Annuities

The longer you live, the more annuity income you will receive. A typical life annuity payment is terminated when you die, in most situations. There is no money left over for your heirs or beneficiaries. The following options are available to annuity providers so that payments continue after your death: As long as one of […]

It is the IRS mandated minimum yearly withdrawal from tax-deferred retirement funds for individuals aged 70 1/2 or 72, based on the year they were born. RMDs RMDs apply to annuities held in IRAs and 401(k)s. Nonqualified annuities, on the other hand, require no withdrawals because they are funded with after-tax dollars. Do annuity payments

Yes, that’s the quick answer. At the state level, annuities are regulated and safeguarded from abuse. All insurance companies in a given state are required to join a nonprofit guarantee group. The other members of the guaranty association assist in the case that a member company fails. All 50 state organizations safeguard at least $250,000

Many investors don’t give much thought to how they can keep their money safe. In spite of this, asset protection against present and future creditors is a big concern for many people in high-risk occupations. Creditor protection is possible with annuities, but you must check your state’s laws to see if and how much your