Invest In Fixed Annuities And Secure Your Life Forever

By Author: Robert Cook
Total Articles: 111
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If you are planning to invest in an annuity, then one of the most important factors is the age. Keeping this is mind, one of the most popular investment guideline for annuity is that it is one of the safest investments considering your age. If you invest at the age of 25, then it would be a low risk investment and it should approximately make around 25% of the portfolio that you have. Some of the high risk investments are the stock and the mutual fund etc. As the years pass by and you get older, you can try to increase your low risk investment and cut down on the high risk ones.

But when you are about to retire, maintaining this order of investment becomes rather difficult. This is when the fixed annuities as the investment schemes become popular. In fact the fixed annuity is ideal for all people who are about to retire from their employment. After your job life gets over you can never look forward to the regular pay checks each month, the necessity for a secured and alternative income increases additionally.

When you open the account for fixed annuity, you must pay a lump sum amount. It ...
... can be any amount of $2000 to $25000 depending on the policy of annuity. Once the account is opened, you can make the additional deposits if you wish. The income and the rate of interest will typically depend on the type of fixed annuities that you have chosen and the rate of interest available in the market.

There are three types of fixed annuities available in the market. Each of them is meant for suiting different kind of needs. Those annuities are the immediate, the deferred fixed and the fixed indexed. But whichever you plan to invest in, it is always recommended that you get the annuity quotes online before deciding on the final plan. It is a wise idea to speak to a market expert on the kind of annuity quotes available in the market as he is the right person to give you the correct advice about the plans. You can also research on the internet and figure out the best quote after taking a look at some of the annuity quotes from variable resources. It is always better to compare two or three insurance company rates before finalizing on one particular company. This will ensure that your hard earned money is not wasted.