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Many annuity companies have relatively low minimum premiums, often as low as $2,500 to $5,000 for some types of fixed annuities and around $10,000 to $15,000 for variable annuities.
2. Variable annuity. A variable annuity allows you to get a payout that may grow over time by investing your money in various mutual funds or other funds that hold stocks, bonds and other assets ...
With a variable annuity, the insurance company places a tax-deferred investment vehicle into accounts like mutual funds. ... different types of annuities means you can find the best choice for you ...
Variable annuities are subject to market risk since the value of the underlying investments can fluctuate. This means that if investments in your annuity subaccounts underperform, your payouts ...
VALIC ranks in the top 10 of all U.S. and Canadian life insurance companies, [1] based on more than $329 billion in total customer assets under management as of December 31, 2022. The company is a Premier Partner of the Compliance and Ethics Forum for Life Insurers (CEFLI) (formerly Insurance Marketplace Standards Association (IMSA)).
The post Best Types of Annuities for Retirement appeared first on SmartReads by SmartAsset. ... plans and other tax-advantaged retirement savings accounts, there is typically a 10% penalty for ...
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