For annuities purchased with pre-tax dollars, all income—whether via annuitization or from withdrawals—is fully taxable as ordinary income. Variable Annuity Considerations ...

Annuitization is the process of converting an annuity investment into a series of periodic income payments. Annuities may be annuitized for a specific period or for the life of the annuitant .

Annuitization Rates Are Inching Up, But What Will Take Them Higher? Although lifetime income is unique to annuities among financial products, this feature has not been widely utilized. In 2000 ...

When it comes to retirement planning, annuities don’t get the same attention as 401(k) plans. But that may be changing. According to Limra, at the end of 2022, annuity sales were up 22% from the ...

At its core, a variable annuity is designed to provide a steady stream of income during retirement. But these financial products are more complex, costlier and riskier than other types of ...

Q. Your article about variable annuities with a lifetime income guarantee was interesting. Could you explain in more detail the differences between this benefit and annuitization? A. I wrote about … ...

There is value to annuitization through a single premium immediate annuity, but it’s simply a matter of communicating that point to advisers, according to a panel of insurance industry experts.

For retirees with $250,000 or more in savings, the researchers found better financial outcomes from combining systematic withdrawals from cash or other liquid investments alongside annuities ...

Whether it makes sense to opt for annuitization vs. withdrawal can … Continue reading → The post Annuitization vs. Lifetime Withdrawals for Annuities appeared first on SmartAsset Blog.

In 2023, sales of variable annuities dropped 17 percent, even as sales of fixed annuities soared, according to LIMRA, the largest U.S. trade association for the insurance industry.