” In one case, an agent sold a lifetime annuity to a 104-year-old man, Ms. Larry C. Kim Holland, the Oklahoma insurance commissioner, said, “There are certain benefits that you just can’t get from other life of pi essay help products,” notably the assurance of lifetime income and a greater payout rate than would be available from certificates of deposit or bonds at present. 9. In its basic form, an immediate annuity is bought with a single upfront payment; for the AARP Lifetime Income Program, that can be as little as $5,000. ” She added: “Check with peers, friends, relatives, bankers, your accountant. Photo Buyers may also choose optional features, including inflation homework market from 10 dollars protection and a withdrawal benefit in an emergency. “The next is market risk. If an annuity is bought with after-tax money, part of the payout is considered a return of principal and is not taxed. Holland, who has waged an aggressive campaign to root out and prosecute insurance fraud, said that “seniors are vulnerable — they are often targeted by scam artists. More than just returns — the timing is critical. ” Tim Kochis, homework market from 10 dollars the president of Kochis Fitz, a San Francisco wealth management firm, would put far less into it. 7 years in 1960. Renfro, the president of AARP Financial, buy a dissertation online writing a subsidiary of AARP Services, said, “Mindful that they run the risk of outliving their assets without ongoing income, many AARP members have expressed interest in the potential of annuities to help homework market from 10 dollars fill their law school admission essays service download income gap. Most people need to make a portfolio grow. As people age, their life expectancies increase, so dissertation writing services sri lanka 07 a 75-year-old today can expect to live until age 86. When optional features are added, the monthly payout is reduced. ” Two years ago, she enlisted AARP in a consumer education campaign on annuities, warning of “predatory sales practices and the solicitation of unsuitable annuity products. Kochis added, but he advises putting the bulk of a portfolio into stocks. 3 in 1960. Still, Ms. They could put their capital into Treasury bonds and live homework market from 10 dollars on the income. 8 years, up from 69. Pasteris homework market from 10 dollars said, and about half the policies are bought through I. R. “It is a function of risk tolerance, risk management — it can be for someone who is very risk averse and would otherwise be paralyzed. ” Suppose the market tumbles just when a person retires. But relatively few people are in that position. There are also various payment choices; under one, if the annuitant dies before receiving an amount equal to the initial premium, a beneficiary receives buy a dissertation online search the difference. “Losses early can have a devastating effect,” he said, because a shrunken portfolio will not produce enough income. ” But, she said, “you wouldn’t want to make that your only investment,” for several reasons. ” She stressed the need to check the rating of the insurance company issuing an annuity, the reputation of the individual agent homework market from 10 dollars selling it and whether the annuity is appropriate for the prospective buyer. “It’s much better than a homework market from 10 dollars money market fund,” Mr. Those who live until age 65 will on average live until age 83. Holland said. They also appeal to people who fear they lack the financial expertise to make their savings last a lifetime. ” Continue reading the main story On the other hand, the very rich do not need immediate annuities, said Paul Pasteris, New York Life’s senior vice president in charge of retirement income. When approached by an agent, do not provide any information, Ms. A. Depending book report on cheaper by the dozen on their health, family history and genetics, some people can expect to live far longer than average. Holland said, and in another, an agent brought cookies to a woman and planted flowers in her garden to win her confidence. “There’s so much opportunity for long-term growth if you can withstand the short-term volatility. And income is not taxed until it phd thesis on air pollution is paid out. ” Martha Priddy Patterson, a retirement expert and director of Deloitte Consulting in Washington, said, “In retirement we would feel more secure and happy if we knew that every month, X number of dollars will be rolling through the door. Don’t respond to telephone solicitations or ads for free seminars or dinners. Instead, if you are interested, get the person’s card and “do your homework. 7, up from 79. “I would devote no more than 10 percent at the outside,” he said. ” An immediate annuity can be right for people who need a monthly income, just as they had when they were working, and as their parents’ generation had with payments from defined benefit pensions, which research papers in operating system only a fifth of Americans have today. The size of the payment depends on how much money is invested, the investors’ age and sex and whether the annuity is for an individual or a couple. With a portfolio of homework market from 10 dollars stocks, bonds and cash, homework market from 10 dollars what are the returns going to be? Studies have shown that it is safe to take about 4 percent a year from a retirement portfolio, he said. The median policy size is around $60,000, Mr. According to the National Center for Health Statistics, an American’s life expectancy at birth is 77. ’s or retirement plan rollovers, continuing the tax-deferment on those plans until income is paid out. “If a poor return period is later, everything can be fine. That’s the price you pay for long-term performance, the price of entry. Then the annuity holder receives monthly payments for life.