But, wouldn’t it be wiser to invest this money in a mutual fund (of some sort) than an annuity? I understand annuities are expense but I get a “guaranteed” stream of income? I am currently 60 yrs old and I will have to retire in a couple of years due to poor health. Reply ...
However, somebody has to win so why not you? If you are lucky enough to win the jackpot, you'll have two payment options: Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the ...
This can include a “charitable annuity trust” or “charitable remainder trust,” a GRIT, a qualified personal residence trust and more. We’ll explain those more in depth, below. Trusts may also be able to optimize estate tax planning. Protect your privacy. Unlike a will that goes through...
Ownership in a business is an asset, which means it may need to pass through probate. However, using an irrevocable trust— such as a grantor retained annuity trust (or a GRAT) or an irrevocable life insurance trust (or an ILIT) — can ease the complexity surrounding these situations: A...