Annuity Basics

Annuities 101 — Annuity Basics for Beginners

An annuity can provide guaranteed lifetime income that reduces the likelihood that you’ll run out of money in retirement. Income from an annuity is predictable, steady, and cannot be outlived. This Annuities 101 article provides an overview of annuities and links to resources that will help you decide if an annuity is right for you.

Longevity

Fixed and Income Annuities Overview

An annuity is a way to turn your savings into guaranteed income you can’t outlive, no matter what happens in the market or how long you live.

Retirement Planning

Can I Retire?

Figure out if you've saved enough to support your retirement with Blueprint Income's 'Can I Retire' tool.

Annuity Basics

At What Point Does the Beneficiary to an Annuity Acquire Rights?

The beneficiary to an annuity acquires rights upon the death of the owner. In most cases, the beneficiary will receive a lump sum cash refund of the contract, although, with certain annuity contracts, the beneficiary can take over the policy as the owner for the remainder of the term. Annuities typically avoid the probate process &hellip; <a href="https://www.blueprintincome.com/resources/annuity-trends/annuity-rates-intelligence-report-march-2022/">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/annuity-trends/annuity-rates-intelligence-report-march-2022/">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/annuity-trends/annuity-rates-intelligence-report-march-2022/">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/annuity-trends/annuity-rates-intelligence-report-march-2022/">Continued</a>