People who have excess money to spend should consider investing their money on something profitable rather than spend it up to buy unnecessary things. If you are about to investing your money and you concern about your future, maybe you can try to pay a lump sum amount to annuity issuer, like insurance company. It is very useful to prepare your future when you get retired.
By investing your money on annuity issuer, you will get money at pre-defined period, usually when you retire. The annuity issuer will mature and start paying you certain amounts of money which have been fixed before regularly, typically every month. This investment will secure your financial when you get retired and don’t have any source of money anymore. The money paid by annuity issuer helps you survive and make living. Amounts of money you get in the future will be determined by how much your investment. Another advantage you get by investing your money on annuity issuer is you don’t have to pay taxes at least until annuity payments start accruing to you.
This kind of investment is considered to be low risk investment. As the consequences of low risk investment, usually you should pay high fees charged by annuity issuer. How successful this investment will be very determined by the reputation and also stability of insurance company itself.
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