Annuity Investments for Retirement Virginia

The basics of annuity investments and retirement planning.

Local Companies

Whelan Financial Corp
(434) 984-4660
255 Farmington Dr
Charlottesville, VA
Delclos-Walsh Associates Inc
(703) 506-0126
Mc Lean, VA
Edward Jones
(804) 684-2121
7194 Chapman Dr
Hayes, VA
Wealth Management Strategies
(703) 719-6511
5933 Dungeness Ln
Kingstowne, VA
Jayco Real Estate Investments
(703) 683-4518
Alexandria, VA
Capital Assets Planning Inc
(703) 204-9410
2136 Gallows Rd Ste C
Dunn Loring, VA
Ifg Network Securities
(703) 536-3100
5714 Little Falls Rd
Arlington, VA
Silverman Jeffrey
(757) 499-8300
5041 Corporate Woods Dr
Virginia Beach, VA
Axa Advisors Llc
(276) 236-7188
205 W Grayson St
Galax, VA
Thompson David W
(703) 818-3300
6405 Foggy Hills Way
Clifton, VA

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.


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Regional Articles
- Annuity Investments for Retirement Alexandria VA
- Annuity Investments for Retirement Annandale VA
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- Annuity Investments for Retirement Ashburn VA
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- Annuity Investments for Retirement Midlothian VA
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- Annuity Investments for Retirement Yorktown VA
Related Articles
- Retirement Calculators Virginia
Many of the retirement calculators on the Internet do not fit the plan of many Boomers and that is to continue to work after retirement. Income from a retirement job can have a very positive impact on your retirement finances.
- Reasons Why To Buy Annuities Virginia
- Retirement Calculators Virginia
- How To Purchase An Annuity Virginia
- Equity Index Annuities Virginia
- Tax-free Retirement Planning Services Virginia
- Substantially Equal Payments Relief Virginia
- Refinancing Real Estate Investments Virginia
- Stages of Annuity Investments Virginia
- Fixed Deferred Annuity Investments Virginia

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