Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
It depends on which tax deferred annuity you choose and their crediting methods:interest rate crediting, indexed crediting and separate sub account crediting. Historical returns are no guarantee of future performance, but each crediting method over long periods of time has made money. Keep in mind that indexed annuities may credited zero and variable annuities separate sub accounts can lose money like any security product. You can also select distribution options like 10 or 20 years certain, even life only.
Immediate annuities pay out a guaranteed income stream in exchange for a lump sum of premium.
Th payment can be level or increasing for a fixed number of years or for your lifetime. Life annuities can also be joint life, paying as long is one ia alive. Life annuities can also be issued with or without a minimum guaranteed payout.
There are many different payout options available to suit your individual needs.
If you have any further questions, or feel that I could be of assistance, please do not hesitate to contact me.
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Th payment can be level or increasing for a fixed number of years or for your lifetime. Life annuities can also be joint life, paying as long is one ia alive. Life annuities can also be issued with or without a minimum guaranteed payout.
There are many different payout options available to suit your individual needs.
If you have any further questions, or feel that I could be of assistance, please do not hesitate to contact me.