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Retirement annuity or lump-sum payment

There are over 30 ways to structure retirement payouts in the US today. Retiring Americans are most often faced with the choice of getting their savings in a lump sum payment or concluding an insurance agreement that guarantees a retirement annuity, the payment of a monthly allowance the rest of the life.
Retirement annuity or lump-sum payment

Regardless of what the financial advisor or agent recommends, the “one-time payment or annuity” solution comes down to whether you need a steady income. Even small amount of retirement annuity combined with social benefits and dividends on own savings can provide a high level of income.

The experts are sure that stable incomes after retirement can only be guaranteed by retirement annuities (remuneration payment or payment of part of the principal debt and interest on it) combined with other options with main annuity being a fixed indexed annuity (FIA). Most Americans do not trust the FIA due to its complexity, which, however, according to experts, is a myth.

The FIA ​​combines fixed payments with indexation, thanks to which income will not be dependent on market fluctuations. Indexed interest rate allows the accumulated amounts to grow even after a person retires.

Source: https://www.kommersant.ru/doc/4258683

Photos are from open sources.

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