Elaborate on the basics of annuities and payouts

What will be an ideal response?


Answer: A single life annuity allows you to receive a set monthly payment for life. An annuity for life (with "certain period" provision) also pays for life. In addition, if you die within the set period (usually 10 or 20 years), your beneficiary will get the payments until the end of the period. This option provides a smaller payment. A joint and survivor annuity provides payments over the life of both you and your spouse. None of these options allow for any inflation protection or flexibility in payouts.

A lump-sum option gives you your benefits in one single payment. It is great for inflation protection, emergency funds, access to large sums of money, and investing in other endeavors. You can roll over the lump sum into an IRA or qualified plan. The dangers are a high tax bill and spending too much of it.

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Living organisms on Earth share many common characteristics. Which statements are TRUE and which are FALSE about nearly all living things?Only multicellular organisms need to maintain homeostasis.

Answer the following statement true (T) or false (F)

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What firm tops the list of the most valuable global brand?

A. Toyota B. IBM C. Apple D. McDonald's E. Coca-Cola

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Frequent shopper programs and customer and vendor analysis are made possible through _____

a. data-base management b. data mining c. electronic data interchange d. data warehousing

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Punitive damages are awarded only when there is no gross negligence

Indicate whether the statement is true or false

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