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Get multiple annuity quotes: Each annuity company offers different rates, riders, fees and features. By gathering multiple quotes, you can explore a broader range of products and select the one ...
The best 2-year annuity rate is 5.65%, according to the chart above. In addition to a favorable interest rate, annuities have other features that make them attractive to some retirees.
Annuity Name. Guaranteed Rate. CL Life CL Sundance 3. 6.00%. Atlantic Coast Life Safe Haven 3. 5.90%. Sentinel Security Life Personal Choice 3. 5.90%. American Life American Classic 3 (no withdrawals)
Using today's rates, a $10,000 immediate annuity for a 65-year-old might pay around $75 to $80 monthly for life. Delaying payments or investing more money would increase this amount.
Advantages: A deferred annuity helps you set up an income stream when you need it, typically in retirement. You can fund the annuity over time, instead of with a single lump sum.
The post Best Types of Annuities for Retirement appeared first on SmartReads by SmartAsset. Making the selection requires learning about the major features of the types of annuities most popular ...
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