Saving for retirement is imperative during the working years of an individual and it is wise to invest the savings where it can enjoy tax deferred growth. In this respect, fixed deferred annuity is worth considering after making the maximum possible contribution to 401(k) and IRA. Money can be invested in fixed deferred annuities without […]
All posts tagged Annuity
Top 5 income payment options available with Immediate Annuity
In an earlier post, we explained how SPIA can be used for retirement planning because they provide guaranteed income and are easy to understand. Insurance companies offer various types of income payment options for SPIA, from which you can choose the scheme that suits your requirements. These payment options vary from one insurance company to […]
Immediate Annuity checklist – Important points to consider when purchasing SPIA
The challenge of retirement is how to spend time without spending money. This funny quote subtly suggests that the retirees are often under the fear of outliving their money. Purchasing annuities during retirement is a way to ensure a steady income during the golden years. Just like any other investment product it has its own […]
Retirement Planning with Immediate Annuities
While planning and saving for retirement, the biggest question that haunts the retirees is ‘Is my nest egg enough for my retired life?’ No one can answer this question confidently due to uncertainty of rate of return on investments and the length of post-retirement life span. Between his income and himself, a retiree cannot be […]