Tuesday, April 20, 2010

 

When should clients use immediate annuities in retirement?

Let's take a look at a simple example and see under what circumstances an immediate annuity might be appealing.

Assume we have a married couple, age 65, with $1,000,000 of retirement assets. If they buy a joint and survivor annuity today, the estimated payment would be about $62,600 per year for as long as they live (this quote was obtained from one of the highest-rated, direct annuity issuers in the industry)...

Investment News: When should clients use immediate annuities in retirement?

This page is powered by Blogger. Isn't yours?