Retirement Advice on the Tax Advantages of an Annuity
Thursday, April 5th, 2012
Many people have likely heard of annuities when they’ve done research about their retirement planning. But there’s a good chance that not everyone fully understands what annuities are and how they can play a significant role in an individual’s retirement planning.
In essence, an annuity is a financial contract between you and an insurance company. In exchange for a single payment or a pre-determined series of payments, the insurance company agrees to provide you with certain benefits once you reach retirement. There are some choices you must make regarding how you want your annuity to be paid out once you...
Read More »
Loading ...
Tags: Annuities, retirement advice, retirement planning, tax-deferred
Posted in Annuities | No Comments »
Why Buy An Annuity?
Tuesday, June 1st, 2010
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...
Read More »
Loading ...
Tags: Annuities, retirement advice, retirement plan
Posted in Annuities | No Comments »
Annuities Pros and Cons
Tuesday, September 29th, 2009
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...Read More »
Loading ...
Tags: Annuities, annuitiy, annuity advice, retirement advice
Posted in Annuities | 2 Comments »
Retirement and Long Term Care
Thursday, August 27th, 2009
Long-term care isn't a subject that we generally enjoy talking about. It's difficult to even think about the possibility that we and the ones we love might need someone to look after us in our golden years. But as life expectancy continues to rise, so do the chances that we will require long-term care one day.
Long-term care takes a number of different forms. It's not limited to stays in nursing homes (although that's a significant component). Sometimes the elderly can do most things for themselves, but need help with certain activities such as bathing, housekeeping or medical needs. These needs...
Read More »
Loading ...
Tags: Annuities, long term care, retirement, retirement planning
Posted in Planning | 1 Comment »
Loading ...
