Deferred annuities are annuity contracts that delay payments of income, installments or a lump sum until the individual elects to receive them. Hence, the title deferred annuities. One of the many advantages of tax deferred annuities is the tax bracket you’re in when you start receiving the income payments. Read More…
Posts Tagged ‘annuity investments’
Annuity Quotes
Annuity quotes may be one of the most important quote you ever received in your investment career. The reason is simple. According to current mortality tables, if you are the average 65 year old American, you will live an additional 18 years. Statistics show that a large number of retirees will live much longer. Because Americans are living longer, they are very concerned they will outlive their retirement income. Given the current state of affairs in the stock and real estate markets, these people have very real reasons for concern. Read More…
Annuity Information
Annuities come in all sorts of shapes, sizes, types and classifications. Depending on where you have the assets invested when your payments begin, and method of premium payment, annuities have various benefits. For instance, fixed annuities assure a specified rate of interest for a certain period of time, while variable annuities offer a greater opportunity for growth, but then, the risk involved is also high. More Annuity Information…
Annuity Purchase
An annuity purchase is like any other purchase except when an annuity is generally for the long term. An annuity is used to accumulate money for a future time when you will want an income on a regular basis. Read More…
Variable Annuity
A variable annuity is an annuity in the truest definition of annuity. The particular make-up of a variable annuity is what sets it apart from other annuities. Read More…
Annuity Products
Annuity products are regulated by three levels of government. The federal government regulates variable annuities through the Securities and Exchange Commission and the Financial Industry Regulatory Authority, Inc. The state governments regulate annuities through their respective Insurance Department. All annuities have to comply with the Internal Revenue Code. Read More…
How To Compare Annuities
Annuities come in three flavors, fixed, variable and index. With a fixed annuity, the insurance company guarantees the rate of return at the time you purchase your annuity. A fixed annuity also grows at a secure rate for as long as you own the contract. The interest paid is tax deferred meaning you don’t have to declare it on your yearly tax return. Read More…
Immediate Fixed Annuity
An immediate fixed annuity has been called the classic annuity because a person begins to receive periodic checks after the first month of investment. Hence, immediate means it starts in a relatively short period of time and fixed means the check will be the same amount every time. Read More…
Annuity Taxation
It is in this phase that income taxes will be due on every annuity payment the annuitant – the person receiving the payment – receives. If the payment is made as a lump sum, then income taxes will be due on the difference between the amount paid into that annuity and its value when it is paid back.
How Equity Indexed Annuities Work
An equity-indexed annuity is an annuity that is different from a traditional interest bearing annuity. An equity-indexed annuity earns its interest by being linked to a stock or other equity index. Read More…