Income Annuity
An income annuity is exactly what its name describes. These annuities turn some, or all, of your savings into a payment stream. The payment stream is almost always a monthly check. Obviously the amount you put in and how long you want the payments to last dictates the size of the monthly payments. Read More…
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…
Single Premium Annuities
To make sure things are truly simple a single premium is an easy concept to comprehend. It means you pay the insurance company one time and have a contract for life. You can either start receiving payments immediately or defer your income for a number of years in the future. Read More…
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…
Fixed Annuities
Fixed annuities are insurance contracts in which the insurance company makes fixed dollar payments to the annuitant for the term of the contract. The annuitant is the person receiving the payment and the term is usually until the annuitant dies. Read More…
Annuity Companies
Annuity companies are not separate entities that exist by themselves in our financial economy. They are actually insurance companies. If you see a company with annuities in their name, you can be sure it is an insurance company. Read More…
Annuity Funds
Annuity funds are nothing more than either money invested into an annuity or money received from an annuity. The difference is the time period at which you are at with the annuity. If you are just opening an annuity, these are funds that will be invested by you. If you already have an annuity, these are funds that will be received by you at some future period of time. Read More…
Split Annuity
A split annuity is a strategy and not an actual annuity. While a split annuity is a combination of two annuities, it by itself is not an annuity. That may sound like a bit of double speak until you understand its components. The first component is a single premium immediate annuity that pays the owner of the split annuity an immediate monthly income. This is the income portion of a split annuity.Read More…
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…
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…