Annuities

Like any financial investment, choosing the best annuity is a matter of personal choice and preference. For seniors, choosing the best annuity may depend on what the individual plans to do with the money or what the purpose of the savings is. For example, many seniors just want an annuity as a way to tax defer some income and leave a benefit for loved ones after their passing. Others may need some ready cash and want to be able to draw payments from their annuity. Choosing the best annuity can take some careful consideration. Fixed vs. Variable Rate Annuities There …

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No matter what it is, a home loan, a savings account, or even gas prices, everyone wants the best rate. While it’s easy to pull up to a few gas stations and compare the price per gallon to figure out which rate is is the best deal, comparing rates for fixed annuities isn’t as easy. There are many factors to consider and the best rate does not always equal the highest yield. Factors to Consider There are several things to think about when beginning to compare the best rates on a fixed annuity. From where to buy to what the …

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You’ve worked hard and managed to put a decent amount away.  By nature you are a very conservative investor so bank CD’s seem like the natural choice.  Right now interest rates are at historic lows so you’re open to other fixed-rate alternatives.  Investing into a fixed annuity might be the next logical choice.  Here are the differences between CD’s and fixed annuities and reasons why one or the other might be the best investment for you. CD’s and Fixed Annuities are Fixed Yes, CDs are FDIC-insured and offer a fixed rate of return if held to maturity. But fixed annuities …

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Modern day has most baby boomer investors confused on what’s right for them.  With ETF’s, target date retirement funds, and structured products, how is any typical investor really supposed to know what is actually a good investment and what is a dog.  When it comes to baby boomers approaching retirement, a common investment thrown around is the ever popular “Annuity“.  But even in the in the annuity world, there are several different kinds to choose from: fixed, variable, life, immediate, index. So many choices have boomers scratching their heads trying to figure what exactly is right for them. To try …

Fixed Annuities- Are they right for boomers? Read More »

If you are looking at purchasing an annuity, there are some things to consider first before even looking into the many kinds of annuities out there. For example, annuities typically are not for young people unless they plan for something like an early retirement, or have come into a large inheritance. They should instead focus on investing into their 401(k)s or a Roth IRA, both of which allow for the most growth and flexibility for your investments. Before purchasing an annuity it is best to learn about all of your options and carefully consider which one would be best for …

Fixed Annuity Term (Comparing Annuity Features) Read More »

An annuity is another way to consider saving for retirement. Most people are no longer relying on just social security payments to fund their retirement. In addition to 401(k) plans, IRA’s, and traditional savings accounts, annuities are just another option for those looking to ensure the lifestyle they desire during their retirement years. What is an Annuity? Essentially an annuity is a contract that one makes with the company they choose, making payments in return for a payout in the future. There are many places to purchase an annuity, from insurance companies, to banks, brokerage houses, mutual fund companies, and …

How does an Annuity Work? Read More »

Annuities are an investment tool used to help fund retirement. Annuities pay out until the death of the annuity holder and therefore are often called life expectancy annuities. There are two phases of an annuity, and several different annuity options to choose from. Phases of an Annuity Annuities have two phases, the accumulation phase and the distribution phase. The accumulation phase is the period where money is being deposited into the annuity, essentially the premium payment period. Then there is the distribution phase which is when payment from the annuity begin. There are different forms of annuities including the immediate …

Life Expectancy Annuities Read More »

Annuities are another way to save for retirement and senior living. Essentially you make payments or pay the premium for the annuity in full and at a later date you are guaranteed payments from the money you initially invested. That is of course, the simplified explanation. There are a variety of annuities, a variety of payment or investment options, and even more options for the disbursement or pay out period. Deciding what type of annuity to invest in is really a matter of personal choice and requires examining what you need the funds for, how healthy you are, the age …

Life Income Annuity Read More »

Many people use annuities to supplement their retirement income. An annuity is a type of investment that allows individuals to make premium payments and then get guaranteed payouts during their retirement years. There are many types of annuities, and ways to invest in annuities. One form of investing with annuities is using the delayed annuity. Understanding Annuities Annuities are similar to insurance, you pay premiums, then get a pay out. Many people pay into the company where their annuity is held, and that collective pool of money is what allows the expected annual payouts. Some people will pass away before …

What is a Delayed Annuity? Read More »