Charitable annuities a good ideaThomas Watterson, Globe Staff
Are Retirement Annuities a Good Idea in Canada? When Should I Invest In Annuities? How much does a $100,000 Canadian annuity pay out every month? Are there downsides to annuities in Canada? Is a Canadian Annuity Right for You? Canadians appear to love the idea of a teacher-pension-esque...
While investing in yourThrift Savings Plan, 401(k), or IRA is always a good idea, retirement accounts do not have the same built-in safety net that comes with a fixed annuity’s life income payout options: guaranteed streams of income that you cannot outlive. ...
That being the case, you can buy a good portfolio of stocks and bonds through ETFs and funds and keep all the return. Over a very long time frame, the risk could even out and you could potentially be far ahead. Better Alternatives? According to William Reichenstein, professor of...
In some cases, it is illegal to sell your annuity payments. Annuities are a contract and so one of the clauses of your agreement may be that you cannot sell your fees to another person. It is always a good idea to speak with an attorney or financial advisor if you have any questions...
And even if you’re using the annuity to fund an ongoing expense, it can still be a good idea to take payments from the annuity rather than converting it all at once. That’s because thresholds for higher tax rates are not triggered until you make much larger amounts of distributions (...
If you’re looking to fund the rest of your life, and your portfolio can’t withstand a market crash, an annuity is a good option for making sure that you don’t have to go back to work in your 70s or 80s. Annuities are not for the extremely rich or extremely poor. If your retir...
Leaving some of your portfolio in stocks may be a good idea, but consider a more conservative asset allocation mix. If you decide to take out your all of your money, taking it out from the most risky to the most conservative is a prudent approach. Also, if you roll your money into ...
Are Annuities a Good Idea for Retirement? It depends on your short-term and long-term goals, as well as your comfort with fees and your appetite for risk. It's wise to weigh the pros and cons. An annuity offers a guaranteed income stream for a set number of years, often for the res...
Annuities usually have asurrender period. Annuitants can't take withdrawals during this time without paying a surrender charge or fee. The surrender period may span several years.3 Investors should consider their financial requirements during this time. It might be a good...