Buying An Annuity



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An annuity is a contract between you and an insurance company. In exchange for an up front sum of money, you get a guaranteed income stream for life, starting either right away or at some point in the future. But before you rush to purchase an annuity, here are a few questions worth pondering..Typically you should consider an annuity only after you have maxed out other tax advantaged retirement investment vehicles, such as k plans and IRAs. If you have additional money to set aside for retirement, an annuity s tax free growth may make sense especially if you are in a high income tax bracket today..

Image Result For Buying An Annuity

Image Result For Buying An Annuity

An annuity is a contract between you and an insurance company. In exchange for an up front sum of money, you get a guaranteed income stream for life, starting either right away or at some point in the future. But before you rush to purchase an annuity, here are a few questions worth pondering..Typically you should consider an annuity only after you have maxed out other tax advantaged retirement investment vehicles, such as k plans and IRAs. If you have additional money to set aside for retirement, an annuity s tax free growth may make sense especially if you are in a high income tax bracket today..

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