Sentences with phrase «into guaranteed monthly payments»

At first glance, I'd say you probably don't need to put any of your savings into an immediate annuity, a type of investment that converts a lump sum into guaranteed monthly payments for life.

Not exact matches

Guaranteed Retirement Income Options — You may elect to convert your contract value into a stream of income using one of several available options, including an income option that provides monthly payments for life.

Do you believe that people like these firefighters from Florida, who are near retirement and have secure pensions with guaranteed monthly payments, should move their money into riskier assets with no guarantees just before they retire?

Annuities certainly aren't for everyone, but generally I think people who feel they need more guaranteed income than Social Security alone can provide should consider putting some (but not all) of their savings into two types of annuities that are relatively easy to understand and evaluate: immediate annuities, which convert a lump sum of savings into monthly payments that begin immediately, and longevity annuities, which allow you to convert an investment now into payments that will start later, say, 10 or more years down the road.

She is asking you how much should she invest from her retirement savings into an immediate annuity so that she is guaranteed a $ 1000 monthly payment?

If you find that the monthly payment is very easy to follow (or if you expect a few guaranteed windfalls throughout the payment period, which translates into more funds coming your way), why not recalculate it to come up with the maximum monthly payment that you are confident that you will be able to meet?

This figure is then split into monthly premium payments that are guaranteed to remain level for the set term.

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.