What Happens to Your Annuity When You Die? Annuities make payments to you while you are alive, but what happens to your annuity when you die? It will depend on what type of payout and beneficiary options you purchase. In this article, we will go over the beneficiary options and taxation of your funds [...]
Picking the Right Payout Option for Your Annuity Picking the right payout option for your annuity is vital for the success of your retirement. You have 3 different options you can choose from. These include the annuitization method, systematic withdrawal schedule, and a lump sum payment. In this article, we will go over these [...]
Deferred Annuity A deferred annuity is a contract you make with an insurance company. In exchange for paying over a sum the insurance company promises to pay you regular income payments at a future date. This is opposed to an immediate annuity which begins payments on the spot. In this article, we will go [...]
Fixed Annuities and Retirement As retirement draws closer, having sources of guaranteed income becomes vital. A fixed annuity can prove to be a steady income stream that supplements other retirement resources. In this article, we will go over the basics of how fixed annuities work, and how you can incorporate one into your retirement [...]
IRA vs. Annuity What is the difference between an IRS vs. annuity? They both are a tax advantaged way to save for retirement. On one hand, an IRA is a vehicle that holds assets like stocks, bonds, and mutual funds. Whereas an annuity is an insurance asset designed to produce income. In this article, we [...]
10 Things You Need to Know About Annuities Annuities are commonly misunderstood. But they can be useful investment planning tools. In this article, we will go over 10 things you need to know about annuities to be in a better place to utilize them properly. 1. What is an Annuity? An annuity is a [...]
Frequently Asked Annuity Questions Annuities can be helpful but complex investment vehicles. We want to help clear up some of the mystery. To do this, in this article, we will answer several frequently asked annuity questions. What is an Annuity? An annuity is a financial contract between you and an insurance company. In exchange [...]
Immediate Annuities Immediate annuities are policies purchased with a lump sum contribution. This is then converted into a guaranteed income stream that can last for a set period of time or a lifetime. These income payments begin immediately after the deposit of the initial funds. In this article, we will go over the different [...]
Equity Indexed Annuities Equity-indexed annuities are a type of fixed annuity. They get their name because their interest is partially based on an equities index, such as the S&P 500. They provide an opportunity for higher returns than traditional indexed annuities provide. But they still provide the same risk protection. In this article, we [...]
Pros and Cons of Annuities An annuity is a type of investment product. It can prove to be a valuable retirement tool. In this article, we will examine the pros and cons of annuities so you can determine if one is right for you. Annuity Basics To best understand the pros and cons of [...]
