What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on August 26, 2013.
Learn more about SpinDistribute Article Distribution System.

All About Retirement Annuity

Article Category: Advice

Author Name: Jim Lee

You cannot work forever. You will eventually reach an age when you need to retire. It is a good idea to plan for how you can make a living thereafter, not only for your own benefit, but also for your dependents.

One preparation you can do for this is to set up a retirement annuity. What is it? A financial instrument is an investment or insurance product wherein the policyholder is given a tax-deferred growth on money. This is meant to help the holder through retirement by providing supplement to his federal retirement income. This is so that the holder would not have difficulties in lifestyle after retirement.

Basically, you invest in the annuity. Then, this will create income for you on a later period, be it a single future date or a sequence of dates. This income can be served to you per month, per quarter, per year, or in a single lump sum.

What are the different types? Retirement annuities are divided into two basic types: deferred and immediate.

In deferred annuity arrangements, your money will be invested for a set amount of time until you are ready to take withdrawals, usually upon retirement.

In an immediate annuity, you will be paid out soon after you begin the investment. People may consider acquiring immediate annuities when they are almost old enough to retire.

Under these two categories, annuities can be either fixed or variable. This depends on whether the payout you receive will be as a fixed sum, proportional to the investment performance, or a combination of both.

Will you have tax benefits? Yes. When you make the investment, this would be tax-free. When you start making withdrawals, the money you paid would not be taxed. Just remember that your earnings would still be subject to regular income tax rate. The most significant advantages of retirement annuities are the option to allot larger amounts and tax deferment.

Compared to other tax-deferred accounts, like the 401K and Individual Retirement Account, annuities don't have an annual contribution limit. It means you can allot more money for retirement which would be beneficial if you are near retirement age and you have to catch up.

All investments you make will accumulate yearly without taxes. This ability to keep every dollar working for you is advantageous over taxed investments.

What about disadvantages? Nothing's perfect. You have to be careful around hidden charges that can reduce payouts.

Most of the time, the policy would be sold by insurance brokers who take a commission that can reach up to 10%.

Surrender charges are likely if you pull money within the first few years. If you cancel within the first year, the typical surrender charge would be 7%. There are even cases where this charge reaches up to 20%.

In the case of a variable annuity, the annual fees are high. Annual insurance charges, investment management fees, and charges for insurance riders can add up to about two to three percent that you have to pay every year.

Retirement annuities are viable choices to prepare for your retirement. You just have to be careful about the fees.

Keywords: indexed universal life insurance, tax free retirement income

Learn more about SpinDistribute Article Distribution System. We also offer Professional Article Writing to everyone who's looking for high quality web content.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.