Annuity purchase is recommended for consumers with retirement fund

Consumers who belong to a retirement fund are encouraged to take annuity to ensure that they have sufficient money for when they stop working. Many retired people are battling to cope with the escalating cost of living such as food, medicine and transport, as people continue to live longer. Retirement annuity has some tax benefits aimed at encouraging more people to save towards having a comfortable life after leaving work. Naledi Matlapeng reports For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms....(read more)

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Many individuals who have saved for retirement may find themselves overwhelmed with the decision of how to utilize those funds. While there are many options available, one popular choice is purchasing an annuity. An annuity is a financial product that provides a guaranteed stream of income for a specific period or for the duration of the person's life. Annuities can be purchased from insurance companies and come in a variety of forms, including fixed, variable, and indexed annuities. Consumers with retirement funds are encouraged to purchase annuities for several reasons. One of the main benefits of an annuity is the guaranteed income stream it provides. This can provide peace of mind for retirees who may be concerned about outliving their savings. Additionally, annuities can offer tax advantages. Annuities are typically tax-deferred, meaning the earnings aren't taxed until they're withdrawn. This can be especially beneficial for those in a higher income tax bracket. Another advantage of annuities is that they can serve as a hedge against inflation. Fixed annuities typically have a set rate of return, but indexed annuities and variable annuities may increase their payout based on market performance. This can help retirees keep up with rising costs of living. It's important to note that annuities aren't for everyone and there are downsides to consider. For example, annuities are often associated with high fees and surrender charges for early withdrawals. Additionally, annuities can be complex financial products that may require professional advice and due diligence. Overall, consumers with retirement funds may find that purchasing an annuity can provide a stable and predictable source of income. However, as with any financial decision, it's important to carefully evaluate the pros and cons and seek professional advice before making a commitment. https://inflationprotection.org/annuity-purchase-is-recommended-for-consumers-with-retirement-fund/?feed_id=105862&_unique_id=6482de291d3fa #Inflation #Retirement #GoldIRA #Wealth #Investing #actuality #localnews #SABCNews #worldnews #RetirementAnnuity #actuality #localnews #SABCNews #worldnews

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

How Annuity Education Can Help You Effectively Plan for Retirement with Annuities: Insights from IBC Global

Want to Learn If An Annuity Is Right For You? Thank you all for watching! Don't forget to subscribe for more! DISCLAIMER: All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and ILS Products is made for informational purposes only. #Finance #Annuity #Insurance... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Annuity Education: Effective Retirement Strategy - Utilizing Annuities Retirement planning is a crucial aspect of everyone's financial journey. With the goal of maintaining a comfortable lifestyle after ending decades of work, individuals often seek strategies that provide a st...

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