annuity investment

Annuities investment in the volatile stock market: considering retirement planning Annuities are a safe investment in a volatile stock market. Even if the stock market crashes, certain annuities will guarantee interest rates and protection against market volatility, making them one of the safest options. When you are close to your retirement age, you want to invest your retirement income in a safe and fixed annuity that will pay you a handsome amount after retirement. One […]

What are the benefits of annuities? Annuity withdrawals must be kept in mind, before making any decision about investment in annuities. An annuity is a retirement planning investment that has many benefits. First, annuities grow tax-deferred. This means you are not taxed on any gains that accumulate inside the annuity until you withdraw. Second, if you withdraw before age 59 1/2, you may incur a 10% early withdrawal penalty and regular income tax on the