How To Use Annuities For Retirement Income?

  1. 0 POINTS
    Contact Me
    David RacichPRO
    Fountain Hills, Arizona
    Non-qualified annuities are designed to ultimately generate income. Different payout structures are available like ten or 20 years certain. But one of the most popular payout options is life only or lifetime income the annuitant can’t outlive. There is special tax treatment for life only as it relates to basis, which is amortized to the annuitant’s life expectancy as a portion of the first payment (which includes gain) until exhausted. Single premium immediate annuities can annuitization in similar fashion. So annuities that generate lifetime income should be considered as foundational tactic to your overall income strategy in retirement.
     
    Answered on June 30, 2013
    +0
    1 Thumb up 0
    +1 this answer
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>