How does an Immediate Annuity work?

How does an Immediate Annuity work?

In the pension-less world that most of us live in, Immediate Annuities are becoming more popular as over 10,000 baby boomers reach retirement age every single day. If you love your Social Security payments, then you will also love your Single Premium Immediate Annuity (SPIA) lifetime income stream.

Every single retirement should include guaranteed retirement income as part of the overall financial pie. Let’s look at how Immediate Annuities can help build that needed monthly “income floor.”

Hail Caesar! Immediate annuities can be traced back to the Roman Times where they were used as pension payments for life, and a […]

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