That depends on you the purchaser. There are many types of annuities. Each have their own benefits and each have their own period of years for the maximum return to be realized.
With a fixed annuity, you're giving your money to an insurance company in return for a fixed interest rate. It is the company that decides how to invest that money. You as the owner, does not pick any funds.
You need to decide what type of annuity you want to purchase a fixed annuity are for the conservative investor the rate of return is lower. With a variable annuity gives choices of where to invest and amount of payment. A finical advisory will be very helpful to the decision process.
If you would rather have a slower, but more stable growth then annuity fixed is for you. Fixed annuities also offer tax-deferral which increases the speed your money grows.
No, variable annuities for insurance do exist although they are rarer. The companies then invest the money in stocks so just be aware of that. Best of luck with your annuity search.
No, you annuity payment should have been fixed up front.
How safe is TSA 403 (b) Fixed annuity? Is TSA 403 (b) Fixed annuity insured ?
A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.
A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.
A defined benefit plan is one that your employer pays for over the period of time you are employed with them. An annuity plan is a program that you invest in for your retirement. Both are payable at the time of your retirement. Defined plan is a fixed amount. Annuity depends on the terms of your contract.
It is as safe as AIG is. No fixed annuity has ever lost any money, but bottom line, AIG backs the fixed annuity
Yes, you do earn a higher interest rate with a variable annuity than with a fixed annuity. It depends on what kind of interest rate you have at the moment.
Fixed Annuity Calculator A Fixed Annuity can provide a very secure, tax-deferred investment. It can provide a guaranteed minimum interest rate, with no taxes due on any earnings until they are withdrawn from the account. Use this calculator to help you determine how a Fixed Annuity might fit into your retirement plan.