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Landon Stewart
Landon Stewart

Buy Immediate Annuity !!LINK!!


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An immediate annuity is simple and consumer-friendly. Immediate annuities guarantee an income stream within a month of purchase without an accumulation period. Immediate annuity rates depend on your upfront payment amount, contract terms, age and sex.


A SPIA is a contract between you and an insurance company designed for income purposes only. Unlike a deferred annuity, an immediate annuity skips the accumulation phase and begins paying out income either immediately or within a year after you have purchased it with a single, lump-sum payment. SPIAs are also called immediate payment annuities, income annuities and immediate annuities.


This annuity is the oldest type, dating back to the ancient Roman Empire. The word annuity actually comes from the Latin, annua, which means annual payments. Roman soldiers received lifetime annuity payments to compensate for their service in the military.


Individuals approaching retirement age may choose this type of annuity because they will be able to make large contributions without the limitations of 401(k) plans, IRAs and other popular retirement plans. SPIAs allow seniors to supplement Social Security income and pension plans, which might not provide enough to cover retirement living expenses. In fact, employees retiring can roll their 401(k) plans into a SPIA to create meaningful income over retirement.


In the case of a fixed rate, each payment to the annuity owner will be the same. If the annuity is variable, the amount of each check will be different because the subaccounts will fluctuate. Both of these options help protect payments from inflation, but fixed annuities offer more reliability than variable annuities.


The type of premium you use to fund the annuity will impact how your payments are taxed. Annuities are insurance products, not investments, and the payment streams they generate are considered a form of income, so they are subject to income taxes.


If you fund your annuity with after-tax dollars, you own a non-qualified annuity. This means when you receive disbursements, a portion of every payment is considered a return of principal, which is not taxed.


Find out how an annuity can offer you guaranteed monthly income throughout your retirement. Speak with one of our qualified financial professionals today to discover which of our industry-leading annuity products fits into your long-term financial strategy.


Immediate annuities are long-term, tax-deferred contracts you purchase from an insurance company that provide immediate regular payments in exchange for a lump-sum investment. These payments are guaranteed to last for life or a specified period of time.


Life and annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio. The general distributor for variable products is Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, Ohio. The Nationwide Retirement Institute is a division of NISC. Nationwide Funds are distributed by Nationwide Fund Distributors, LLC, Member FINRA, Columbus, OH. Nationwide Life Insurance Company, Nationwide Life and Annuity Company, Nationwide Investment Services Corporation and Nationwide Fund Distributors are separate but affiliated companies.


A 65-year-old man who invests $100,000 in an immediate annuity can currently get about $6,700 per year in payouts for as long as he lives, according to ImmediateAnnuities.com (opens in new tab). A 70-year-old man could get about $7,600 per year, while a 75-year-old man can get about $9,300 per year.


Instead, some people boost their guaranteed income by laddering immediate annuities and investing more money every few years. The annual payouts will be larger with each annuity purchase because of age, and payouts may also be higher if interest rates have risen.


There are many types of annuity contracts, featuring a wide range of different features and fees. Like immediate annuities, they all aim to help investors create their own retirement paycheck. You provide an upfront investment, and the annuity company guarantees regular income for the life of the contract.


Immediate annuities are generally purchased with a single, lump sum deposit. Because of this funding method, this style of annuity is commonly referred to as a single premium immediate annuity (SPIA). Deferred annuities may also be purchased with a lump sum, though you can fund them incrementally over the years you have before you retire as well.


In a variable immediate annuity, your investments are held in subaccounts, which basically work like mutual funds: They invest in groups of assets like stocks, bonds and money market funds. If your investments do well, your monthly payout increases. But if the investments perform poorly, your income payments may decrease. Just like with normal investment accounts, this means you may actually lose money, especially in the short term.


A variable annuity can make sense if you can tolerate some short-term changes in income payouts in exchange for higher growth potential over the longer term. You might also consider a variable annuity contract for the inflation protection they can provide: Market returns have historically greatly exceeded inflation rates and returns of other safer investment vehicles, like certificates of deposit (CDs) and annuity products with more fixed rates of return. Just make sure you have other resources you can use to pay your bills in the event of short-term income drops from down markets.


This effectively removes risk from investing in the annuity, aside from the inherent risk of locking up a chunk of your money. Besides inflation diminishing the value of your funds, this trapping of your assets may also cause problems if you need to withdraw more than is allowed at a given time, a move that may result in penalties.


You could also set up a joint lifetime annuity that spans the lifetimes of two people, like you and your spouse. With joint lifetime annuities, payments continue so long as at least one of you is alive.


An immediate annuity, also referred to as a single payment immediate annuity (SPIA), is an insurance contract funded by a lump sum payment, such as money from a savings account, a 401(k) or an individual retirement account (IRA). You decide on the frequency and duration of your payouts when you buy it. Your initial withdrawal can start in as early as 30 days but must be taken within the first year. A possible consideration for people with little or no pension income, an immediate annuity can provide you with a steady income stream during retirement.


In exchange for your lump-sum payment, the annuity provider agrees to pay you a consistent, set income for life or a specified term. The fixed interest rate removes any risk associated with market ups and downs. It allows you to receive a consistent income stream through retirement.


Variable immediate annuities are held in subaccounts and are dependent on market risk and performance. You choose to invest in subaccounts tied to assets like stocks, bonds, and money market funds. If the investments do well, your payout increases.


But on the same note, if the investments perform poorly, your payments may decrease, like regular investment accounts. An immediate variable annuity may be a great addition to your retirement income plan if you've already maxed out your Roth IRA or 401(k). So you can focus on your goals, knowing you won't outlive your money. Thrivent does not currently offer variable immediate annuities.


The terms "deferred" and "immediate" refer to when the actual distribution of your annuity begins. A deferred annuity is funded with a lump sum or payments over time (called an accumulation period). Payout starts on a future date. An immediate annuity starts paying when you deposit a lump sum or in the first 12 months following its purchase.


A single premium immediate annuity will generally cost more if you choose the optional features or optional death benefits. Additionally, the purchase of a single premium annuity is irrevocable. That is, you generally cannot surrender this type of annuity in exchange for a contract value.


Payments from single premium immediate annuities are subject to ordinary income tax, but for non-qualified policies that benefit from an exclusion ratio, a portion of your payments may not be subject to further taxation.


The decision to purchase an annuity within a qualified plan or IRA should not be based on the annuity's tax-deferred accrual feature as this is already provided by the annuity or qualified plan itself.


18. Once this option is used, future income payments through the end of the guaranteed payment period will be reduced by the withdrawal percentage elected. If the annuitant is alive at the end of the guaranteed payment period, full annuity payments will then resume for the life of the policy. For joint life policies, full annuity payments will resume for the life of the policy at the end of the guaranteed payment period if at least one of the annuitants is alive at that time.


23. The higher income benefit will be paid if the 10-Year CMT Index in the third full week of the calendar month immediately preceding the fifth policy anniversary is at least two percentage points (2%) higher than the 10-Year CMT Index in the third full week of the calendar month immediately preceding the policy date. The higher income benefit would begin on the first scheduled payment after the fifth policy anniversary.


Pacific Secure Income issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance product and rider guarantees, including optional benefits and any fixed crediting rates or annuity payout rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. They are not backed by the independent third party from which this annuity is purchased, including the broker/dealer, by the insurance agency from which this annuity is purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company. Contract Form Series: 30-1181, ICC10:30-1181, 30-2181-13. 041b061a72


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