Tag: variable annuities

What Is a Variable Annuity

As previously discussed, when it’s time to buy an annuity, you have the choice between an immediate and deferred annuity. If you prefer an immediate annuity, you’ll make a lump-sum payment. Within a year of the contract, the insurance company will begin issuing you a monthly income—which can either be for a specified number of…


Charitable Gift Annuities

The other day I was running some errands and flipping through the radio. I stopped the dial once I heard the opening chords to “Band on the Run.” For those who are unfamiliar, this was one of the biggest hits from Paul McCartney and Wings. And, the Foo Fighters also have a rocking cover version…