Annuity Calculators

IMMEDIATE ANNUITY OVERVIEW VIDEO TRANSCRIPT

Hi, I’m Dick Ellis for Annuity FYI, with an overview of immediate annuities.
With an immediate annuity, you begin to receive payments immediately upon investing, or at some predetermined date in the future that you specify. Immediate annuities are typically best suited for investors whose retirement strategy requires immediate income.

Many investors like immediate annuities because they allow you to invest your money, but also provide an immediate and secure income stream. In fact, you can choose between payments for a certain period of time, payments for the rest of your life or your spouse’s life, or any combination of the two. Finally, you can choose to receive fixed payments, or variable payments based on market performance.

Keep in mind there are some things to be careful of. In most cases you’ll have no access to your principal once you commit to a payment stream. Also, when you or your spouse passes away, income cannot be passed on to your heirs.

Be sure you understand immediate annuities fully before you invest. There is a wealth of detailed information on AnnuityFYI. You can also email us, or call us to speak with a live person.

For AnnuityFYI, I wish you Safe Investing, and remind you that just as you insure your home, consider annuities to insure your retirement savings.