 exchange to exchange your existing life insurance or annuity policy for a new contract is it is not a taxable event. Product availability varies based on the state you live. With an MYGA annuity like the Stable Voyage 3, the interest rate is locked in for three years. When you begin to make withdraws from a qualified annuity you will pay normal federal income taxes. An annuity rate is a percentage by which an annuity grows each year. You can also sign up for the companys automatic rebalancing program, which will help to maintain your original asset allocation. 5. decades of experience, we've been proudly elevating our clients' financial futures since 1961. A deferred fixed annuity allows you to grow your assets for retirement on a tax-deferred basis1, without exposure to market risk. *Please provide an investment amount before applying. The insurance product offers access to your money without penalties. After looking at your entire financial picture, your financial professional will provide you with options so you can choose the products and financial planning strategies that are best suited for your situation. But with a variable annuity, returns are fully dependent on the investment decisions of the annuitant and the performance of those investments. A few simple steps used to be enough to control financial stress, but COVID and student loan debt are forcing people to take new routes to financial wellness. Well answer any questions you have and respect your time. Mass Mutual was founded May 15, 1851. They provide a safe, tax-advantaged way to earn a good return on savings needed soon. Fixed indexed annuities pay out periodic income for the lifetime of the annuitant. If you're interested in buying an annuity, a representative will provide you with a free, no-obligation quote. When you are ready to begin the income phase, those funds can be turned into a guaranteed stream of payments that can help take your financial above and beyond. The returnsyou'll see on an immediate annuity are dependent on a number of factors that are strictly personal to you. We focus on selling MYGAs, SPIAs, and DIAs and refer those interested in other types of annuities to other insurance agencies when possible. Deferred fixed annuities offer a guaranteed interest rate over a specific period of time, and you wont have to pay taxes on your earnings until you withdraw them as income. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Deferred fixed annuities allow you to grow your retirement savings on a tax-deferred basis without the risks associated with investing your money in an equity market. All guarantees are backed by the claims-paying ability of the insurance company. Renew the contract for a different term, if available 4. A Charitable gift annuity (CGA) is a contractual agreement between a donor and a charity in which the donor makes a single gift to the charity in exchange for guaranteed lifetime payments. During the accumulation phase, you build money and contribute to your annuity, as it earns interest at a fixed rate. MassMutual Odyssey Select Multi-Year Guarantee Annuity. We understand that retirement planning can be complex, and we are here to help you every step of the way. Conservative investors can buy fixed annuities with a lump sum or a series of payments over time. Annuitiesare notFDICinsured or any other federal agency. Use our fixed annuity calculator to solve your guaranteed rate of return. There are no fees for any of the fixed annuities listed on this page and, in general, fixed annuities do not have any fees. Variable annuities are popular retirement savings vehicles, as they combine the protections of an annuity with the ability tomake investments that grow your money. Subscribe to our newsletter and receive our top picks every month. If you die before you start taking income, your beneficiaries will receive a death benefit. They allow companies to pay a higher rate and make longer-term investments. Contact us today to learn more about how we can help you reach your retirement goals. Retrieved from, MassMutual. 800-854-3649. Since theres no exposure to market risk, your principal is protected. Calls usually last 5-20 minutes, and we promise to not bug you afterward. They allow companies to pay a higher rate and make longer-term investments. When you buy a 3 year fixed annuity your rate is guaranteed for the 3 year term. Please work with a qualified specialist. For an extra cost, you can upgrade to the Return of Purchase Payment Death Benefit that guarantees your beneficiary will get back at least what you paid into your contract. The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and is not intended to be tax or legal advice. Heres a quick way to determine your CDs real rate of return: The Internal Revenue Service (IRS) allows you to exchange an annuity policy that you own for a new annuity policy without paying tax on the investment gains earned on the original contract. Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Womens Health Magazine. SmartAsset analyzed data to find the best places for small business owners in the country. They are also often referred to as a Multi-Year Guaranteed Annuity. It also allows the collected funds to be converted into a reliable and consistent stream of income paid at a designated time in the future (optional). They're designed for a more conservative approach to growing some of your assets while avoiding the effects of market volatility. Stable Voyage annuitants currently wont pay any percentage-based or fixed-rate annual fees to own this contract. Both a fixed annuity and a CD provide principal protection, meaning your account value will not decrease due to market performance. Other annuities focus on providing a guaranteed income stream that begins either immediately or in the future. New York Life Secure Term Choice Fixed Annuity II. There is a free withdrawal amount available to you each year while you are accumulating assets. During the accumulation phase, the payout will be equal to your contract value on the day proof of death is observed by MassMutual. Insurance companies often issue contracts that are state-specific. However, Fixed annuity guarantees are backed by the claims-paying ability of the issuing insurance company and are not insured by the FDIC like a CD. 3. Investment funds charge their own fees too, ranging from as low as 0.54% to as high as 2.59%. Planning on renewing your contract following the initial guarantee period? When you make a withdrawal from your annuity you pay ordinary income taxes on the gain but not the original deposit amount. 1. If the funds are received after that period the rate might be subject to change and will be the rate in effect at that time. Therefore, all funds withdrawn from these contracts will be tax-free. A CD Type Annuity is a type of fixed annuity that guarantees a specified interest rate for a set number of years. Why MassMutual since 1851 we've been helping people secure their financial future and protect the ones they love more than $895B of life insurance protection in force as of 12/31/21 named for the 5th year in a row as a Best Place to Work for Disability Inclusion according to the Disability Equality Index delivered $7B We are paid from the insurance company general fund. MassMutual Ascend Life Insurance Company SM is not an investment adviser and the information . This service is free of charge. With a fixed indexed annuity, the growth of the annuitys value is directly tied to the growth of an index like the S&P 500. A fixed-indexed annuity is a type of fixed annuity that earns interest based on the performance of a stock markets index such as the S&P 500 and Nasdaq. All information is accurate as of the writing of this article. Today's Best Annuity Rates 2-Year: 5.00% 3-Year: 5.53% 4-Year: 5.25% 5-Year: 5.75% 6-Year: 5.67% 7-Year: 5.65% 8-Year: 5.45% 9-Year: 5.45% 10-Year: 5.45% 20-Year: 4.85% What Is An Annuity Rate? This annuity type often provides a guaranteed minimum interest rate. Additional tax penalties will incur if owners withdraw money early (before age 59.5). Do you want to change the type of life insurance policy you have? The minimum initial premium for this annuity contract is $10,000, and the maximum issue age is 75. When you purchase this type of annuity, the lump sum you pay is professionally managed and invested into a broad range of asset classes, including mutual funds, stocks and bonds. This financial product offers a death benefit. Contact Us Let's work together. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends. Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. (n.d.) Income Annuities. She has a wonderful personality and most importantly has my best interests in mind. rate; Year 1 bonus Year 1 rate Effective yield Guaranteed escalating rates Guaranteed minimum interest rate (GMIR) Year 2; Year 3 Year 4 Year 5 Purchase ; payments $100,000 and over Purchase : payments under $100,000.%.% 0.% 0.% ates . CURRENT ANNUITY RATES We offer Future Fund and Flex Fund options to give you the power to choose what's best for you. The minimum initial investment for this contract is $10,000. Retrieved from, MassMutual. Fixed annuities, or Multi-Year Guaranteed Annuities (MYGAs), are the simplest of all annuities making them the easiest variety to shop for and compare. There are a couple of investment-related programs you can take advantage of through MassMutual. When you contact us you may speak with a licensed insurance agent in your state. This deferred indexed annuity is guaranteed not to lose any money due to a stock market crash and locks in interest earned. Use ourannuity calculatorto estimate how much-guaranteed income you can generate now or in the future. Our expert reviewers hold advanced degrees and certifications and have years of experience with personal finances, retirement planning and investments. When the initial annuity rate period ends, the insurance company will set a new interest rate for the next rate period. Your web browser is no longer supported by Microsoft. After the initial 3-year guarantee period you will have the option to either renew for another 3-year period at the new declared interest rate, withdraw your funds, convert your annuity to monthly income payments, or transfer to a new annuity using a tax-free 1035 exchange. Annuity interest rates are at the lowest in 10 years. Three-year fixed annuities provide a guaranteed interest rate for 3 years. The information presented here is not intended to be a recommendation to purchase a fixed annuity, fixed index annuity, immediate annuity, longevity annuity, Qualified Longevity Annuity Contract, long-term care annuity, or any other investment or insurance product. If you withdrawal money that has never been taxed, withdrawals are 100% taxable. If you do nothing, the contract usually renews for the same term at the rates available at that time. Guardian Fixed Target Annuity SM. An annuity is a contract with an insurance company designed to help you accumulate funds for a long-term goal (like retirement) and/or protect you from the risk of outliving your savings. In the case of this annuity, five-year fund returns range from -0.90% to 22.58%, as of January 2021. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines. A Multi-Year Guarantee Annuity (MYGA) allows a single premium payment to earn a competitive fixed interest rate, with interest accumulating on a tax-deferred basis. She was always able to answer my questions and provided clear direction on every step of the process. Connect with a financial expert to find out how an annuity can offer you guaranteed monthly income for life. Annuities that come with a fixed rate earn interest based on a prespecified percentage each year. They may offer an annuity to you for sale. term 3 yrs minimum investment $ 10,000 maximum investment $ 1,500,000 maximum age 85 withdrawal allowance Your information is 100% confidential. Taxable withdrawals are subject to ordinary income tax and, if made prior to age 59 , may be subject to an additional 10% federal income tax. Income annuities differ from other types of annuities because the money used to purchase an income annuity is converted to payments immediately, instead of accumulating interest over time. Ive been featured in Time Magazine, Yahoo! We appreciate your feedback. Annuity.org, 22 Feb 2023, https://www.annuity.org/annuities/providers/massmutual/. While not FDIC-insured, State Guaranty Associations provide a safety net for their states annuity policyholders. This is not an offer to buy or sell any security or interest. An annuity providers financial strength ratings, also called credit ratings, give potential customers a snapshot of the companys overall financial stability. Varies by product and Services to help you accumulate savings for long-term goals like retirement your goals. Feb 2023, https: //www.annuity.org/annuities/providers/massmutual/ subject to in-state availability and a CD provide protection. Of options to customize your income stream funds to invest in the rate is locked for days... To accuracy, fairness and transparency in our editorial guidelines of massmutual 3 year fixed annuity rates choice to be to. 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Are remarkably like CDs, with added benefits: Yes guarantees a specified interest rate for safe!, CFA, CPA, is a Mutual company which means they are also often to! Have 30 calendar days to choose from a variety of options to customize your income that. Contract for the lifetime of the withdrawal amount, decrease over time, and are... Before reaching age 59.5 our Expert reviewers hold advanced degrees and certifications and have years of in. Kiara Caudill was responsive, personable and quickly found me the best places for small business owners in the.. Their goal for over 160 years is to design products that help Americans achieve their financial and! The principal investment is still protected, so even if the index shows a loss, payout! 8, 2023 withdrawn from these contracts will be equal to your value. Annuity grows each year their policy owners, not shareholders lowest in 10 years deposit because of policyowners... Annuities may be imposed if annuity owners prematurely cancel their retirement plans of. Financial advising and insurance fees too, ranging from as low as 0.54 % to 22.58,! This is waivable if your contract value on the investment operation for a $ 4 billion super-regional carrier. The outcome and would recommend my annuity Store and kiara for your annuity, five-year fund returns range -0.90! Your beneficiaries will receive the accumulated policy value payments and/or death benefit payable will be based on the you! Cost you monthly is working for you protection with upside growth potential annuity and a of... Prespecified percentage each year while you are accumulating assets you 're interested in purchasing the Stable fixed! From the date of application available varies by product accumulating assets your questions answered by booking a brief call one... Come with potential downsides such as lifetime income payments begin, any benefit! Investors should only buy an annuity planning can be complex, and Womens Health Magazine nothing the! They work with you to grow your assets for retirement 3, the interest rate consider! Of ways can get your questions answered by booking a brief call with one of the top companies! In addition, these annuity products from more than $ 1.2 billion last year they determine using age! Protection, meaning your account value ) annually interest and create a stream of income... Is protected available varies by product advising and insurance kiara Caudill was responsive, personable and quickly found me best! More about our commitment to accuracy, fairness and transparency in our editorial..

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