Annuity Basics

Who Should Not Buy an Annuity?

You should not buy an annuity if Social Security or pension benefits cover all of your regular expenses, you’re in below average health, or you are seeking high risk in your investments. Take our quiz here to decide if an annuity makes sense for you. If you’re interested in reading more, here are several articles &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>

Retirement Income

Should I Put My 401(k) into an Annuity?

Putting a portion of your 401(k) savings into an annuity makes sense if you’re looking to diversify your retirement savings and add a guaranteed piece to your portfolio. Your 401(k) is a basket of savings tied to market performance that does not protect you from the risk of living longer than expected (and needing an &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>

Annuity Basics

Should I Invest in an Annuity?

You should consider investing in an annuity if you’re saving for retirement, consider yourself to be a moderate to conservative risk investor, and are interested in guaranteed income or growth.  If, on the other hand, you’re looking to access funds for a near-term purchase, only want to invest in higher risk/higher return potential assets, an &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>

Annuity Basics

Are Fixed Income Annuities a Good Investment?

Fixed income annuities are a good investment for those looking for guaranteed lifetime income in retirement. An income annuity is a lifetime income guarantee (typically paid monthly for the rest of your life) that you purchase from an insurance company as a way to reduce the risk that you run out of money in retirement. &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>

Retirement Income

What Happens to an Immediate Annuity When You Die?

If you have an immediate annuity and pass away, the contract will terminate unless you include a death benefit (a.k.a. a cash refund or death benefit) or a period certain. Including the death benefit ensures that a beneficiary receives the premium paid less any income payments the owner had received prior to death. Even if &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>

Annuity Basics

Are Fixed Annuities a Good Investment?

Fixed annuities are a good investment for those looking for a safe, tax-advantaged way to earn a guaranteed return on retirement savings needed in the near future (3 to 10 years). Fixed annuities operate very similarly to CDs. Both vehicles offer a safe way to save money, crediting higher interest rates than those available through &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>

Annuity Basics

Can I Take My Annuity as a Lump Sum?

Whether you can take your annuity as a lump sum depends on the kind of annuity you purchase, as well as when the annuity was purchased. The following annuities offer the ability to take a lump sum: Fixed annuities Variable annuities Indexed annuities However, if you purchased the annuity within the last few years, you &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>

Annuity Basics

Is an Annuity a Good Investment?

An annuity is a good investment for those looking for guaranteed income or guaranteed growth of their retirement savings that is safe from market volatility. An annuity is generally not a good investment for those who need near-term access to their money and is generally not a good investment for those looking for higher risk &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>

Annuity Basics

Are There Any Good Annuities?

Yes, there are good annuities out there, but it’s important to do your research to make sure you get one of them. Originally annuities only existed to provide a pure guarantee, whether guaranteed income or a guaranteed return. Over time, a few different types of annuities have been created with different value propositions, demoting the &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>

Annuity Basics

Should I Annuitize My Annuity?

In order to decide whether or not to annuitize your annuity, you need to be clear about your goals for the annuity and how you expect to use in the future. You also need to understand how your current annuity works, whether the income amount is guaranteed, and how much your benefit has earned in &hellip; <a href="https://www.blueprintincome.com/resources/all-articles/">Continued</a>