How to choose annuity that best suits the client. (Retirement Planning Report)Koco, Linda
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Afinancial advisorcan assess your financial situation, understand your reasons for selling and explore alternative options that might better suit your needs. They can also explain the tax implications and help you navigate the process. 2. Find an annuity company to work with ...
Variable annuities are a type of investment income stream that rises or falls in value periodically based on the market performance of the investments that fund the income. An investor who chooses to create an annuity may choose either a variable annuity or a fixed annuity. ...
Methods for taking annuity payouts include the annuitization method, the systematic withdrawal schedule, and the lump-sum payment. Payout options are often paid through ACH transfers. Gender and age are the two most common factors used to determine payments, which are based on life expectancy. ...
By identifying your needs and understanding what the different types of life insurance policies offer, you can weigh your options to find the best fit for your situation. Then, you’ll be ready to shop around to find the best deal. What Is a Life Insurance Annuity? If you di...
The annuity may or may not be able to recover some of the principal invested in the account depending on the type of annuity you choose. There's no refund of the principal in the case of a straight, lifetime payout. Payments simply continue until the beneficiary dies. ...