Channel3000.com
December 16, 2020 11:36 AM David Rodeck - Forbes Advisor
Posted:
Updated:
December 18, 2020 8:38 AM
An immediate annuity is an investment that turns your current retirement savings into future income payments. When you buy an immediate annuity, you receive guaranteed income payments for a set number of years or possibly for the rest of your life. Annuities are not for everyone, though. Here’s what you need to know to decide if immediate annuities make sense for your retirement strategy.
How Does an Immediate Annuity Work?
An immediate annuity is designed to provide you with income payments for a set period of time in exchange for an initial lump-sum investment. They’re called “immediate” annuities because you begin receiving annuity income payments almost immediately after you deposit your money .
KXLY
December 16, 2020 9:36 AM David Rodeck - Forbes Advisor
Posted:
Updated:
December 18, 2020 6:46 AM
An immediate annuity is an investment that turns your current retirement savings into future income payments. When you buy an immediate annuity, you receive guaranteed income payments for a set number of years or possibly for the rest of your life. Annuities are not for everyone, though. Here’s what you need to know to decide if immediate annuities make sense for your retirement strategy.
How Does an Immediate Annuity Work?
An immediate annuity is designed to provide you with income payments for a set period of time in exchange for an initial lump-sum investment. They’re called “immediate” annuities because you begin receiving annuity income payments almost immediately after you deposit your money .