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Micky Gramlin
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Micky Gramlin   My Press Releases

Residual Income, A Look At Annuities: Series 8

Published on 8/7/2018
For additional information  Click Here

 

Image result for annuities

 

“Never give up on what you really want to do. The person with big dreams is more powerful than one with all the facts.” ~ Albert Einstein

Once again, let me clarify that I am not a financial guru and not suggesting a definite investment plan for residual income or retirement income. I am looking at options for myself and sharing this information with you. As always, discuss any investment with a financial advisor.

 

The Whole Idea Is Putting Your Money To Work For You

 

“There are few things in life as beautiful as residual income. Income resulting from cash flow received on a regular and predictable basis, requiring minimal to no effort by you to maintain it over the long-term.” ~ ListenMoneyMatters

I am always hearing from financial experts that annuities are a bad form of investment and to stay away from them. Personally, I disagree when it comes to Fixed Annuities and agree when it comes to a Variable or a Fixed Indexed Annuity.

 

All Annuities Are Not The Same

 

“An annuity is an insurance product that pays out income. You make an investment in the annuity and then it makes payments to you, giving you a dependable income stream during retirement.”

It is a market that I watch because every so often a good one comes along and should be considered. The return is much better than money setting in a bank for whatever the reason, even for just saving money.

 

Image result for annuities

 

There are two immediate options:

An Immediate Annuity And A Deferred Annuity. “

 

On an Immediate, with a lump sum deposit you then immediately start drawing income.

This may be an option worth considering for a large sum of money … an inheritance, a winning or a settlement and want to receive a set monthly amount.

The deferred, you make a deposit and agree to be paid the agreed interest rate and you also agree to let your money set for so many years. Say 10 to 15 years. With a penalty for early withdrawal.

The Length Of The Term

 

  • Immediate
  • Intermediate (3 to 5 years)
  • Long Term (5 to 15 years)

 

 

"The concept of an annuity is simply a series of fixed payments over a period of time," says Robert R. Johnson, principal in the Fed Policy Investment Research Group in Charlottesville, Virginia. "The goal of annuities is to provide a steady stream of income beginning either immediately or at some point in the future."

Depending on the type of annuity you choose will determine  the different ways you will receive your investment when the maturity date arrives.

Image result for annuities

A Fixed Annuity has a fixed rate. Also a fixed maturity date. You should get a print out with a calculation of how much you will get back and when it will mature.

“A Variable Annuity is based on the performance of the investments made on the stock and bond market.” Depending on market conditions, the result could be positive or could be negative. A term is set.

“A Fixed Index Annuity has a fixed term but the rate of return could vary”

I listed this because it is out there, even though I personally don’t see any difference between the Fixed Index and the Variable?

 

Next post we will cover the pros and cons



Thank you for stopping by!

Micky Gramlin

 

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Residual Income Series, Annuities Continued Pros and Cons: Series 9

 

Source

money.usnews.com

listenmoneymatters.com

newretirement.com

 

 

 

 

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