In other words,
this specific type of annuity structure would save the players from themselves and prevent family, friends, and «hanger - oners» from getting to the money.
Rather than address risks associated with
each specific type of annuity, I'll be providing a more generalized summary of risks.
Not exact matches
They are sector -
specific funds, active managers, passive managers, so any
type of pooled investment, broad - based category is pretty much available within the
annuities, even some sector -
specific investments.
Fixed
Annuities This is the more traditional
type of annuity — the insurance guarantees a
specific interest rate that you will -LSB-...]
This is the more traditional
type of annuity — the insurance guarantees a
specific interest rate that you will earn on the
annuity.
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.
As you hopefully know, there are numerous
types of annuities that are designed to address a
specific risk or groups
of risks that many retirees face.
We'll look at how that translates into
specific decisions to make, such as when you (and your spouse if married) take Social Security, what survivor option you choose on your pension, the benefit
of using
annuities, the
types of accounts you fund while working, the tax impact you may incur as a single tax filer, etc..
This popular knee - jerk comment is a good marketing strategy if you are trying to convert
annuity assets to a fee - based platform and is an easy response for advisers not interested recommending
specific annuity types in lieu
of their master
of the universe market growth strategies.
If this
type of strategy describes your current holdings, then you should consider adding a «transfer
of risk» strategy using
specific fixed
annuities.
Indexed
annuities, a
specific type of fixed
annuity, also provide guarantees, as well as the opportunity to earn interest based on changes in a market index or indices.