Immediate Annuities for Retirement Planning
What Are Immediate Annuities?
We are discussing something called single premium immediate annuities (SPIA). In return for one large, lump sum payment, the contract will start payout out a regular income right away. Actually, in some cases, that payment can be deferred. As we learn more about annuities, you find there are lots of choices and variables like that. But for now, consider purchasing your fund with one lump sum payout, and then getting regular payouts as income from that investment.
(Note: We also published this article: Explain Annuities)
Categories: Annuities Tags: annuity, fixed annuity, immediate annuity
