Sentences with phrase «immediate annuity generates»

A single - premium immediate annuity generates income payments one period after the annuity is purchased.

Not exact matches

If, on the other hand, your Social Security and any pension payments fall well short of covering your essential expenses, then you might want to consider closing or narrowing that gap by devoting some, but not all, of your nest egg to an immediate annuity that can generate additional lifetime income.

Pensions, social security and single premium immediate annuities SPIA all generate reliable income streams that last for life.

Of course, despite research showing that immediate annuities are an excellent way of generating lifetime income, many people want nothing to do with them.

A SPIA, or single premium immediate annuity, is designed to generate instant income during retirement by taking a lump sum of money and converting it into systematic payments that continue for a specified period of time or for the life of the insured individual.

But if you've rejected an immediate annuity because you think you can generate the same level of guaranteed lifetime income investing on your own, I have two little words for you: mortality credits.

But retirement income experts have long known that in many cases putting some of your savings into an immediate annuity can boost the amount of sustainable income your nest can generate over the course of a long retirement.

A split annuity strategy can generate immediate income while potentially stretching some retirement savings.

That said, there's one type of annuity that I believe can sometimes play a role in generating steady and reliable income during retirement: an immediate annuity.

The idea behind the rule creating QLACs is to give people a way to generate retirement income and hedge against the risk of outliving their nest egg while putting up less money than they would have to with an immediate annuity.

For investment purposes, we offer tax - deferred fixed annuity investments, equity - indexed annuity plans, immediate (income generating) annuities, guaranteed income riders, structured settlements, and structured sale accounts.

Indexed annuities can also generate regular income, either through fixed payments as with an immediate annuity or payments tied to investment performance.

Our immediate annuities are designed to generate a stream of guaranteed income.

When a client purchases an immediate annuity, he or she will make a lump - sum deposit to generate an immediate stream of income.

Guaranteed Income Payments: Fixed annuities may be converted to an immediate annuity at any time to generate a guaranteed income payout for a specified period of time or for the life of the annuitant.

And AARP's immediate annuity, which converts a lump - sum payment into guaranteed monthly income for lifelong, generates a lesser payment stream than an investor 75 or younger might get elsewhere.