There are two things you need to know if you’re an annuity owner or considering a purchase if you want to understand whether you can lose money. First, what kind of annuity do you own or are you considering purchasing? Second, what is the financial strength rating of the insurer?
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An immediate annuity can have beneficiaries as long as you elect to include a refund at death (a.k.a. a cash refund or death benefit) or a certain period (number of years where payments are guaranteed even if the annuitant has passed away). For immediate annuities purchased with a refund at death, the beneficiary will receive … <a href="https://www.blueprintincome.com/resources/annuity-basics/can-you-lose-money-in-an-annuity-know-these-two-things-to-figure-it-out/">Continued</a>
The best annuity depends on your goals. If you’re looking for a pension-like monthly income stream for life, an income annuity is likely the best fit. If you’re looking for a CD-like guaranteed return for a set number of years, a fixed annuity is likely the best fit. If you’re looking for something that changes … <a href="https://www.blueprintincome.com/resources/annuity-basics/can-you-lose-money-in-an-annuity-know-these-two-things-to-figure-it-out/">Continued</a>
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. … <a href="https://www.blueprintincome.com/resources/annuity-basics/can-you-lose-money-in-an-annuity-know-these-two-things-to-figure-it-out/">Continued</a>
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 … <a href="https://www.blueprintincome.com/resources/annuity-basics/can-you-lose-money-in-an-annuity-know-these-two-things-to-figure-it-out/">Continued</a>
401(k)s have become the predominant way to prepare for retirement, which leaves retirement savings exposed to market volatility. As a result, we are more sensitive to changes and drops in the markets. Knowing how stock market drops affect your retirement means it's important to protect your investments from movements in the market.
When private pension provider Blueprint Income was founded in 2014, it was originally called Abaris. But today, the companies are being united under one name.