Are you looking forward to a comfortable retirement with a stable monthly income and period free of financial worries? Then, one of the options that you could think about is investing in annuities for retirement purposes, regardless of whether you are entitled to gratuities or other terminal benefits. Compare rates from different annuity plan providers and make the best choice.
Annuity Types and Options
Basically, annuities are a form of investment which gives you access to guaranteed payout based on the principal amount invested over a period of time or as a lump sum. The great benefit associated with this type of investment is the fact that you can receive payouts for the rest of your life on a periodic basis. Most people refer to annuities as an investment vehicle that ensures that you never miss earning a regular stream of income till death.
There are several types of annuities available from the insurance providers. The most common types include:
• Fixed Annuities
• Variable Annuities
• Deferred Lifetime Annuity
• Immediate Annuity
There are a few other and newer flavors can be added, depending on the term used by the annuity retirement plan provider to couch the plan. Generally, annuities have been described as one of the best types of investment that can double as a retirement plan.
Benefits of Annuities in Retirement
There are several benefits attached to annuities, especially for retirees who do not have any steady source of income anymore. With the payouts that accrue from the plan, retirees and other seniors can relatively maintain the lifestyle they used to live while still in active employment.
Tax rebates on the funds invested have been known as the biggest benefits associated with annuities, because the funds invested in annuities are tax-free. It applies for any type of retirement income of pension payout that is invested in an annuity retirement plan. You must know that such tax rebates can go a long way for a retiree.
Also, there are no limits to investment amounts in annuities for retirement plans. Even if you win a jackpot, you can plough all the money into an annuity plan and save it from several hundreds or thousands of dollars in taxes.
To get started, enter your zip code on the top of this page, and then answer some basic questions. This will help you to compare annuity plans from multiple providers for FREE to determine your highest eligible rate. It is important to provide accurate questions to these answers as our pool of providers will provide you with different rates depending on your individual circumstance and situation.