Two years after the COVID-19 pandemic disrupted the financial lives of millions of Americans, more than four in 10 now say their savings goals are nearly back on track, according to a recent survey.
NEW YORK (BUSINESS WIRE) The latest New York Life Wealth Watch survey revealed that while inflation is impacting short-term financial decisions, Americans.
/PRNewswire/ iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China.
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January 13, 2021 11:43 AM David Rodeck - Forbes Advisor
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January 15, 2021 10:24 AM
When you retire, one of the greatest challenges is making sure you don’t outlive your money. With a single premium immediate annuity (SPIA), you can turn some of your savings into a stream of guaranteed payments that can last for your entire life. This can make SPIAs valuable retirement tools, but they’re not perfect for everyone. Here’s how to decide if a SPIA is right for you and your retirement plan.
What Is a SPIA?
A SPIA is a type of immediate annuity funded with a single, large deposit. Income payments begin within a year of your signing the contract. These payments can last a set amount of time or be guaranteed for your entire life.