What’s an individual retirement annuity? How they work, contribution limits and payouts

How much does a $400,000 annuity pay per month?

A $400,000 annuity could be a good addition to your retirement portfolio, but you'll want to know the payouts first.

What’s an individual retirement annuity? How they work, contribution limits and payouts

By Rachel Christian, Bankrate.com As you plan for retirement, building a secure nest egg becomes a top priority. Individual retirement annuities and individual retirement accounts (IRAs) are two similar-sounding options, but they function in very distinct ways. This article explains how individual retirement annuities work, their advantages and disadvantages and how they compare to IRAs. Here’s what you need to know. What is an individual retire…

BLOG: Navigating new distribution rules with inherited IRAs

An inherited individual retirement account (IRA) is a potential financial windfall that may create new opportunities to achieve your financial goals. If you are a beneficiary currently or expect to be one in the future, you should know recent legal changes on inherited IRAs can result in costly implications if not followed properly. The Internal Revenue Service (IRS) has clarified rules included in the SECURE Act (which Congress passed in 2019) …

The £8,000 cost of not shopping around for an annuity

Annuities are back in fashion due to higher interest rates but going with your current pension provider could cost you