Annuities

A Roth annuity might provide you with tax-free lifelong income or lower your risk while saving for retirement. Because you won’t pay taxes on the money you remove during retirement, a Roth IRA is a particularly potent retirement savings vehicle. An annuity is a type of investment that provides a steady stream of income. Is […]

A split-funded annuity is a type of annuity in which a portion of the principle is used to support immediate monthly payments and the remainder is saved to fund a deferred annuity. What is one of the major disadvantages of split dollar plans? Let’s imagine you want to provide low-cost life insurance to a few

In court cases, plaintiffs are given structured settlements. Individuals are able to acquire annuities. If you bought or inherited the annuity, you don’t need court permission to sell it. Annuity payments are generally easier to sell than structured settlement payments. You may be able to take a modest portion of your retirement income without incurring

A temporary annuity is a supplement to your retirement income. It gradually raises your monthly payment until you reach 65 years old or die, whichever comes first. This can help you figure out how much your pension will be before and after you turn 65. What type of annuity is considered a temporary annuity? A

A variable annuity is a tax-deferred retirement vehicle that lets you choose from a variety of investments and then pays you a fixed amount of money in retirement based on the performance of those investments. A fixed annuity, on the other hand, offers a guaranteed payout. What’s wrong with variable annuities? Before you go out

A variable annuity is a hybrid product that combines investment and insurance. You invest in mutual-fund-like accounts, and earnings are tax-deferred until you remove the funds. Withdrawals, like distributions from regular IRAs, are taxed as ordinary income rather than at lower capital-gains tax rates. Is a variable annuity the same as an IRA? The most

An annuitant is a person who has the right to receive regular payments from a pension or annuity investment. The contract holder or another individual, such as a surviving spouse, can be the annuitant. Annuities are commonly thought of as income enhancements for retirees. They could be linked to a pension scheme for employees or

A joint and survivor annuity is a type of insurance for married couples that pays out on a regular basis as long as one partner lives. The benefit of a joint and survivor annuity is that it pays out if one or both persons live longer than planned. For a young couple, this is not

An annuity is a contract between a person and an insurance firm that can be used to help you save, safeguard your savings, or provide a regular income stream. Fixed* or variable annuities are available. Because the insurance company accepts the investment risk, your balance is safer with fixed income annuities* than with variable annuities.

When you retire from your pension, provident, preservation, or retirement annuity fund, you must utilize at least two-thirds of your investment to buy an annuity income, which is essentially a pension income that is paid on a regular basis during your retirement years. Many retirees find the available alternatives and accompanying decision-making to be daunting