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Follow on Google News | Immediate Annuities Provide Self-Funded PensionsWith a volatile market, immediate annuities provide security for those entering retirement.
By: John Dubots But as Americans are living longer, they begin to worry about outliving their money. Recent market collapses have caused many retirees to watch their stock investments become battered and beaten. Those seeking sanctuary in money markets and CD’s have seen their income wither away. There is a solution: it's called an immediate income annuity. This is an insurance product that ensures you'll receive a check every month for as long as you live. Immediate annuities provide a way to create your own pension by simply using the money you have already saved. Here’s how they work... You give an insurance company a lump-sum of money in exchange for a guarantee that you'll receive a monthly check for the rest of your life or for a specific period of time. The amount of the payment you receive will depend on several factors, including your life expectancy, the amount invested, and the age of your spouse (if included on the policy). As with any investment, there are “pros” and “cons”. The naysayers will argue the loss of control over your money. Once you hand over your money, you're locked into the agreed upon monthly payment. If you underestimate your expenses or need cash to buy a new car or for an emergency, you cannot get funds from your annuity. An immediate annuity is an irrevocable purchase and cannot be cashed in. If you buy an immediate annuity that just provides payments for the rest of your life, the payments will stop when you die. There will be no residual payment to your heirs, even if you die shortly after buying the annuity. However, there are ways to remedy this problem. You can set up the annuity so that it may outlast your lifetime. How? If you're married, you can buy a joint and last survivor annuity, which continues payments as long as you or your spouse is alive. If you're single and have beneficiaries, you can add a clause to your annuity that guarantees payments for a specific period, ranging from 10 to 30 years. This is an asset that can be willed and your heirs would receive the remainder of payments upon your passing. There is a balance between the monthly payments you receive and the length of term. More years means lower monthly payouts. Most fixed immediate annuities provide a level payment for the rest of your lifetime. In a volatile market with a future of uncertainty, this feature allows many seniors to sleep better at night knowing they can rely on a consistent income. Another nice benefit is that a fixed immediate annuity carries no loads or management fees. There are no sales fees or back-end charges to consider. This adds to the attractiveness. For more information on annuities, please contact John Dubots of Dubots Capital Management. With over 20 years of experience in retirement income planning, John can help you determine the best way to grow and protect your assets. 888-605-8363. http://jpdcapitalmanagement.com Investment Advisory Services offered through John P. Dubots Capital Management, LLC, CA License # 0822926 http://www.youtube.com/ # # # John P. Dubots Capital Management, LLC is a Registered Investment Advisory firm located in Temecula, California. We provide our clients with financial services and access to products from many of the nation’s "leading" investment companies. Our representatives work hands-on with clients to help investors meet their financial goals. Before we make recommendations, we first need to fully understand your needs and goals. Together, we evaluate and plan for long-term wealth creation and estate preservation, making use of a wide variety of investment products. Our Clients consist of retirees, pre-retirees, individuals, sole proprietors, partnerships and corporations. We assist more than 150 individual and corporate investors to achieve their investment goals. We have been in business since 1991. We would enjoy the opportunity to discuss with you how to make your financial dreams a reality. http://www.johndubots.com End
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