{"id":5748,"date":"2020-10-02T19:00:51","date_gmt":"2020-10-02T19:00:51","guid":{"rendered":"https:\/\/mastertest.annuityboss.net\/?page_id=5748"},"modified":"2021-10-01T16:08:46","modified_gmt":"2021-10-01T16:08:46","slug":"guaranteed-lifetime-income","status":"publish","type":"page","link":"https:\/\/anthonycordova.com\/?page_id=5748","title":{"rendered":"Annuities"},"content":{"rendered":"\t\t
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Help alleviate the worry of outliving your money<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Recent studies<\/a> have shown that a common fear in Americans is the fear of outliving their money. Americans are equally afraid that while they are alive, they won’t have the funds to enjoy their life and cover their basic necessities.\u00a0<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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An annuity might be a solution to help alleviate the risk of outliving your money. There are several annuties:<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tFixed Index Annuities (FIA)<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

A fixed indexed annuity (FIA) is a contract between you and an insurance company. FIAs offer the opportunity for tax deferral and interest credits, based in part on changes in a market index, plus the option to convert your annuity into a steady, guaranteed, lifetime income stream, all while protecting your hard-earned principal from the uncertainty of market loss.<\/p>

When purchasing an FIA, you agree to pay for it in either a single lump sum or multiple payments over time. In return, the insurance company takes the risk of market downturns to protect your annuity value and also promises to make payments from the annuity to you in a single payment or series of payments, over a fixed number of years.<\/p>

Money in an FIA can earn interest based on positive changes to the index. Annual interest is typically calculated annually using a unique formula based on changes in the performance of an external market index (S&P, Dow Jones, NASDAQ). You are never invested in the markets, and can\u2019t lose money due to market loss.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tMulti-year Guaranteed Annuity (MYGA)<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

A multi-year guaranteed annuity, or MYGA, is a type of fixed annuity that offers a guaranteed fixed interest rate for a certain period, usually from three to 10 years. A MYGA may be appropriate for someone who is closer to retirement, and\/or prefers tax deferral and a guaranteed interest rate.<\/p>

Buying a MYGA can be one\u00a0strategy for generating added income\u00a0in retirement to supplement investment accounts and Social Security benefits.<\/p>

MYGAs offer a conservative way to grow your money, and you won\u2019t owe taxes on the growth until you start taking payments.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tSingle Premium Immediate Annuity (SPIA)<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

A SPIA is a contract between you and an\u00a0insurance company\u00a0designed for income purposes only. Unlike a\u00a0deferred annuity, an immediate annuity skips the accumulation phase and begins paying out income either immediately or within a year after you have purchased it with a single, lump-sum payment. SPIAs are also called immediate payment annuities,\u00a0income annuities\u00a0and immediate annuities.<\/p>

This annuity is the oldest type, dating back to the ancient Roman Empire. The word annuity actually comes from the Latin, annua, which means annual payments. Roman soldiers received lifetime annuity payments to compensate for their service in the military.<\/p>

Some consider it to be the simplest and most consumer friendly annuity. But it represents only a small portion \u2014\u00a0about 10 percent<\/a>\u00a0\u2014 of\u00a0annuities sold each year.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Annuities can provide protected lifetime income you can't outlive<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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At Customer First Insurance & Financial Services we have the expertise to help you develop a strategy to ensure that you have a guaranteed lifetime income stream that you can\u2019t outlive. Questions and hesitation are naturally a part of the uncertainty that comes with retirement. We can help you alleviate your concerns. Click the button below to schedule a time to talk with us!<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tSchedule a Complimentary Appointment<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Help alleviate the worry of outliving your money Recent studies have shown that a common fear in Americans is the fear of outliving their money. Americans are equally afraid that […]<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5748","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/anthonycordova.com\/index.php?rest_route=\/wp\/v2\/pages\/5748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anthonycordova.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/anthonycordova.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/anthonycordova.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/anthonycordova.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5748"}],"version-history":[{"count":16,"href":"https:\/\/anthonycordova.com\/index.php?rest_route=\/wp\/v2\/pages\/5748\/revisions"}],"predecessor-version":[{"id":6783,"href":"https:\/\/anthonycordova.com\/index.php?rest_route=\/wp\/v2\/pages\/5748\/revisions\/6783"}],"wp:attachment":[{"href":"https:\/\/anthonycordova.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}