What Is An Annuity?

First introduced in America back in 1759, the annuity concept of collecting a pool of money for future payouts is as old as the concept of insurance, only the annuity was developed to insure payouts while a person is still alive.
While the annuity has undergone substantial changes since the 18th century, in recent years it has morphed so significantly that previous critics have turned into some of its greatest advocates.
Today's retiree is learning that there is an important place for annuities in today’s retirement planning. However, it is important to choose the correct annuity for your financial situation and ensure that it works in concert with the rest of your portfolio. When utilized correctly, the annuity can be a very effective retirement income vehicle.
Most importantly, this Annuity Owner Manual is designed to help you assess your need for retirement income down the road, and construct a strategy to best help you reach your destination. In doing so, you will learn: The Proper Use of an Annuity in a Retirement Income Portfolio.
So buckle up, start your engine, and take this manual out for a spin.
Did You Know?
- Detailed recordings of annuities first appeared in published form as early as 1483.
- Annuities were included into our tax code by the Tax Reform Act of 1913.
- Babe Ruth used annuities to avoid the risk of the stock market and thus was not hurt by the stock market crash of 1929.
- In modern history (1913 forward), no one has EVER lost a penny in an annuity because of insurance company insolvency.
- Annuities are the ONLY product that can provide guaranteed retirement income for LIFE.
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