Sentences with phrase «about immediate income annuities»

Learn more about immediate income annuities in our SPIA Guide and deferred income annuities in our DIA Guide.

Not exact matches

Fortunately, the type of annuity you're asking about — an immediate annuity — is (by annuity standards at least) the easiest to understand and, to my mind the type with the greatest potential for helping people who want more guaranteed lifetime income than Social Security alone will provide.

And, in fact, lots of research shows that while people like the concept of lifetime income, they're not nearly as keen about buying immediate annuities.

Bottom line: If you would like to have a reliable source of lifetime income beyond what you'll get from Social Security, it makes sense to at least think about putting some (but not all) of your savings in an immediate annuity.

A 65 - year - old man who invests $ 100,000 in an immediate annuity would receive about $ 565 a month in lifetime income; a 65 - year - old woman would get about $ 545; and, a 65 - year - old couple (man and woman) would receive about $ 480.

And in a session during which I talked about arriving at the right asset allocation for retirement, I noted that, while immediate annuities are not for everyone, adding one to a retirement income plan can not only provide additional income that will last as long as you live, but also contribute to a more secure and happier retirement.

But if you really want to turn a portion of your nest egg into something that approximates a pension — a specific amount of money you can count on month in and month out for the rest of your life — then I suggest you suspend your wariness about annuities long enough to at least consider a type of annuity that's easier to understand, less prone to the abuses that are too often associated with annuities and is very efficient at turning savings into assured lifetime income — namely, an immediate annuity.

The top deferred income annuity price fell about 2 % while there was no discernible change to the top immediate annuity rates.

Some writers about annuities refer to the kind that produces an income immediately after purchase as an «immediate annuity»; others call it a «payout annuity».

If you're really worried that you might run through your savings while you've still got a lot of living to do, you could also think about converting a portion of your nest egg to a guaranteed lifetime income stream via an immediate annuity or a longevity annuity.

When we're referring to when the annuity will convert into a stream of income, we're talking about whether the annuity is an immediate annuity or a deferred annuity.