Now and Forever

Immediate annuities, which might also be called life annuities or income annuities or payout annuities, may appeal to retirees. With these annuities, consumers pay a sum of cash to an insurance company and then receive a stream of money that may continue for as long as they live.

If a good chunk of a retirement portfolio is used to buy an immediate annuity, an elderly individual can be protected from running out of money.

Immediate annuities might offer inflation protection, access to capital, and money-back guarantees, but such extra features will reduce the amount of each check you receive.

* * * * *