In fact, investing in a retirement annuity might just be one of the best things you can do for yourself to prepare for your future. It's a practical way of ensuring that you receive a steady stream of income at a time when you most need it.
This also applies not only to those people who fall in the mid-level to lower income bracket but also among the retirees who earned more pacific life annuities than the others. Aside from that, the research also shows that retirees who get their income from guaranteed sources such as pensions and annuities are relatively more comfortable when they retire in comparison to those who get income from stocks, which are riskier, growth-oriented investments.
For those people who are decades away from retirement, it is advisable that they purchase deferred annuities because they can maximize their earnings if they do not withdraw money from the annuity before it matures. Studies from Experts Experts from a MetLife research found that at least one stable income source is directly proportional to the level of comfort and satisfaction that a senior citizen will experience when he or she retires.
Plus, you will still be guaranteed to receive a minimum income in case the assets do not perform well. This kind of annuity will enable to you to receive income as soon as you make your first payment.
But why leave it to fate when you can actually influence your future? To better help you prepare for retirement, companies such as Puritan Financial Group can help assist you. You can never be sure of what will happen in retirement income annuity the future. On the other hand, if you are near retirement or have already retired, immediate annuities may be best for you to become financially stable. If you invested in a variable immediate annuity, you can possibly receive higher earnings compared to conventional annuities, especially if your investments perform very well.