If you’ve been thinking about your retirement goals, chances are that you’ve encountered the term “index annuity.” You may have heard that there are various crediting methods that revolve around them. However, these lead to more questions than answers, and confusion can set in quickly if you don’t know where to look. In this blog …
Every working adult intends to have a retirement plan that will serve their needs once they retire and cannot work anymore. As the years go by, the reality of not going to work becomes real, and one seriously seeks an annuity that would serve them in retirement. A smooth retirement with a steady flow of …
Retirement planning is an extensive yet necessary step to take before leaving your working years. Many people are discouraged from planning their retirement because of the vast options they can choose from. With a lot to learn about retirement planning, it’s crucial to start at the most basic, which is annuities. Under annuities, you can …
What Is an Ordinary Annuity? Everything You Need To Know Read More »
Annuities are an investment that many consider, especially during retirement. One of the reasons people choose it is because it is a low-risk vehicle. However, the common question asked is if it receives favorable tax treatment compared to others. Do you get fewer taxes or keep profits up to a particular limit without taxes? A …
It’s no secret that in today’s marketplace, annuities are evolving. Most notably, there has been a massive shift from the traditional, qualified type of annuity to a more appealing, non-qualified variety. While this evolution is certainly integral to the current state of annuities, many investors are still wary to jump on board this trend. If …
Non-Qualified Annuities (Everything You Need to Know) Read More »
Annuity vs 401k, always part of the topic of conversation with retirement. These are two separate ways to ensure you get income after you stop working. However, both operate differently, providing distinct advantages. Knowing how they work is vital for your future. Here’s are the differences between an annuity and a 401k. The 401K The …
A single premium immediate annuity, or SPIA, is a type of annuity that offers the annuitant a guaranteed stream of income. It is a contractual arrangement between the annuitant and an insurance company that can immediately take effect following a lump-sum payment. Annuitants can receive regular payments as soon as 30 days following the purchase …
What Is a Single Premium Immediate Annuity (SPIA)? Read More »
It’s never too early to start planning your future, especially when nearing retirement. One of the most significant decisions you will have to make is what to do with your hard-earned savings, but your money over the years may not be enough to last throughout your retirement. That’s why it’s always an excellent option to …
Are you looking for information on annuities and would like to learn more about how you can use them to your advantage? Annuities are effective tools for generating a steady stream of income even when you’re retired. It accumulates earnings through a tax-deferred method until the time you make a withdrawal. However, most people won’t …
During retirement, annuities can be a great source of income, providing a way to schedule payments through a structured settlement. However, there is a difference between qualified and non-qualified annuities — if you have questions regarding the distinction between these two types, you’ve come to the right place. What Are Annuities? Purchasing an annuity is …
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