Lump Sum – The Best Use of this Retirement Money
Those retiring from a company with a pension plan deal with the ‘Lump Sum’ dilemma when retiring from their company: ‘Should I take a lump sum of retirement money which I will need to invest for all or part of my retirement income – or just annuitize the lump sum (like a retirement annuity) for a lifetime monthly income and [...]
Categories: retirement money Tags: fixed annuity, investment allocation, retirement annuity
Fixed Annuities – Basics for Retirees
For retirees, the best feature of fixed annuities is the confidence that it will provide a person with a fixed income for life. Nevertheless all investments have their bad and their good points; and fixed annuities are no different. Let’s overview some of the fixed annuities summarized in the table. Pros regarding fixed annuities The three important features of a [...]
Categories: fixed annuities Tags: fixed annuity
Create an Annuity Ladder With Fixed Annuities
As an older retiree, you may no longer wish to worry about market fluctuation effects on the segment of your investments you rely on to give you income. In that case, you may want to convert those to a fixed annuity to give you a fixed payment for life. Laddering fixed annuities can help you maintain some control on these [...]
Categories: fixed annuities Tags: annuity ladder, fixed annuity
How Annuities Work
Annuities are term deposits with insurance companies. They are similar to certificates of deposits at the bank (note: bank deposits are FDIC insured while annuities are guaranteed by the issuing insurance company). There are two types of annuities: fixed annuities and variable annuities. Fixed annuities have these features: Your principal is guaranteed, it will never decline The insurance [...]
Categories: annuites defined Tags: annuitization, annuitize, annuity calculator, fixed annuity, immediate annuity, variable annuity
