Annuities seem to get more popular with every passing year. Part of the reason for this lies in their tax deferred growth benefit. This is to say that money put into an annuity does not have its earnings taxed. Eventually though, the owner of the...
Immediate Annuities
With significant advances in health care, people often survive many years beyond retirement with concerns of outliving retirement savings. Asking for an immediate annuity quote is one answer to this problem. Immediate annuities provide a way to ensure an income, in the form of a check, for life—however long it may be. Investing the money saved for retirement in the form of an immediate annuity can provide a self-made pension.