Why Consider Single Premium Immediate Annuities For Retiring?

· 2 min read
Why Consider Single Premium Immediate Annuities For Retiring?

Single premium immediate annuities (SPIA) are a great way to turn money into income. You fund them, and after that you start drawing income the very next month. These products that insurance companies offer. You buy them from insurance companies or licensed agents. To do this discussion, we talking about "fixed" annuities. They are low risk savings vehicles, backed by insurance companies and tough state foibles.

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I only meant to write this article as a way to explain these products in an easy manner. Being to look at if efforts will help you, require to consult having a professional in your area. Or perhaps  Sony Digital Reader Premium Cover Review  can display you how different plans work, likewise give you alternatives.