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Annuity Investments

Investments for your Retirement

Fixed Annuities:

A fixed annuity can help reduce your tax liability, by allowing your assets to grow through the deferrment of those taxes. You can get a fixed annuity through an insurance company. A fixed annuity is great for those people that havaen't quite reached retirement. A fixed annuity can help supply a steady source of guarranteed income that is issued for one or more people. The amount of the dispursment is also specified, along with the term which can be a for a certain time or for life.

There are two kinds of available annuities:

• Fixed Deferred Annuity: may be purchased in one payment (single premium), or in a group of scheduled payments. Each one of the individual payments can earn a interest rate that is guaranteed for a certain amount of time (can be 1,3,5 or 6 years)
• Immediate Fixed Annuity: is usually bought around or close to a persons retirement. The immediate fixed annuity is bought in one large payment. This payment is then submitted into a group of sceduled payments made to you either annually, semi-annually, quarterly, or monthly. These annuity payments are calculated through a fixed interest rate.

Variable Annuities:

A variable annuity is when you and an insurance company enter into a binding contract, in which the insurance company will be under contract to make scheduled payments to you. The payments will be made by the insurance company to you at a specified date in the future or immediately.

The benefits to purchasing a variable annuity include:

• Guaranteed Payments
• Guaranteed Death Benefits
• Tax Deferral

To make things even more attractive, a variable annuity that is deferred can give you the option to collect payments that are guaranteed for life! With this option you can collect annuity payments long after retirement.