Annuities continue to be quite popular as part of an overall retirement plan. This insurance-based product provides many benefits that retirees find very desirable - most importantly a potential lifetime income stream. Here is some advice about how an annuity can potentially fit into your overall retirement plan. Two important benefits of annuities are deferral of taxes and the ability to put large sums of money into an annuity. You can buy an annuity with much more money than is allowed annually in a 401k plan or on IRA. Annuities also offer a number of different payout options that...

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The annuity is a very unique type of investment. Instead of a bank or stock broker, investors obtain annuities through an insurance company. And while annuities have certain things in common with life insurance, they are not the same thing. They offer low risk while providing an opportunity to receive guaranteed income for a given number of years, or even for the rest of your life. Annuities come in many different flavors. There are immediate annuities, which begin immediately after the annuity is purchased, and deferred annuities, which may begin years or decades later. Fixed period annuities pay out for a...

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Annuities are life insurance contracts sold by brokers, insurance companies, and other institutions. They are normally bought as a way to invest toward one's retirement. Because it is paid for before a person retires, they can look forward to receiving lifetime payments. If you’re considering getting them, here are the pros and cons of annuities. Those concerned with their financial future following retirement know they can’t expect the same type of employer-sponsored pensions that their parents enjoyed. Their only option has been to find other means of saving and one of those options is annuities. The Pros: Prepaying for annuities before retirement...

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