Mountain View Insurance – Immediate Annuity Options
Immediate Annuities provide a flow of income immediately to you. These annuities are great for creating your own pension type of income. Immediate Annuities have the option to create different levels of income for specified periods of time. If you are seeking a pension like device then a immediate annuity with income for life is a great option to consider.
Immediate Annuities – Strategy
Pensions and social security payments are very useful because they provide a lifetime income for the recipient. It is a very powerful thing to know that the pension or social security payment will be there every month – just like a paycheck. This same concept can be accomplished with a immediate annuity.
Lifetime Income
- Consistent Payout for your lifetime
- Options for cost of living increases over time
- Similar concept as a defined benefit pension or social security
Immediate Annuities – Retirement Longevity
Immediate Annuities that are structure correctly allow for retirement longevity. One of the largest risks in retirement is living too long and running out of money. Medical advancement are allowing people to live longer than ever before which makes a guaranteed income flow even more viable.
Immediate Annuities – Step Away from Market Risk
If you are close to retirement or enjoying your golden days then maybe it is time to consider stepping away from market risk. There used to be a 4% rule that said you could confidently take 4% of your total assets as income in retirement. Morning Star has since revised it to around 2.5% and even then it is susceptible to market risk. Annuities enable you to step away from any further market risk.