The Best Individual Retirement Annuities
Individual retirement annuity is a financial product that allows an individual to invest money for their retirement. This product is designed to provide a fixed income during retirement.
It is the best choice for a retiree who has enough money to start his retirement. The individual retirement annuity is usually a combination of fixed annuity and variable annuity.
The basic idea behind this is that the individual has to make a contribution to the insurance company which will be matched by the insurance company. The contributions are invested by the insurance company and it will give the investor the guaranteed fixed income for the rest of his life.
Some of the key features of individual retirement annuity are:
- Guaranteed income for life
- No tax liability
- Tax-free withdrawals
- Fixed payments for life
- Inflation protection
Conclusion:
I hope you liked this post about “10 Best Individual Retirement Annuities”. This is a good option for anyone who wants to start his retirement. The product can be very beneficial for the people who want to start their retirement with a fixed income.
