The Ultimate Guide To AnnuitiesYour One-Stop Resource for Retirement
What are its advantages?
Since immediate annuities start paying out instantly, represent a great alternative for retirees to prevent outliving their retirement money.
The biggest advantage of immediate annuities is that if they’re fixed annuities would be easier to incorporate into our retirement planning process. Knowing the amount of your incomes that you’ll be able to count on each month is a great way to disperse concerns about having enough money to pay your daily expenses in the next years. Also, usually the payments from immediate annuities are higher than other safe investments you could make on your own. Immediate annuities are less susceptible to inflation because you’ll start receiving your money right away.
Because of these qualities, immediate annuities could be a great addition into the portfolio of a retiree.