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Annuities


What is an Annuity Investment
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The primary goal of the annuity plans was to help individuals save money to help them through their retirement. However, with the emergence of the modern investor, annuities are being used as vehicles to save money and abstain from paying tax on earnings. Considering the implications of the term 'annuity', it would be wise to understand what an annuity investment is, before actually investing in one.

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Are you looking forward for an enjoyable and hassle-free retirement days? The very best thing to do is to invest as early as possible so that you will reap the fruits of your labor sooner or later. If you will be saving at an early age, you will also enjoy your investment earlier. There are various companies that are offering different choices of annuities. In order to have a clear understanding about how to apply for annuity, it is safe to ask for an advice from experts.

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When buying annuities, several things must be considered including what type of annuity would be best for you. There are two main types of annuities: variable annuities and fixed annuities. A fixed annuity would give you a stable income when retirement rolls around in exchange for an upfront payment of principal. Fixed annuities are kind of like CDs (Certificates of Deposit) in this manner. Variable annuities, on the other hand, are more like mutual funds in that the principal you put up will be invested in sub accounts whose rate of interest will depend on the market like a normal stock investment would.

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When annuities first became available, a single premium immediate annuity was more popular than other kinds of annuities. Immediate annuity rates were the primary concern rather than rates for the now more preferred, yet more complicated, deferred annuity. An immediate annuity is simpler, needing only one lump sum payment to qualify for periodic income payments upon maturity. Annuity rates remain constant whether the market rises or falls so the payout will be regular and won’t run out. Payout will be received until death of the annuitant of may even continue if the spouse still lives.

Charitable Gift Annuity
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A charitable gift annuity is a transaction wherein an individual ‘donates’ cash, marketable securities, and other sorts of assets to a charitable organization in exchange for fixed annuity payments to one or two annuitants. These annuitants may be anyone but is often the ‘donor’ themselves. The transferred cash will be readily accessible to the charity organization while the annuitant will have to wait for the payments. The payments will last a lifetime in most cases.

Annuities Explained
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Have you ever had annuities explained to you? Learning about annuities can be very confusing and hard to understand.  Let’s make it super simply to understand by starting off with just the basics.

Annuity Loans
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Loans on annuities are well-accepted and preferred over distributions for the annuity funds to become accessible. One of the significant advantages of getting loans instead of making withdrawals is that it can save you money on the supposed taxes on withdrawals. Distributions are promptly subject to penalty tax and income tax, when necessary.


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