Annuity Investments for Retirement Mississippi

The basics of annuity investments and retirement planning.

Local Companies

aurora national life assurance co
(601) 992-9138
105 stonecastle ct.
brandon, MS
Moorehead Jerry Office
(601) 366-7272
4500 I-55 N
Jackson, MS
Efficiency Billing Service Inc
(662) 678-1031
2978 W Jackson St
Tupelo, MS
Matthews Danny R Cfp Investments
(601) 856-3825
455 Pebble Creek Dr
Madison, MS
Mullins Larry
(662) 323-4291
114 S Lafayette St
Starkville, MS
Cooley and Labas Financial
(662) 327-1480
1121 2nd Ave N
Columbus, MS
Davenport & Watts Llc
(601) 898-8069
234 W School St
Ridgeland, MS
Milligan Kerry
(228) 831-1476
Gulfport, MS
Securities America Inc
(601) 856-3825
455 Pebble Creek Dr
Madison, MS
Supra Management Corp
(601) 922-9581
2135 Henry Hill Dr
Jackson, MS

Annuities For Dummies

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.


provided by:


For Dummies is a registered trademark of Wiley Publishing, Inc. in the United States and other countries. Used here by license.


Featured Local Company

aurora national life assurance co

6019929138
105 stonecastle ct.
brandon, MS

Regional Articles
- Annuity Investments for Retirement Bay Saint Louis MS
- Annuity Investments for Retirement Biloxi MS
- Annuity Investments for Retirement Booneville MS
- Annuity Investments for Retirement Brandon MS
- Annuity Investments for Retirement Byhalia MS
- Annuity Investments for Retirement Clarksdale MS
- Annuity Investments for Retirement Clinton MS
- Annuity Investments for Retirement Columbus MS
- Annuity Investments for Retirement Corinth MS
- Annuity Investments for Retirement Gautier MS
- Annuity Investments for Retirement Greenville MS
- Annuity Investments for Retirement Greenwood MS
- Annuity Investments for Retirement Grenada MS
- Annuity Investments for Retirement Gulfport MS
- Annuity Investments for Retirement Hattiesburg MS
- Annuity Investments for Retirement Hernando MS
- Annuity Investments for Retirement Holly Springs MS
- Annuity Investments for Retirement Horn Lake MS
- Annuity Investments for Retirement Jackson MS
- Annuity Investments for Retirement Laurel MS
- Annuity Investments for Retirement Lucedale MS
- Annuity Investments for Retirement Mccomb MS
- Annuity Investments for Retirement Meridian MS
- Annuity Investments for Retirement Moss Point MS
- Annuity Investments for Retirement Natchez MS
- Annuity Investments for Retirement Ocean Springs MS
- Annuity Investments for Retirement Olive Branch MS
- Annuity Investments for Retirement Oxford MS
- Annuity Investments for Retirement Pascagoula MS
- Annuity Investments for Retirement Pass Christian MS
- Annuity Investments for Retirement Pearl MS
- Annuity Investments for Retirement Petal MS
- Annuity Investments for Retirement Picayune MS
- Annuity Investments for Retirement Pontotoc MS
- Annuity Investments for Retirement Ridgeland MS
- Annuity Investments for Retirement Southaven MS
- Annuity Investments for Retirement Starkville MS
- Annuity Investments for Retirement Tupelo MS
- Annuity Investments for Retirement Vicksburg MS
- Annuity Investments for Retirement West Point MS
- Annuity Investments for Retirement Yazoo City MS

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History