Immediate Annuities

Should You Buy an Immediate Annuity?

An immediate annuity can provide you with peace of mind during retirement. While not right for everyone, find out if an immediate annuity fits your retirement needs.

Immediate Annuities

The Pros and Cons of an Immediate Annuity

Immediate annuities have many financial benefits that help make retirement planning simpler, but also some drawbacks. Find out what an immediate annuity has to offer before you purchase.

Immediate Annuities

What’s an Immediate Annuity?

The immediate annuity (sometimes also referred to as a Single Premium Immediate Annuity or SPIA) is a pension-like product you can buy for yourself from an insurance company using your retirement savings. An immediate annuity generates a guaranteed income stream that lasts as long as you do with income starting no more than a year from your purchase. It’s a way to diversify your portfolio, and make sure that all, or most, of your basic retirement expenses will be covered for as long as you live.

Other Annuities

How a Fixed Indexed Annuity Really Works

Fixed indexed annuities are complicated products that don’t do everything they promise. Here’s what a fixed indexed annuity looks like in real life.

Other Annuities

What’s a Fixed Indexed Annuity?

A fixed indexed annuity sounds like the best of both worlds — an income which doesn’t stop and the ability for that money to grow, as it would in the market. But, the insurance companies and brokers sell them for very high fees with lots of caveats.

Social Security

Changes to Social Security

While Social Security has evolved since its inception, projections of its available funding has created concerns of its future viability. There could be changes to Social Security going forward. Here’s what you need to know.