When should I turn my savings into an annuity?

Answer On One Hand: Benefits of AnnuitiesMoney in savings accounts receives lower rates of interest than money in annuities. Interest earned on savings accounts is taxable. Investors do not have to pay ta... Read More »

Top Q&A For: When should I turn my savings into an annuity

How to Turn a 401k Into an Annuity?

Many companies allow employees to participate in 401k plans. When employees leave a company, they must decide what to do with funds invested in their 401k plans. Some companies require former emplo... Read More »

As an annuity holder with aig I have recently asked for a portion of my annuity and am wondering when i may receive it in the mail?

My wife receives a monthly annuity from AIG and usually gets it on the same calendar day every month.

Is an eia annuity a fixed annuity?

Equity-indexed annuities are fixed annuities. However, an EIA differs from other fixed annuities in the way it credits interest. EIAs use various complex formulas while other fixed annuities credit... Read More »

Future Value Annuity Vs. Annuity Due?

Annuities are investment products you purchase through insurance companies. Earnings on an annuity grow tax deferred, treated as income when distributions are made after age 59 1/2. Part of an annu... Read More »