11/8/21, 9:20 AM
What is Annuity Income? | Wesley Oler IV | Investment Expertise
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What is Annuity Income? by Wesley Oler IV | Nov 8, 2021 | Blog, Investments, Wesley Oler IV
There’s more than one way to save money for retirement. Annuities should not be discounted when saving for retirement. An annuity is an insurance contract for seniors that is an income-guaranteed stream that can be paid in a lump sum, in a fixed monthly income, longevity annuity, or flexible income payment plan. Investment experts say that those who invest in annuities will not run out of money. Financial companies know that seniors need money to live for decades and pay for all expenses including medical. Annuities are one of many investment tools available to give seniors enough money to manage health and life spans. Over the years, people have had sharp criticism for annuities. Annuities have a liquid design that is associated with withdrawal penalties and associated fees. On the plus side, annuities are similar to the 401k and the IRA. Annuities are paid out once a month, quarterly, weekly, or yearly depending on what the investor agrees to. The annuity is divided up to make sure seniors never run out of money. The financial institution can https://wesleyoleriv.com/what-is-annuity-income/
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