Income now or income in the future, annuities can do it all Have you ever wondered how much money you would need to set aside for retirement? Most people have asked themselves that question, and many are worried about their financial future. Income fixed, and variable annuities address that need for retirement income and [...]
Annuities are investment products with an insurance component based on the financial strength of the annuity issuing insurance company. Annuities offer an attractive alternate option to secure a steady lifetime income stream with flexible options based on the investor's preferences of security and risk. Annuities are also unique in the sense that income from stock market gains and contributions are tax deferred until you decide to withdraw.
Annuities have a long history of successful retirement income planning, dating all the way back to the Roman Empire in A.D. 225! Simply put, an annuity is a guaranteed payment for a certain period of time, more commonly a lifetime. Ensuring the recipient of the payment never outlives their money and has a guaranteed income [...]
Part 3 Last week I wrote about the different annuities that are available and the difference between them. This week, I hope to describe who may be best suited for each annuity. Fixed Annuity – As I wrote, this annuity earns a fixed rate of return. This annuity is best suited for someone who does [...]
Part 2: Last week I wrote about what the experts think about annuities; how leaders such as Tony Robbins, Suze Orman, Dr. David Babbel, after doing much research, state that for the right person, at the right time, the right annuity can be very beneficial to enhance one’s retirement. So, what is the right annuity? [...]