Your personal attributes and the extra features you choose to customize your immediate annuity with will affect the income you can generate. We’ve broken down how each option will impact your rates.
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.
Comparing the exact financial value of an immediate annuity to a traditional investment product is like comparing apples to oranges. But it’s important to make some assumptions and run the numbers. So here it goes!
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.
Find the answers to your questions when buying an annuity.
There are many features you can add to your immediate annuity so it properly fits your needs. We’ve broken down the options you can select to customize your immediate annuity.
The kind of savings used to purchase your immediate annuity will determine the taxes owed on the income payments you receive. We’ve broken down how you may be taxed.
Comparing the exact financial value of an immediate annuity to a traditional investment product is like comparing apples to oranges. But it’s important to make some assumptions and run the numbers. So here it goes!
Your personal attributes and the extra features you choose to customize your immediate annuity with will affect the income you can generate. We’ve broken down how each option will impact your rates.
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 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.
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.