The right time to Annuities

Did you know that most retirees are not too confident that they have saved enough for a comfortable retirement? In addition, nearly 4 October retirees have not estimated how many years their assets and investments could last for retirement, according to LIMRA study "Does retirement assets last a lifetime."

Enter annuities. Now before you stop reading because the word off, know that you are not alone. According to the "Reclaiming the Future" by Allianz Life, 54% of respondents did not like the term "annuity". But when asked to choose between high returns and guarantees, 69% of respondents said they would prefer a product that was "guaranteed not to lose value," which describes an annuity. When retirement planning, life income annuity ensure the safety, security and a guarantee that you (the annuitant) will not outlive their income.

Annuities have a long history of helping people. I bet you did not know they have been around since the Roman Empire? Here some highlights of the annuity history compiled by Tom Hegna in his book of pay checks and Checks Play

• 225 -. A Roman judge produced the first mortality table known for "annua" who were living in allocations made once a year in exchange for a lump sum payment
• 1776 -. the national pension program for soldiers was adopted in America before the signing of the Declaration of Independence. He provided an annuity payment to the soldiers and their families
• 1812 - .. The Pennsylvania Society for the granting of pensions was founded
• 1935 - President Franklin D. Roosevelt signed the social security Act. Social Security is essentially a life income annuity
• 1940 -. Ida May Fuller became the first recipient of the Social Security. She received 35 payments totaling $ 22,000
• 1952 - .. TIAA-CREF offered the first variable deferred annuity, allowing educators to invest some of their retirement shares as a hedge against inflation
• 1986 - Congress passed a tax reform that was deferred annuities one of the few financial products where you can invest unlimited amounts and get the benefit of deferral tax
• 2011 -. Sales of individual annuities reach $ 240 billion

are you a part of the almost half of Americans aged 45 to 70 who have no financial plan in place to protect against depleting their assets and the rising cost of healthcare should they live longer than expected? Security, safety and income, you can not survive. An annuity is the ideal investment for longevity and retirement planning