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 […]

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 […]

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 […]