Jim Miller of Human Events was asked in “Immediate Annuities: A Safe Way to Boost Your Retirement Income” what kind of annuity would provide a retiree in their 70’s with a safe income stream for life. His answer was a fixed immediate annuity because it …
Everyone seems to have difficulty determining the amount of money to withdraw from savings for their retirement. It’s easy to make a mistake and take out too little or too much. Since annuities pay you guaranteed income for your entire life with an up-front payment, …
In the Raleigh Personal Finance Examiner, Robert Stack wrote that “Annuities are a useful tool.” He points out that clients are often wary of annuities because of common misconceptions, but that they are important for many reasons. Annuities are one of the most secure ways …
In “How Annuity Withdrawals are Taxed” by Kimberly Lankford of Kiplinger’s Personal Finance, Lankford explains the ins and outs of taxes on annuities. There are 3 things that need considering when determining the taxes for annuities: whether it is an immediate or deferred annuity, with …
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