Annuity Definition - Immediate Annuity
The word ?annuity? conjures up different meanings for investors. That?s because there are various types of annuities used for various purposes. One type of annuity is immediate annuities, the annuity definition of which is an annuity that provides an immediate flow of cash payments for life or a set number of years. Let?s look at the annuity definition for immediate [...]
Categories: immediate annuities Tags: immediate annuities, immediate annuity
Immediate Annuities Tax Breaks
Maximizing your current savings to ensure you have an income that will lasts a lifetime is possible with immediate annuities. If leaving behind a financial legacy for your family is not a huge concern, then a retirement annuity is just what you'll need. This ensures an additional income for life. The lifetime annuity payments of course are based on your [...]
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Perfect post-retirement solution: Fixed Term Immediate Annuities
A steady post-retirement income is essential for a stress-free, independent lifestyle. However, relying purely on Social Security in the absence of any pension income may not be enough to secure your golden years. An income annuity, while assuring the additional income, suffers from loss of control over your assets and the right to leave them behind for your loved ones. [...]
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Immediate Annuities – A Structured Inheritance Tool
Overlooked by most, this post describes the function of immediate annuities as an estate planning tool. None of us like to dwell on the transfer of our assets after we pass away. However, all of us need to make this vital plan and ensure that the transfer of our assets after our deaths is smooth. The tools needed for this [...]
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Immediate Annuities Provide Financial Flexibility
Most seniors want stability and safety in their financial investments. Fixed immediate annuities offer these vital characteristics apart from other benefits, making them popular with seniors. Immediate annuities ensure that you get a check each month. Moreover, a part of the income you receive is treated as a tax-free return of principal you have invested. These monthly payments will continue [...]
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Rate of Return from Immediate Annuities
To evaluate your investment in immediate annuities you need to understand their rate of return. Single premium immediate annuities provide you with a fixed monthly payment for the term you have selected. This duration can be a fixed number of years or for the rest of your life. The annuity company fixes the amount to be paid by factoring in [...]
Immediate Annuities Options
There is a variety of fixed immediate annuities and you can make your choice. However, each type of fixed immediate annuity has its own merits. Fixed immediate annuities offer a consistent income and mostly sought after by retired persons and seek to secure a long term income. One deposits a single sum with the annuity company. In return, the annuity [...]
Categories: immediate annuities Tags: health adjusted annuities
Poor Health Gets You Higher Income From Immediate Annuities
If you health is impaired, did you know that you can earn more with immediate annuities? Indeed, as odd as this may sound, there exists a type of immediate annuity that does exactly that. For decades now, Single Premium Immediate Annuities have served people with a lifetime income; and they continue to increase in popularity as people age. The monthly [...]
Immediate Annuities for Medicaid Arranging
Medicaid, a federal program to provide health care to the destitute, will cover your lasting care for free but only once you have a minimum of assets, essentially no assets. But immediate annuities can be a planning tool to allow you to keep assets and also qualify for Medicaid. The process of protecting these excess assets for beneficiaries or perhaps [...]
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Immediate Annuities to Build an Increasing Stream of Income
Immediate annuities offer a steady flow of income that can last your lifetime as well as your spouse's lifetime. However, with interest rates low and the rising cost of living, retirees are sometimes afraid to place money into assets that produce a fixed income which might not keep up with their increasing needs. One option would be to purchase several [...]
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