Lee Rosenberg, CFP |
May 18th, 2009
Guaranteed income for life sounds like one of those grand prize for a contest that one person wins and everyone else dreams about. But there is an investment that offers such a thing, and under the right circumstances, it can be a winning strategy. It’s called an immediate fixed annuity, or income annuity, and it works like this: buy a one-time premium from an insurance company, and in return, get a guaranteed
Henry Montag, CFP, CLTC |
October 10th, 2008
A fixed annuity is an accumulation planning vehicle that allows an individual to accumulate money they’re not going to need for at least 5-7 years. One of the benefits of this type of vehicle is that it offers a return significantly larger than usually offered in a bank CD or money market fund. In addition it allows the money to accumulate on a tax deferred basis. In addition It is GUARANTEED by the Life Insurance company that issues the contract. Even in this day and age of Bailouts and failed financial institutions that GUARANTEE is extremely meaningful as not one investor has ever lost a nickel in a failed Life Insurance contract.
