Investing In An Annuity

Have you ever considered how much money you should invest in an annuity? Unlike a 401k and other investments, there is no limit to how much you can invest in an annuity. You'll want to consider your income needs during retirement and sources of income.

Most financial experts recommend diversified investments. Typically, most people would not put all of their money into one investment vehicle. Annuities can be a great addition to your retirement portfolio. Having a guaranteed stream of income during retirement is one of the best features of annuities. With most annuities, you will not be able to access a lump sum of the money in addition to your regular payments. After you begin receiving income, the stream of payments continue for the period of time your annuity specifies.

To prepare for unexpected costs such as large medical bills, long term care or other expenses, you can set aside money in addition to your guaranteed annuity income in a liquid account. To learn more about annuities, talk to a financial advisor. To get annuity quotes from companies near you, use the online form on this website.

Sources

1. How much should I invest in an annuity? Retrieved May 27, 2008, from http://www.iii.org/individuals/annuities/basics/invest/