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	<title>Best Insurance Blog and Articles &#187; fixed annuity</title>
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		<title>Immediate Annuities for Retirement Planning</title>
		<link>http://bestquoteus.com/bestquotes/finance/annuities/immediate-annuities-for-retirement-planning/</link>
		<comments>http://bestquoteus.com/bestquotes/finance/annuities/immediate-annuities-for-retirement-planning/#comments</comments>
		<pubDate>Fri, 18 Sep 2009 16:30:47 +0000</pubDate>
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				<category><![CDATA[Annuities]]></category>
		<category><![CDATA[annuity]]></category>
		<category><![CDATA[fixed annuity]]></category>
		<category><![CDATA[immediate annuity]]></category>

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		<description><![CDATA[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) A common use of an SPIA is to fund a retirement income from some lump sum payout. This payout may be a retirement distribution from work, or another accumulated investment account. Of course, there are other uses for SPIAs, but retirement income is a very popular example. Advantages of Immediate Annuities In exchange for this payment, an insurer will agree to make regular payments for a specified period of time. Example of this time period could be lifetime, joint survivorship (both spouse&#8217;s lifetimes), or some number of years (i.e. 10). In genereal, this is a binding contract, but owners may have some exceptions built into the contract. For instance, I have [...]
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