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Annuity Fyi








Uncover Annuity FYI


An annuity is a way to protect someone that may outlive their savings. In essence, it will assure that the investor will maintain a principle amount of savings that can be liquidated and dispersed over a set number of years. Annuity FYI includes the fact that there are a number of choices available when one is considering this option. In general, annuities are interest bearing savings accounts that are tax deferred until withdrawn.

They also guarantee income over a period of time, similar to life insurance. The difference being that life insurance protects your family in the event that the investor dies too soon, whereas an annuity protects the investor in the event that he or she out lives their retirement.

Annuities can be purchased from various institutions including banks, stockholders, insurance and mutual funds companies. More annuity FYI adds that they are further divided into immediate and deferred annuities. An immediate version usually requires a large initial investment and then begins payouts immediately. Deferred annuities are the more common version and are used as tax deferred options to save for retirement.

To further break these down, deferred annuities can be fixed or variable. A fixed annuity allows one to lock in an interest rate for one to five years, while a variable annuity has an adjusting interest rate. A fixed annuity reminds one of a CD with a slightly better return, while variable annuities allow investments in stock, bonds and money market funds. Because the risk is somewhat higher in variable annuities, the return can be greater.

Regardless of the type of annuity that one purchases, the initial investment is taxed as income but then the annuity is allowed to grow untaxed until it is withdrawn. More annuity FYI encompasses the flexibility of the payouts. There is the option of lump sum payouts, payouts of certain amounts over a set time, or used as steady income to cover the extent of ones life. Whatever payment calculator is used, the investor is guaranteed to receive at least the initial investment back.

Because of the cost associated with annuities, they are meant for long term investing. One must pay insurance, death benefit and management fees to maintain an annuity. In addition, other annuity FYI is that there are fees associated with early withdrawal that are in addition to what the government requires. It is estimated that one must be able to leave the money in an annuity for at least eighteen years to see the benefit and profit.

 


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Who Needs Life Annuities?

By Eric Leroy
You may have money in a pension that is having trouble in this economy. An alternative are life annuities which are more diversified. Read about how that may be better for you than your pension in this article.
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Current Annuities - Riders That Offer Specific Benefits

By Thomas Greg Eller
When investors research current annuities today, what they are likely to find is that there are a large number of optional features that are now available as additional features on the annuity product. These options, often referred to as riders, allow annuity holders to access some additional benefits that are not offered within the main annuity product.
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High Interest Annuities - An Attractive Option

By Tom Lustina
With today's bleak economic climate, it seems that no income is 100 percent secure. That is why high interest annuities are something all smart individuals in good financial standing should consider. Superior to most other loan-based investments, these annuities can be either fixed, variable, or equity-indexed.
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Utilizing Variable Annuities

By Sara Spencer
Investing in variable annuities can be risky business if you do not know what you are doing. After maxing out their annual contributions to their 401(k) or other tax deferred investment vehicles such as an IRA many people want to know where else they can invest their money. Variable annuities can be a great vehicle of this nature.
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Tips to Help You Settle on the Annuity Suitability

By Robert C Eldridge Jr
With the pension amounts shrinking each year, it is important you make well-informed decisions after retirement to stretch the pension-pot as far as possible. An Annuity is a simple, concept and converts the pension-pot into a regular income stream which funds you after the retirement for rest of life. As one gets near to his retirement, he will get quotes from different pension firms that tell him how much money they are willing to give him based on value of his pension.
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Annuities Reviews | Annuity Fyi | Tax Shelter Annuity | Deferred Annuity Calculator | Annuity Definition Variable | Amerus Annuity Group