The simple premise of a fixed annuity is that you pay an insurance company a monthly premium. In exchange, the insurance company assures you of a fixed monthly income over a certain number of years.
Within the ambit of fixed annuities are several choices. You can choose, for example, a ... Views: 1032
We work all our lives to reach retirement age. All throughout, the plan is to have a peaceful time in one’s prime. But in order to live that picture postcard life there are certain important decisions that have to be thought of. How you receive your pension is an important one. Would you like to ... Views: 707
With the recent fluctuations of the economy as well as the looming credit crisis, it was but natural that annuity rates take a beating. One of the first moves by the government and the Federal Reserve were to bring down interest rates in order to level the credit crisis that had the nation in ... Views: 689
Following tax laws to the T is something that very few people can boast of. Among the several options that are available, the deferred tax growth of an annuity account is what interests people the most. For the duration that the money lies in an IRA like account, the entire figure is not ... Views: 643
Though the concept of annuities is a common one, you have to understand that there are certain risks associated with it. To begin with you have to deal with a range of taxes when you decide to withdraw the money. There is no such thing as capital gains for annuities. Irrespective of the kind of ... Views: 615