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Monthly cash flow from a $1 million annuity varies depending on several factors, including the type of annuity purchased, the age at which the annuity payments begin and current interest rates.
With a fixed annuity, you’ll earn a stated, fixed interest rate that will make you regular payments. For example, if you buy a $200,000 fixed annuity paying 6% per year, you’ll earn $12,000 ...
Therefore, the future value of your annuity due with $1,000 annual payments at a 5 percent interest rate for five years would be about $5,801.91.
However, the annuity is designed for higher potential interest rates, and provides other allocation options which consider the performance of an outside stock index (such as the Standard and Poor's 500, a.k.a. S&P 500) to determine the rate of interest. These options pay interest at a rate determined by a formula which considers any increase in ...
A deferred annuity that permits allocations to stock or bond funds and for which the account value is not guaranteed to stay above the initial amount invested is called a variable annuity (VA). A new category of deferred annuity, called the fixed indexed annuity (FIA) emerged in 1995 (originally called an Equity-Indexed Annuity). [5]
Annuities are investment options that are typically best for older investors. For one thing, there's a 10% penalty for annuity withdrawals before age 59 ½, making them problematic for younger...
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