Fixed Annuities
- Introduction
- Deferred and Immediate Annuities
- Payout Phase
- Alternate Annuity Product Features
- Individual Retirement Annuities
- Due Diligence
- Taxes
- Are Fixed Annuities for You?
- Summary
Deferred and Immediate Annuities
Deferred annuities feature an accumulation phase, during which funds may be deposited and balances grow tax-deferred, and a payout phase, when the funds are distributed. People who have not yet retired will generally purchase a deferred annuity. During the accumulation phase, the current interest rate in effect will be applied to the balance in the annuity and compounding of interest will take place.
Immediate annuities, as noted above, are appropriate for investors who need to begin receiving income immediately, and want a dependable stream of regular income. For these annuities, the payout phase begins immediately as "annuitization" takes place. The amount of the payment is based on age, gender, and the balance in the contract.
Share Article:
| Securities and Insurance Products: | ||
| Not Insured by FDIC or any Federal Government Agency | May Lose Value | Not a Deposit or Guaranteed by the Bank or any Bank Affiliate |
| Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Community Wealth Advisors is a trade name of the bank. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed by insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value. | ||
 |
||