Fixed Annuity Rates - "fixed annuity rates"

Fixed Annuity Rates - "fixed annuity rates" http://www.retiresharp.com 1-800-566-1002 . What are the best fixed annuity rates in your area? Call to obtain the best fixed annuity education and learn the best possible current rates that correlate to your specific goals...
What is a fixed annuity?
Annuities can be a great tool to leverage when you are either gearing up or are currently in retirement. Whenever you think of financial products in general, I want you to think of individual tools in a tool belt. Each tool serves its own purpose and is most important depending upon your specific situation.
That is exactly how annuities work as well. The main purpose to utilize an annuity is for maximized income. Your situation may be to turn on income from your accounts within 20 years; it may be to turn on income instantly, or even produce and income stream to leverage for inheritance maximization.
The number one flaw that many individuals make when determining whether or not an annuity is right for them is by simply not sticking to their own goals. You have to make that judgment on what do you want out of retirement?
Is it to have peace of mind that you can never outlive income? or Would you rather take a gamble on the stock market roller coaster that produces a maybe retirement???
Be mindful that not all annuities are the same and annuities that currently being offer came a long way since inception.
The first annuity I want to touch up briefly on is called an fixed IMMEDIATE ANNUITY. When dealing with this type I want you to automatically think "pension" annuity.
Just like a pension, when you decide to turn on your income payments you are competing against the mortality table clock (life expectancy) and are guaranteed an income stream that you can never outlive. In an ideal situation, you are coming to an insurance company with a sum of money (can be cash, can be previous retirement accounts) and they are guaranteeing you a payment stream regardless of how long you live.
The amount that is guaranteed for you to not outlive will be larger if you are older and smaller if you are younger. If you have both a male and female, the same age, purchasing an immediate annuity the male will receive a larger dollar amount (because it is proven through mortality tables that females live longer than males, so the company is determining that is riskier to give the same payout to both, resulting in different amounts).
The downside to this type of annuity is that you are surrendering your dollars towards the insurance company and they are now holding the income terms. If you ever needed that money back because you came into an "oh my gosh" moment, the most that is given to you is your income payments determined at inception of the contract.


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