Sentences with phrase «on immediate annuities»

Add in the article on immediate annuities, which are a great aid in personal retirement planning.

While Wink currently reports on indexed annuity, fixed annuity, and multi-year guaranteed annuity product sales, the firm looks forward to reporting on immediate annuity and variable annuity product sales in the future.

In that case, you might consider a twist on an immediate annuity known as a longevity annuity (aka a «deferred income annuity»).

Ask them for the best two quotes on an immediate annuity.

Congressional staff members enrolled in the Federal Employee Health Benefits Program since the earliest opportunity, in the five years preceding retirement, or for the entire period of eligibility, can continue receiving health benefits through the plan if they retire on immediate annuity.

In addition to at least 1 full calendar year of FERS service, you must retire on an immediate annuity (that is, one that begins within 1 month of separation) under one of the following provisions to be eligible for the Special Retirement Supplement:

These conditions are as follows: You must retire on an immediate annuity (pension) under the federal retirement system; and, Been previously covered under the FEGLI program for the last five years of service directly..

Calculating the actual rate of return on an immediate annuity is more difficult than it sounds as the rate of return that an immediate annuity delivers depends entirely upon your life expectancy.

Not exact matches

Fixed income annuities available through Fidelity can be purchased for either immediate or future (deferred) retirement income, depending on your current life stage.

Once you contribute the money to fund an immediate annuity, you can not get that money back or pass it on to a beneficiary.

Depending on the type of immediate annuity you buy, payments can be distributed on a monthly, quarterly or annual basis.

The amount of income you receive from an immediate annuity depends on factors such as your age, gender and the length of your payment period.

You can rebalance your portfolio without immediate taxation concerns because taxes on your earnings are deferred until you start withdrawing from the annuity.

You can also buy an inflation - indexed immediate annuity so that your payments are indexed based on the inflation rate.

However, income annuities (sometimes referred to as «immediate annuities» or «deferred income annuities,» depending on when income payments begin) do offer a predictable guaranteed stream of income that you can't outlive.

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.

With fixed immediate annuities, the payment is based on a specified interest rate.

And while the monthly payments the group received in the scenarios above could vary from month to month based on investment earnings and whether or not someone died, an insurer's immediate annuity states in advance how much you'll receive each month (although some immediate annuities may increase their payments based on the inflation rate or other factors).

Income annuities (immediate or deferred) offer you income now or income later — based on where you are in your retirement planning journey.

For quotes for both immediate and longevity annuities based on your age, sex and how much you expect to invest, you can go to the annuity calculator in Real Deal Retirement's Toolbox.

Essentially, a longevity annuity is a twist on a somewhat more familiar type of annuity, the immediate annuity.

To see how much monthly income y0u might receive from both an immediate and a longevity annuity based on your age, sex, the amount you invest and other factors, check out this annuity calculator.

You can get quotes for immediate and longevity annuities based on your age, sex and the amount you're thinking of investing from this annuity calculator.

If you want the guaranteed income to begin soon — say, to pay for essential living expenses beyond what income from Social Security alone will cover — then an immediate annuity would be a better way to go (although you may still want to hold off a bit to get a better handle on what your actual expenses will be after you retire).

4) The second article went over the value of immediate annuities as risk reducers to retirees, something I commented on recently.

First, annuities may either be immediate annuities OR deferred annuities, which depends on the Annuity Start Date (ASD) and when the lump sum is converted to a regular stream of income.

But if you feel you want more guaranteed income than you'll collect from Social Security and any pensions — and you're willing to take these prudent steps to ensure you're getting a competitive payout and that you can truly rely on the annuity's promise of income for life — an immediate annuity is at least worth considering.

In fact, there are some elements of an immediate annuity — aka an income annuity — that you simply can't duplicate on your own or for that matter even with the help of an adviser.

Well, to achieve that goal you could buy an immediate annuity with your $ 1 million and, based on today's payout rates, you would get roughly $ 5,660 a month for the rest of your life.

Ask them for payout levels on inflation - adjusted immediate annuities, and watch your jaw drop as you see how relatively low the payments are.

The upshot, though, is that unless you're willing to take on more investing risk — which also means accepting the possibility of running through your money while you're still alive — it's very unlikely that you can match an immediate annuity's guarantee of lifetime payments, which includes that extra bit of income that mortality credits provide.

You can see how much you might receive each month from an immediate or longevity annuity based on your age, sex, how much you're willing to invest and when you want payments to begin by going the annuity payment calculator at Immediateannuities.com.

For participants who are close to retirement, a standard, simple income calculation based on a participant's current account balance using today's rates in the immediate annuity market would be an easy and acceptable way to provide the income estimate.

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 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.

Our platform provides free, no - obligation quotes on single premium immediate annuities, which are products designed to help people meet their immediate income needs

I put together a pretty simple spreadsheet (download) that will tell you your rate of return on a fixed immediate annuity.

Given the number of uncertainties involved in trying to estimate a sustainable level of retirement spending — how the markets will perform, how long you'll live, what your actual expenses will be (although on that score, doing a retirement budget can help)-- you might also consider turning a portion of your nest egg into income assured to last no matter how long you live and regardless of how the markets fare by investing in an immediate annuity or longevity annuity.

Well, insurance products are sold, not bought, typically, and when the agent sells an immediate annuity, that is his last sale on that money.

But unlike with an immediate fixed annuity, you still get to call the shots on how the immediate variable annuity is invested.

You can get payout estimates for both immediate and longevity annuities based on your age, gender and the amount you invest by going to this annuity payment calculator.

We'd suggest focusing on longevity insurance and plain - vanilla immediate fixed annuities.

Fixed income annuities available through Fidelity can be purchased for either immediate or future (deferred) retirement income, depending on your current life stage.

Depending on the type of annuity (e.g., immediate, fixed, fixed - indexed or variable) monthly payments are based on your age and interest rates at the time it is set up.

Trouble is, payouts on inexpensive, plain - vanilla immediate annuities are currently quite low — a function of today's very low - yield environment.

So if you believe you would feel better having even more income you can rely on regardless of how stocks and bonds are performing, then I don't why you shouldn't get the additional comfort you seek by putting some of your nest egg into an immediate annuity.

If, on the other hand, there's a gap between the income required to cover basic living costs and what Social Security will provide, then you may want to consider devoting enough of your savings to an immediate annuity to fill all or most of that gap.

Before I do that, though, I want to make it clear that while there are many different kinds of annuities out there, I believe that one type stands out when it comes to delivering retirement income you can count on throughout retirement no matter how long you live: immediate annuities.

With immediate income annuities you begin receiving payments immediately after purchase, whereas with deferred income annuities you can choose to begin receiving payments at a date much later on.

In short, an immediate, or payout, annuity gives you something that you can't duplicate on your own with other investments: an attractive level of current income combined with a very high level of assurance that those payments will continue as long as you live.