Why Not To Buy An Immediate Annuity?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaAn immediate annuity is an ideal solution for turning a lump sum of money into income that you cannot outlive. This is the basic form of annuity. This will provide assurance that a floor of basic needs can be predictably paid. You might want to keep some money back to provide inflation protection; however, the immediate annuity provides something intangible as well, peace of mind.Answered on September 3, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! The purpose of this type of annuity is to create a stream of payments that start right away. If you were looking for an income stream that would be a higher dollar amount, or one that might allow you to take advantage of a lower tax bracket in retirement, then perhaps you would want to purchase a deferred annuity. I hope that helps, thanks for asking!Answered on September 3, 2014flag this answer
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