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...
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Tags: Annuities, retirement advice, retirement plan
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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 »
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Tags: Annuities, annuitiy, annuity advice, retirement advice
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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...
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Tags: Annuities, long term care, retirement, retirement planning
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