Press Release Summary = One of the biggest advantages of an immediate annuity is that it can easily be purchased with funds from a variety of possible sources
Press Release Body = With the advancements in our scientific and medical know-how, people are living longer than ever, with a lower mortality rate and higher life expectancy. The idea of living a longer, healthier life appeals to all of us. But how many of us properly plan for our future income needs? The crippling costs of healthcare and the constant rise in inflation continue to compound this financial predicament. Confronted with the realities of this situation, perhaps it is time to consider an immediate annuity.
An immediate annuity is a type of fixed annuity, which provides you an income stream for a predefined period of time. There are many annuities designed to build value for retirement, but immediate annuities are designed to provide income immediately after purchasing the annuity. A fixed immediate annuity is a contract between you and an insurance company. You purchase the annuity with a single premium payment in one installment. The funds used to purchase an immediate annuity can come from savings or investment accounts, your individual retirement account (IRA) or even from another annuity you may already own. The income from the annuity starts 1-12 months after purchase depending on you requirements.
With the current trend, buying an immediate annuity is the latest 'en vogue' planning technique. An Immediate annuity is one of the best and most trusted vehicles for distributing savings with tax benefits. A tax exclusion ratio is applied to the annuity that helps to limit the percentage of your income payments that are subject to taxation. The insurance company assumes the risk of the payouts which can last your entire lifetime. You are also provided various payout options with immediate annuities that allow you to structure a payment schedule that best suits your circumstances. Payments can be made for your individual lifetime, both you and your spouse's lifetimes or for a certain period of time.
One of the biggest advantages of an immediate annuity is that it can easily be purchased with funds from a variety of possible sources. Those sources can include a maturing certificate of deposit (CD), monies which have accumulated in a deferred annuity account, or funds from a tax-qualified defined benefit, 401k or IRA account. As per the current tax law, a portion of each payment received from a non-qualified immediate annuity is tax free until your complete premium is fully recovered.
If you wish to explore your immediate annuity options, simply log onto www.fixedannuitydirect.com . This is an online resource that makes sure you get the most accurate information about annuities, current market information, and immediate annuities at the best prices. FixedAnnuityDirect.com is a leading online provider of fixed-rate, equity-indexed, and immediate income annuities. This is an excellent site to get information on all types of annuities. The experts at www.fixedannuitydirect.com will also provide you with free, no obligation advice and information on a variety of annuity offers.
Web Site = http://www.fixedannuitydirect.com
Contact Details = address:930 Town Centre Drive, Medford, OR, 97504 phone no:(877) 519-8599 E-mail: fixedannuitydirect@gmail.com
2022
