Popular options for post-retirement income annuities

4 companies offering the best fixed annuity rates

An annuity is a lump sum invested by the policyholder with an intent to receive regular payouts after retiring until they pass away. If a person exceeds their estimated life expectancy, they are entitled to receive attractive returns on their annuity...

An overview on retirement plans and annuities

Retirement plans are mainly classified into two types on the basis of benefit calculation namely: Defined benefit plans This is a pension plan where a final amount is calculated based on a formula that involves the service of a person with an empl...

How to reap the best out of an annuity?

Based on the type of payout of the benefits, annuities are classified as immediate income and deferred income (that includes fixed payment, variable payment, equity indexed) annuities. Although annuities provide tax benefits, there are a lot of costs...

Important age milestones in retirement planning

When it comes to retirement planning, it is an ongoing, dynamic process. However, there are some important ages in your retirement journey which matter more and are more important than the others. Thinking about money the rest of your life can be dau...

Retirement planning mistakes to avoid

There's more to retirement planning than just funding your 401(k) or IRA. One of the chief reasons why people engage a financial planner is to know if, and when, they can retire. Just the thought of retirement can cause anxiety and many feel overwhel...

Retirement planning – simple ways to prepare for retirement

Saving for retirement isn't easy as it is, what with debt payments and skyrocketing living expenses. However, what's harder is that the language of personal finances isn't easy or user-friendly, and is considered a taboo, not-too-happy topic to talk ...

Retirement planning – what are the options you have

Gone are the days when the working class in the country could get the Social Security or an employee pension plan to cover the costs incurred in their later years. Today, planning for retirement has become imperative. There are numerous options out t...