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Annuity Investments for Retirement Massachusetts

The basics of annuity investments and retirement planning.

Local Companies

justin lebaw
(857) 919-2511
534 Massachusetts
boston, MA

Omogrosso Carey & Associates
(978) 664-5300
350 Park St
North Reading, MA

Mutual Fund Store the
(413) 567-8300
819 Williams St
Longmeadow, MA

P & L Financial Company
(978) 975-2250
250 Canal St
Lawrence, MA

Sheffield Corporation
(781) 721-2244
Winchester, MA

Canton Institution For Savings
(781) 828-1690
557 Washington St
Canton, MA

Ameriprise Financial Services Inc
(781) 431-2466
60 Walnut St
Wellesley, MA

Edmunds White Partners Llc
(978) 524-8511
100 Cummings Ctr
Beverly, MA

Graham Financial
(508) 385-7888
708 Route 134
South Dennis, MA

Ambrose & Grant Insurance Agency
(781) 762-2300
1500 Boston Providence Tp
Norwood, MA

Adapted From: Annuities For Dummies

As baby boomers enter retirement age, estate planning and sound investing loom large as they plan for a happy retirement and for leaving their children a legacy. Annuities offer a way to invest your money without the fear of losing it all to the whims of market forces.

What is an annuity?

Put simply, annuities are investments with money-back guarantees. Imagine a typical investment in stocks or bonds; then imagine that same investment with a guarantee that you'll get your money back with interest after (or over) a certain time period. That's an annuity.

Of course, annuities aren't quite that simple. Most annuity brochures and prospectuses contain enough disclaimers, footnotes, and contingencies to keep a dozen lawyers busy. But it's useful, at least at first, to ignore the complexities of annuities and take a high-level snapshot of what they are and how they work.

Many people confidently walk the financial high wire of life without a safety net. Others, especially those approaching retirement, feel more secure with a net there to catch them — just in case the tightrope snaps. An annuity is both a tightrope and safety net; it's an investment and insurance against the loss of that investment. Annuities aren't always as exciting as the investment alone (like a tightrope walker without a net), but they're not as risky.

Should you get an annuity?

This is a not a simple question. The only sensible answer is that certain annuities are right for certain people. If you recognize yourself in any of the following categories, then you should definitely explore annuities further:

People in high tax brackets often like deferred annuities because they can contribute virtually any amount of money to the plan and still defer taxes on the gains for as long as they like.
Middle-class couples in their 50s who are earning $100,000 or less and have a savings of $250,000 or more but no pension should like income annuities. They have a 50 percent chance that one of them will live to age 90.
Financial advisers sometimes put their wealthy clients' money in variable annuity subaccounts (mutual funds) instead of conventional (taxable) mutual fund accounts so that they can defer taxes on any gains they realize when buying and selling fund shares.
Pessimists who believe that the gigantic, highly leveraged house of cards (the United States' financial system) may collapse at any time, should like the guarantees that annuities provide.
Women are much more likely to need annuities than men. It's true. Women live significantly longer and are therefore at greater risk of running out of savings.

Single or widowed women are more likely to be poor in old age than single or widowed men. Many people expect that, in the future, as birth rates in developed countries (the United States, Japan, and much of Europe) fall, and the number of elderly citizens rises, a retirement financing crisis will occur. Women will probably bear the brunt of that crisis.

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Featured Local Company

justin lebaw

8579192511
534 Massachusetts
boston, MA
www.meandmasch.com

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Construction	Health	Miscellaneous	Trade Shows
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Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History