This how u put in sentences: Do I have to purchase an annuity at age 75?
Also check whether your current company offer a guaranteed annuity.
Variable Annuity Calculator Contributing to a Variable Annuity creates long term tax-deferred growth. Use this calculator to see how a Variable Annuity might fit into your retirement plan.
Yes
There is some personal information that will be needed in order to use an annuity calculator, however, you do need the amount of money that is being calculated and for how long.
You use an annuity value calculator by inserting the starting principle amount, then enter the growth rate (in %), and then enter the number of years you are looking into then hit calculate.
If the annuity is a non qualified tax deferred annuity (an annuity that taxes were paid on the money before they were placed into the annuity) you will pay taxes on any interest growth when it is removed from the annuity. If the annuity is a qualified annuity (no taxes were paid prior to placing the fund into the annuity) you will pay taxes on all withdrawals from the annuity.
You may have to contact the company directly to see if there are advisors in your area. They can then speak with you to direct you how to use your annuity.
An imeediate annuity calculator are for people who are interested in immediate annuities. I would assume that you could use this calculator to calculate how much you will have for your retirement.
I need a answer how do you know when to use future value or present value and future value of a annuity and present value of annuity Please help
difference between an annuity and a compound annuity?Read more: What_is_the_primary_difference_between_an_annuity_and_a_compound_annuity
ordinary annuity