Talk of The Villages Florida - IMMEDIATE ANNUITIES

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IMMEDIATE ANNUITIES - Pros and cons

Please comment on your experiences with Immediate Annuities

Quote:

Originally Posted by Todd @IntegrityIA (Post 1009996)

Social Security should be your first annuity. There are strategies to increase your payout by waiting until 70 to claim (you may be able to file and defer). Social Security also has inflation protection. Here is a good benefits calculator from T. Rowe Price.

Social Security Benefits Evaluator - T. Rowe Price

A Great Annuity Plan Called Social Security - WSJ

If you have a pension, this is your 2nd annuity.

Here are some other resources: Keep in mind that all annuities are insurance products and they can be expensive. Watch the yearly fees and riders.

http://www.forbes.com/sites/rickferr...-for-everyone/

http://www.wsj.com/articles/using-im...ome-1404482404

Look at Figure 4, Figure 5 (after inflation) and Figure 6 (75th percentile for length of life)
https://personal.vanguard.com/pdf/s284.pdf

Good luck,
Todd Moerman
352-205-4377
CLICK HERE FOR WEBSITE

Do you have any comments for a possible number 3, about other investable funds?

Quote:

Originally Posted by Todd @IntegrityIA (Post 1009996)

Keep in mind that all annuities are insurance products and they can be expensive. Watch the yearly fees and riders.
Good luck,
Todd Moerman
352-205-4377
CLICK HERE FOR WEBSITE

Kind of misleading. Since the topic is Immediate Annuites and they do not have yearly fees or riders.

My wife and I bought two immediate annuities 25 years ago. They will pay us until the end. Ours have no inflation protection, just survivorship. Interest rates were 7.5% back then which made them more affordable for their monthly payout. Luckily we have not had hyperinflation since then, but be aware that your dollars will erode over time.

Probably the best time to buy them is at retirement. They can become your pension.

Quote:

Originally Posted by KayakerNC (Post 1010002)

Kind of misleading. Since the topic is Immediate Annuites and they do not have yearly fees or riders.

Are you positive? Any annuity I have ever seen has sales fees and some have ongoing fees forever. Who has an immediate annuity without fees?

Quote:

Originally Posted by l2ridehd (Post 1010093)

Are you positive? Any annuity I have ever seen has sales fees and some have ongoing fees forever. Who has an immediate annuity without fees?

No ongoing fees, one time payment. Transamerica and Symetra.