Plan Your Retirement Income With Single Premium Deferred Annuity

A single premium deferred annuity is one of the most solid and dependable investments you can make. It is a way of sheltering your investment against taxation while it builds towards your retirement, allowing you the possibility of replacing some of the pension income which is now being eroded. Pensions are becoming ever less stable as the years go by, with inflation reducing their spending power, and an increase in the aged population meaning there are fewer funds to go round. It makes sense to take control of the situation and plan your own retirement if you are able to do so.

The tax break is the great advantage offered by the single premium deferred annuity, but it is important not to over concentrate on this. A tax efficient investment is useless unless it can generate enough income for tax to be paid on in the first place. Annuities have the great benefit of being guaranteed, and are a great starting point for your overall retirement plans. Combining them with other instruments can give you an even better chance of having your retirement income needs completely met.

One of the most common ways of achieving this is by the use of a split annuity, combining a standard deferred annuity with an immediate one. The idea behind this is that the immediate annuity provides an ongoing income, while the deferred annuity continues to grow in the background. If the figures can be worked out so that the deferred annuity keeps refreshing the principal over time, the income level can be maintained.

This system can be especially useful in meeting mortgage payments. Although there is unlikely to be any income left over during the time the mortgage is being paid, the payments should continue to be met. Mortgage payments are relatively easy to calculate, and they vary little over time in comparison with other investments. By the time you reach retirement, you could be in a very good situation. If the mortgage payments have been met and the loan paid off, you could own your home outright. You could also have a monthly income from the payments which are longer needed to pay the mortgage.

There is just one hazard you need to watch out for with a single premium deferred annuity, and that is when it comes to passing on your wealth to your heirs. Annuities are treated differently from other investments, and they are harshly treated for inheritance tax. The annuity works best when it is providing an income for your retirement. If your goal is to pass wealth to your children or other heirs, you will be better off looking at life assurance policies which act in a similar way to annuities. For retirement income, though, nothing beats the solidity of a single premium deferred annuity.






 

Annuities News:

 

RPA Insurance Services hires from global broker | Insurance Business - Insurance Business

Insurance Business

RPA Insurance Services hires from global broker | Insurance Business
Insurance Business
RPA Insurance Services hires from global broker RPA Insurance Services has appointed industry veteran Susan Kruger as the head of claims for Innovative .

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Custom Structured Settlements Helps Client Avoid Substantial Tax Bill - Benzinga

Custom Structured Settlements Helps Client Avoid Substantial Tax Bill
Benzinga
Custom Structured Settlements, LLC recently helped a customer, aka "Hopson (name changed due to confidentiality)," turn $27,000 into $400,000 in seven days. Hopson was about to owe a $400,000 tax bill. For $27,000, Custom Structured Settlement's .

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Comparing JG Wentworth (JGW) & Triangle Capital Corporation (TCAP) - Markets Daily

Comparing JG Wentworth (JGW) & Triangle Capital Corporation (TCAP)
Markets Daily
The Company conducts its operations through two segments: Structured Settlements and Annuity Purchasing (Structured Settlements), and Home Lending. The Structured Settlements segment provides liquidity to individuals with various financial assets, such .

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EPS Settlements Group Rebranded Arcadia as Firm Positions for Growth - WorkersCompensation.com (press release)

EPS Settlements Group Rebranded Arcadia as Firm Positions for Growth
WorkersCompensation.com (press release)
Arcadia developed structured settlements to address people's long-term needs using periodic payments. Arcadia is a Greek word meaning an ideal setting in harmony with nature. It connotes a place of shelter where people find peace, security, resolution .

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EPS Settlements Group rebranded as Arcadia - PR Newswire (press release)

EPS Settlements Group rebranded as Arcadia
PR Newswire (press release)
The company has a rich history as the first structured settlements firm in the world. In more than 45 years in business, Arcadia has helped settle over 325,000 claims involving structured settlement funding of over $40 billion. Arcadia has more than .

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Fox's suddenly swift action on harassment claims: 'The pendulum has swung the other way' - AOL

AOL

Fox's suddenly swift action on harassment claims: 'The pendulum has swung the other way'
AOL
Also leaked to the media in the Horowitz matter was the fact that no settlements have been offered. (A federal probe into whether Fox News improperly structured settlement payments to minimize impact on the company's financial disclosures is ongoing.) .

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ASTA FUNDING, INC. (NASDAQ:ASFI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors . - Market Exclusive

ASTA FUNDING, INC. (NASDAQ:ASFI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors .
Market Exclusive
The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is engaged in purchasing, managing for its own account and servicing .

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Analyzing JG Wentworth (JGW) and Triangle Capital Corporation . - The Cerbat Gem

Analyzing JG Wentworth (JGW) and Triangle Capital Corporation .
The Cerbat Gem
JG Wentworth (NYSE: JGW) and Triangle Capital Corporation (NYSE:TCAP) are both finance companies, but which is the better stock? We will compare the two .

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EPS Settlements Group Rebrands as Arcadia - Insurance Journal

EPS Settlements Group Rebrands as Arcadia
Insurance Journal
Arcadia developed structured settlements to address people's long-term needs using periodic payments. Sullivan is chairman of Gerald J. Sullivan & Associates, the focus company for all members of The Sullivan Group. Arcadia is a Greek word meaning an .

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