How Much Annuity Income Would the Median 401k Balance Produce?
The Lifetime Income Disclosure Act introduced by the U.S. Senate last year would require...
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Immediate Annuity
An annuity with payouts that commence shortly (within months) after the annuity has been purchased. Immediate annuities are purchased with a single (lump sum) premium payment. Immediate annuity payments can be either fixed or variable. The payout period can be a certain amount of time such as 10 years, or can be guaranteed for the duration of the annuitant’s life (a life annuity). With an immediate annuity: 1) money goes in immediately as a single premium payment; 2) the money can be invested at a guaranteed rate or a variable rate, and; 3) payments from the annuity start right away.
Calculating the Extra Yield Provided by a Life Annuity
A common question is how annuities compare to other financial products that seem similar such as bonds, certificates of deposit (CD) and money market funds. After all, each of these products promises to provide some type of fixed return in exchange for your investment.
Looking at a simple life annuity can help answer this...
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Reverse Mortgage Data
There is a case to be made for home equity as the most important source of retirement funding in the United States, and this would seem to make the...
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New York Life Reports Record Sales of Fixed Immediate Annuities
New York Life Insurance Company reported record sales of fixed immediate annuity products for the third quarter of 2010. The nation's largest mutual life insurer reported $1.3 billion in fixed immediate annuity sales--an increase of 4 percent over the same period last year. According to EVP for Retirement Income Security Chris Blunt: “We’re on pace to achieve a seventh consecutive year of record sales of lifetime income annuities. Americans are more actively taking personal...
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Glenn Daily on Buying Annuities and Why it Might Make Sense to Wait
Glenn Daily is one of the top financial advisors in the country.
Specializing in life insurance and annuities, Glenn is widely...
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