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I like this annuity because it offers many payment options, including increases over time. With this annuity, I can “set it and forget it,” automatically increasing or decreasing payments according to what the Consumer Price Index does. When we need a little extra cash, we can opt for the Advance Payment Option, which gives us six month’s payments all at once. We are able to do that not only once, but twice while we have this annuity. There are also several different death benefit options that I can choose from to help protect my income for my heirs.
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The Prudential Defined Income Variable Annuity offers more opportunities for growth. Every year that we choose not to take income from this annuity, our money grows by 5.5% annually. The rate of withdrawal is not determined by when we began taking income, but instead by the age we bought our annuity. While we receive less in payouts, we have a 7-year period to surrender the contract, which is great flexibility.
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There are many advantages to the MetLife Guaranteed Income Builder. This deferred income annuity (DIA) is flexible to fit my needs. One of the things I liked about it most was that I could get out of the contract and get back at least 92% of what I paid to purchase the annuity before I started taking payments. I could also change my income start date if I changed my mind, and split my money into two different streams if I wanted. I was able to get into this DIA for only $2,500, and I can add as little ...
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My grandfather encouraged me to get a deferred income annuity when I got married. He told me that it would help my wife and me to provide for our family well into our older years, especially in this age of companies no longer providing pensions. With 100 investment options and an average rate of return of 18.01%, we had no problem finding some that were appropriate for our situation. Great-West provides growth opportunity and now we have the peace of mind that comes from knowing that our financial needs will be taken care of well into what we hope ...
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I first became a client of Fidelity in the same way that most people do- my work supplied retirement plan. I have stayed with them because I like that I have the option for $4.95 self-directed trades or paying $29.95 when I work with a broker. The majority of my investments are in my 401K but I do also have a smaller account that I use for trading. While I do conduct the bulk of my trades, there are more than a couple of instances where I prefer to work with a broker advisor to execute the trades. I ...
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My financial advisor recommended that I purchase a whole life policy as a financial and retirement vehicle. I wanted something that could increase in value and opted for a Guardian life insurance policy that is tied to the S & P 500. I am also able to take out a fixed or variable rate loan after having the policy for 10 years which will be just in time to help pay for my son's college tuition. The fact that part of my cash value is tied to the stock market and able to grow over the years was a ...
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A 401k savings plan is a great way to save for retirement. It can allow you to save a portion of your pay before taxes are taken out  (subject to federal limits). Some companies, like mine, can match portion of your savings dollar-for-dollar, up to a certain percentage, (4 percent with my own employer). This can be a reasonably painless way to save since a small amount of  your salary can be deducted each pay period to where the dollars may be of little notice. To top things off, you don’t  have to pay taxes on this money while ...
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Personally I am not satisfied with my 401k plan. I guess it's enough to retire but when I do it looks like I'm really going to have to budget. I don't want to be stressed out during my retirement and I am concerned about that. I trusted the funds that the company chooses for most people and I think that was a mistake. Advice I was taking from co-workers was also pretty worthless. I'm not sure what to do with my 401k, but there has got to be a solution. I might try contributing more and mixing things up ...
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A 401k is the best thing for every employee looking to retire at a decent age. My employer's 401k is raising a ton of money for retirement and I am securing my future with my family as we speak. The good news is that I don't have to be all that involved at the moment, because my employer handles it for the most part. However, I am being encouraged to make larger contributions than I have been doing, which means I need to budget a little more now for the sake of my future.
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As a former Delta Airlines employee I can attest to the fact that their 401k plan is phenomenal. I am now thoroughly enjoying my retirement. I have a ton of assets and I'm continuing to earn money during my retirement from all my assets. I can buy most of what I want, my wife and I get to eat at fancy dinners sometimes and we can afford to pay all our bills. I couldn't ask for anything more.
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