If you are close to a retirement, you're probably counting your pension and planning a world, or at least half a world tour. For many, retirement is a time to do all the things they've always wanted but never could. And to these, you need a stable supply of ample income, if not a leprechaun's pot. While the latter may be hard to find, you can definitely ensure your own little treasure by investing your pension correctly. A great way to do this is through an annuity.
When you near your retirement, your company already gives you the option taking your pension as a lumpsum or an annuity. However, did you know that your options don't end there? You can now scout the market to look for providers other than your company to exchange your pension for an annuity. If you haven't started looking yet, we suggest you start doing so soon.
If you are not very convinced about taking the trouble to scour a good annuity rate, take some time to consider this. After retirement, what does financial stability mean?
Annuities give you all of this. They turn your pension fund into a stream of regular income for the rest of your life. Depending on the size of your pension fund, and other factors, you will are guaranteed an income monthly, quarterly, half yearly or annually till your time comes. This means you can keep your savings intact for enjoyment and emergencies. You can live your retirement with independence and pride, and you can even provide for your family if you want, long after you've gone.
An annuity is also beneficial in many other ways. For instance if your spouse or children are dependent on you, a joint-life annuity can continue to pay them an income after you've passed away. Or if you're keeping good health, and suspect that you will need medical treatment very often, an enhanced life annuity will pay you a higher than normal income so that you may cope with medical expenses. You can also protect your investment from the inflation by choosing an escalation life annuity, which increases as time goes by and ensure your spending power remains intact.
These are just some of the benefits your annuity offers. To take full advantage it is important that you do a bit of research and identify providers that offer you the best rates as well as offer you all these options. To do this, all you need is a website that lets you search, compare and contact providers at the click of a mouse. Such a website acts as an intermediary and does all the work for you – searching for providers that match your requirements, sending you quotes, providing information and resources and helping you calculate your annuity and choose the best deal. So don't wait any longer. Start planning your retirement now, so that you can enjoy your annuity later.
When you near your retirement, your company already gives you the option taking your pension as a lumpsum or an annuity. However, did you know that your options don't end there? You can now scout the market to look for providers other than your company to exchange your pension for an annuity. If you haven't started looking yet, we suggest you start doing so soon.
If you are not very convinced about taking the trouble to scour a good annuity rate, take some time to consider this. After retirement, what does financial stability mean?
- Being able to maintain your current lifestyle
- Being able to handle emergencies without depending on family or friends or worse, govt. aid.
- Being able to do the things you enjoy: travel, pursue a new hobby, go on a third or fourth honeymoon.
- Be able to give you kids and grandkids a little something every now and then; and maybe also leave something behind.
Annuities give you all of this. They turn your pension fund into a stream of regular income for the rest of your life. Depending on the size of your pension fund, and other factors, you will are guaranteed an income monthly, quarterly, half yearly or annually till your time comes. This means you can keep your savings intact for enjoyment and emergencies. You can live your retirement with independence and pride, and you can even provide for your family if you want, long after you've gone.
An annuity is also beneficial in many other ways. For instance if your spouse or children are dependent on you, a joint-life annuity can continue to pay them an income after you've passed away. Or if you're keeping good health, and suspect that you will need medical treatment very often, an enhanced life annuity will pay you a higher than normal income so that you may cope with medical expenses. You can also protect your investment from the inflation by choosing an escalation life annuity, which increases as time goes by and ensure your spending power remains intact.
These are just some of the benefits your annuity offers. To take full advantage it is important that you do a bit of research and identify providers that offer you the best rates as well as offer you all these options. To do this, all you need is a website that lets you search, compare and contact providers at the click of a mouse. Such a website acts as an intermediary and does all the work for you – searching for providers that match your requirements, sending you quotes, providing information and resources and helping you calculate your annuity and choose the best deal. So don't wait any longer. Start planning your retirement now, so that you can enjoy your annuity later.
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