would i be able to get a rough scetch of how it would work with #.
2006-08-17 16:33:31 · 4 answers · asked by mecaniko 1 in Business & Finance ➔ Investing
Annuities pay you money every month until you die. It's as simple as that. It is to protect you in case you outlive your savings. To buy an annuity, you need a big sum of $$ first. It will then pay out a portion of your own $ to you every month until it is all used up and then it will continue to pay you somemore until you die. If you die before receiving the annuity or dies sometime during the payout, the remaining will be refunded. Of course, this also depends on the insurer.
2006-08-17 22:37:46 · answer #1 · answered by floozy_niki 6 · 0⤊ 0⤋
Pretty broad question. I can run numbers for you if that is what you are looking for. Annuities (FIXED) these are the safe, guaranteed annuities. They are tax deferred and get a very good interest rate for this time in the market. You can set them up to get a monthly payment for the rest of your life, or you can let it sit and grow for years until you need it. I need your age, amount you wish to invest, and what type of payments you are looking for, and when.
2006-08-17 18:16:18 · answer #2 · answered by Susan C 3 · 0⤊ 0⤋
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2015-02-06 01:32:34 · answer #3 · answered by Fleur 1 · 0⤊ 0⤋
just make sure you put the batteries in right.
2006-08-17 16:40:06 · answer #4 · answered by Tommy 4 · 0⤊ 1⤋